Entries by Foundation for Economic Education (FEE)

Third World Objectivism: A Young Indian Reflects on the Meaning of Rand on the anniversary of her death by Shanu Athiparambath

Ayn Rand died on this day [March 6th], 32 years ago. Today, young Indians are snapping up her books at a surprising rate. It’s an apparent contradiction. Howard Roark, The Fountainhead’s main character, is a man with strong principles. But he’s also arrogant. Here in India, humility is considered the fundamental moral virtue. He might have […]

The Crony Gap: Political Inequality is the Real Problem by Stewart Dompe, Adam C. Smith

When it comes to public discourse, inequality is immensely fashionable. Along with its featured position at this year’s Davos conference, it received top billing in President Obama’s recent State of the Union address. But most of this talk lacks merit. Some inequality is in fact necessary; it provides the incentives for creativity and innovation. In […]

“Oops-care” by George C. Leef

Obamacare victimizes Americans, but politics means never having to say you’re sorry. Remember the glowing, utopian talk about the “Patient Protection and Affordable Care Act” back in 2009–10? We heard constantly that it was the solution to a national crisis, carefully contrived to guarantee high-quality insurance for virtually everyone without making anyone worse off. And so the […]

Evangeline Wanders by Sarah Skwire

Hardly anyone reads Longfellow anymore, but maybe we should. Henry Wadsworth Longfellow. Evangeline. 1847. 64 pages. Nobody reads Longfellow anymore, except perhaps students at Bowdoin College, where Longfellow was a student and later a librarian and professor. But Longfellow’s poetry used to be read and recited everywhere. Memorizing it was a common exercise for school children. And […]

Elementary School Spiral: A Cautionary Tale by Jenna Robinson

Vouchers are back in vogue, but higher ed offers us lessons about a K–12 tuition spiral. Twenty-five years ago, education secretary Bill Bennett advanced the idea that government student aid was largely to blame for the steady increases in college tuition. Since then, higher education reformers have been sounding the alarm about the tuition spiral. […]

How Social Security Makes Us Poorer by Brenton Smith

When you read that Social Security lifts 50 percent of seniors out of poverty, keep in mind that it was largely the cost of Social Security that put them there. It’s the perfect example of government incompetence creating higher costs and misguided incentives—and delivering exactly the opposite of what it promised. The contradiction stems from […]

Bitcoin Comes to Wall Street by Jeffrey A. Tucker

How do new technologies become part of life experience? They don’t drop from heaven, completed and ready to use. They enter into our world in marginal steps through real-time markets. These markets are full of play, experimentation, success and failure, price discovery, and technological fits and starts. Without this process, technology would remain forever in […]