Entries by Foundation for Economic Education (FEE)

Fascism: Socialism with a Capitalist Veneer

As an economic system, fascism is socialism with a capitalist veneer. The word derives from fasces, the Roman symbol of collectivism and power: a tied bundle of rods with a protruding ax. In its day (the 1920s and 1930s), fascism was seen as the happy medium between boom-and-bust-prone liberal capitalism, with its alleged class conflict, wasteful competition, and profit-oriented […]

Lawmakers in Hawaii Propose Repealing Second Amendment

This is not the first time Democratic senators in Hawaii have called for congressional action on guns and gun violence. Legislators in Hawaii, which has some of the most restrictive gun laws in the United States, moved this week to bring their concerns about the Second Amendment to the national level. In Senate Concurrent Resolution (SCR) No. 42, introduced Tuesday, Democratic […]

My Family Fled Communism When I Was 6. Now We Fear Our Nightmare Has Followed Us Here

Can my cow fat skin-creams make me a target here in the United States similar to my dad in communist Romania? Following the State of the Union address, I found the state of the nation surreal. I kept skimming past articles about the Democratic Party’s proposed economic stimulus packages, collectively known as the Green New […]

Economist: The Green New Deal Is Built on Fear, Not Facts

Last week, environmental activist and leader of the anti-carbon campaign group 350.org, Bill McKibben, sent a valentine to Rep. Alexandria Ocasio-Cortez and Sen. Ed Markey arguing that the Green New Deal, far from resulting in a return to the Dark Ages, would instead prevent exactly that. He tells us that those opposed to the measure “have one plan […]

The Income Tax: Still the Root of All Evil

February 25 is a momentous day in American history. It is the day in 1913 the 16th Amendment took effect. February 25 is a momentous day in American history. It is the day in 1913 the 16th Amendment, authorizing a federal income tax, took effect with the certification of Secretary of State Philander C. Knox. Because of […]

“Restaurant Recession” Hits NYC Following $15 Minimum Wage

This will be a rough year for full-service NYC restaurants as they try to navigate a future with significant economic headwinds and significantly higher labor costs from the city’s $15 an hour minimum wage. An article in the New York Eater (“Restaurateurs Are Scrambling to Cut Service and Raise Prices After Minimum Wage Hike“) highlights some of […]

How Cuba’s Infant Mortality Rank Fell from 13th to 49th in the World

Cuba has made less progress in health care and life expectancy than most of Latin America in recent years due to its decrepit health care system. It has never been a safer world in which to be a child. According to the UN, in 1950, most of the world had a child death rate (by age […]

New Jersey Lawmakers Are Trying to Tax the Rain

This gives new life to the saying, “when it rains, it pours.” Sometimes life mimics fiction. And sometimes life is so much stranger than fiction you have to double check the headlines to ensure they aren’t satire. The latest double take comes from New Jersey, where, under the guise of environmentalism, local legislators have passed […]

AOC’s Green New Deal Is a U.S. Version of Mao’s Disastrous Great Leap Forward

Support for this proposal demonstrates a profound ignorance of even basic economic concepts. In what its supporters have claimed is “visionary,” congressional media darling Alexandria Occasio-Cortez (AOC) has released her short-awaited Green New Deal, and she has called for nothing short of the destruction of life as we have known it: Rep. Alexandria Ocasio-Cortez said she […]

Alexandria Ocasio-Cortez Says She Opposes Capitalism. A Recently Taken Photo Suggests Otherwise…

There are many who speak loudly against capitalism, all the while still enjoying its benefits. To illustrate this point, just look at Alexandria Ocasio-Cortez texting from her iPhone, wearing a Movado watch, and drinking a Starbucks coffee. A democratic socialist, who thinks of capitalism as an immoral system, seems to enjoy the goods provided by big corporations. It […]

Hawaii’s Attempt to Raise Tobacco Age to 100 Reveals the Soft Tyranny of Neo-Moralists

No matter how noble a cause, efforts to legislate morality have a rather dubious track record. The road to hell is paved with good intentions. And on that road, there is, perhaps, nothing more dangerous than legislators committed to making sure those intentions come to pass. However, no matter how noble a cause, efforts to […]

Red Flag Gun Laws Turn Due Process on Its Head

Americans should resist the trend of assumed guilt and demand elected officials end this assault on our constitutional rights. Red flag laws have spurred quite a bit of controversy. This legislative movement seeks to create a process to remove firearms from the homes of people who are rumored to be dangerous to themselves or others. The […]

The Best and Worst Cities in the United States

There are several options if you want to measure economic freedom and competitiveness among nations (rankings from the Fraser Institute, Heritage Foundation, and World Economic Forum). You also have many choices if you want to measure economic freedom and competitiveness among states (rankings from the Tax Foundation, Mercatus Center, and Fraser Institute). But there’s never been a good source if you […]

Minimum Wage Memes: What They Miss and How They Mislead

Sifting through the internet’s conjecture and extracting the economic truth. f you have spent much time on Facebook the last few days, you may have seen this meme being passed around from a user named Thomas Corbett: It has already been shared over 109,000 times, and it is just one of a number of similar viral […]

Freedom of Choice—Not Competition—Is What Sets Capitalism Apart

Capitalism is not “a system of competition” any more than any other system. Capitalism has often been described as “a system of competition” by its adversaries, or a system “based on competition.” Naturally, this assertion is usually coupled with a spirited oration on how this “tooth ‘n’ nail” competition psychologically corrupts us—pitting man against man […]