Entries by Foundation for Economic Education (FEE)

Why Racism and Sexism Never Diminish—Even When People Become Less Racist and Sexist

The paper gives us a way of thinking more clearly about shifts in the Overton window. The idea that concepts depend on their reference class isn’t new. A short basketball player is tall and a poor American is rich. One might have thought, however, that a blue dot is a blue dot. Blue can be […]

California’s New Governor Calls for a Tax on Drinking Water

Communities throughout the state struggle with dangerous pollutants in their supply, but opponents of the suggested tax say there is no need to tax residents in order to solve the problem. California’s new governor has wasted little time continuing the state’s seemingly limitless expansion of government. Governor Gavin Newsom’s first budget proposal, published last week, suggests instituting […]

What the Nazis Borrowed from Marx

Polylogism is the replacement of reasoning and science by superstitions. It is the characteristic mentality of an age of chaos. – Ludwig von Mises The Nazis did not invent polylogism. They only developed their own brand. Until the middle of the 19th century no one ventured to dispute the fact that the logical structure of […]

Long Before the Covington High Incident, Orwell Revealed the Truth about Hate

If the media is “creating and fomenting” anger, this is only part of a bigger story. It may be time to take a lesson from ‘1984’, the political allegory by George Orwell. What could be a better story for a media devoid of “journalistic ethics” than a group of Catholic high school students, wearing MAGA hats, […]

Only Economic Growth Will Save the United States of America

Gordon Gekko missed the mark with his famous Wall Street monologue about American capitalism. It is not greed but economic growth that is, for lack of a better word, good. Growth is right. Growth works. Growth clarifies, cuts through, and captures the essence of the evolutionary spirit. Growth has marked the upward surge of mankind. And growth—you […]

The Truth about the Shutdown: Daily Federal Spending Fell Just 7% During “the Government Shutdown”

Editor’s Note: Lawmakers reached a temporary agreement with the president to reopen the government on Friday. In our Principles of Microeconomics courses, we sometimes consider whether a firm should shut down some line of production. A firm shuts down when it ceases operations—when it closes down and stops its production. The firm stops spending money on everything […]

Venezuelans Stand on the Edge of History

Venezuelans took to the streets across their country Wednesday to protest the beginning of a second term for President Nicolás Maduro. Following years of famine, the decimation of savings, and the destruction of a once-leading Latin American economy, tens—perhaps hundreds—of thousands of Venezuelans took to the streets across their country Wednesday to protest the beginning […]

Rights and Non-Rights: A Simple Way to Distinguish the Two

Despite the centrality of rights in American history, it’s readily apparent today that Americans are of widely different views on what a right is, how many we have, where rights come from, or why we have any in the first place. That all men are by nature equally free and independent, and have certain inherent […]

The Two Energy Futures Facing America

Energy improvement does not depend on geography or race but on the right institutions. Sustainable energy—available, affordable, and reliable—requires private property rights, voluntary exchange, and the rule of law. here are two energy futures for America. One is freedom and prosperity. The other is politics, conflict, and waste. As with other goods and services, energy’s […]

George Bernard Shaw Was so Enamored with Socialism He Advocated Genocide to Advance It

For decades, Shaw was a staunch proponent of genocide, refusing to soften his views even after the full horror of the Nazi death camps was brought to light. In an excerpt from her recently published book Why Women Have Better Sex Under Socialism, Kristen Ghodsee freely quotes from the works of the playwright and Fabian Socialist George Bernard Shaw to […]

Slowing Productivity and Rising Inequality Have a Common Driver: Government Intervention

Mainstream economists are overlooking a key connection. A growing chorus of alarmist voices decries the rising economic inequality in the Western world, especially in the United States. Surprisingly enough, the same mainstream analysts complain about the anemic growth of labor productivity without seeing the correct link between the two. Data shows a strong correlation between labor productivity and economic inequality […]

Data Show California Is a Living Example of the Good Intentions Fallacy

“Concentrated power is not rendered harmless by the good intentions of those who create it.” During a speech at Harvard several years ago, Charlie Munger related a story about a surgeon who removed “bushel baskets full of normal gallbladders” from patients. The doctor was eventually removed, but much later than he should have been. Munger, the vice […]

Are AR-15 Rifles a Public Safety Threat? Here’s What the Data Say

Is it true that the AR-15, a popular firearm owned by millions of Americans, is a unique threat to public safety? From Parkland, Florida, to San Bernardino, California, the semi-automatic AR-15 rifle and its variants have seemingly become the weapons of choice for mass shooters in the United States. Many people simply cannot believe that regular civilians […]

Cash-Desperate Illinois Is Now Taxing Lap Dances

Government is now taxing lap dances. What does it mean? As anyone who’s ever stepped into a “gentlemen’s club” knows, lap dances can get pretty pricey. But owners of an Illinois strip joint believe the nearly $2 million tax bill they received for lap dance services provided is a bit much. Court records show that proprietors of Polekatz Gentlemen’s […]

How Medicare For All Could Become the Leading Cause of Death In America

People assume universal health insurance would equal better health outcomes. This isn’t true. The top three leading causes of death in the US are heart disease (614,348), cancer (591,699), and seeking medical treatment. Yes, you read that correctly. According to a 2016 study by Johns Hopkins, medical errors contribute to the deaths of more than 250,000 Americans annually, which […]