Entries by Foundation for Economic Education (FEE)

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 […]

What America Could Learn from Singapore’s Social Welfare System

To take a look at how and where a minimal standard of welfare design has been implemented successfully, one need only look at the city-state of Singapore. A common libertarian view when it comes to welfare is that the role of the state should simply be restricted to providing a safety net. Such a basic […]

Mass Transit Is a Colossal Government Failure

“Due to moderate gas prices, increasing auto ownership, and the growth of the ride-hailing industry, the nation likely reached ‘peak transit’ in 2014.” I like subways and spent most of my adult life taking them to work. Unfortunately, most people prefer to drive. It can take an hour and a half to take buses and […]

Universal Basic Income Is a (Costly) Socialist Pipe Dream

It is the height of hypocrisy to ask the United States government, already USD $22 trillion in debt, to fund handing out free money to the entire nation. Universal basic income has had a phenomenal year in 2018 when it comes to publicity. Silicon Valley billionaires, academics, and leftist politicians are raving about the brilliant […]

7 Reasons to Say Goodbye to Teachers Unions

I stand with teachers—not unions. Every year, my school district hosts a beginning of the year meeting with every employee in the district. Amidst all the pomp are 15 minutes during which my school district provides a platform for the head of the local teachers union. He doesn’t say much, keeping it vague and general. […]

Economic Freedom Is a Proven Antidote to the Scourge of Human Trafficking

Advancing economic freedom should be an integral dimension of America’s leadership in leading global efforts to combat human trafficking. In a recent op-ed essay for The Washington Post, first daughter Ivanka Trump made a powerful case for the Trump administration’s ongoing effort to combat the evil of human trafficking. “The United States is an extraordinarily generous […]

Why California’s 1% Dip in Homelessness Is No “Success Story”

If my friends on the left see this as an example of success, I’d hate to see their definition of failure. I often write about the failure of government. The federal government launched a multi-trillion dollar War on Poverty, and the poverty rate, which had been consistently falling, now is stuck around 13 percent. Governments at all levels have […]

The Myth That Standard Oil Was a ‘Predatory Monopoly’

In light of recent calls to enforce antitrust laws against Google, it is worth scrutinizing the argument behind antitrust regulation. As is often the case, these regulatory efforts hurt consumers more than they help. Consider some history. The Sherman Antitrust Act was passed in 1890 against the backdrop of the nascent Industrial Revolution and the rise of big business in America. […]

15 Things You Should Know about the 2018 Partial Government Shutdown

Because the spending bill requires a filibuster-proof majority to pass in the Senate, Republicans need several Democrats to support the funding proposal that includes border wall funding. 1. What just happened? On Friday, the federal government entered a partial shutdown after the Senate failed to pass a spending bill that includes border wall funding. President […]