Entries by Foundation for Economic Education (FEE)

“Contempt for the Screening Process” and 91 Other Reasons TSA Thinks You’re a Terrorist by Daniel Bier

It’s true that TSA’s physical screeners are embarrassingly bad at their jobs, failing to notice 95% of threats in tests by Homeland Security. But always never fear! TSA also has Behavior Detection Officers. These super agents can spot terrorists just by looking at them. Now, thanks to a leaked TSA checklist (and scorecard) of suspicious behaviors, you can too! The document shows 92 […]

The Ghosts of Spying Past by Gary McGath

In the 1990s, the Clinton administration fought furiously against privacy and security in communication, and we’re still hurting from it today. Yet people in powerful positions are trying to commit the same mistakes all over again. In the early days, the Internet was thoroughly insecure; its governmental and academic users trusted each other, and the […]

What Is “Libertarian Parenting”? Laissez-Faire Is Wrong for Families by Steven Horwitz

One of the dangers of modern libertarianism is that some people want to apply the ethical rules and insights that make complete sense in the market to micro-orders such as the family and the firm. Because our day-to-day life is made up of these micro-orders, it would seem to many libertarians that any consistent philosophy […]

What Greek “Austerity”? by Steve H. Hanke

It’s hard to find anything written or spoken about Greece that doesn’t contain a great deal of hand-wringing about the alleged austerity — brutal fiscal austerity — that the Greek government has been forced to endure at the hands of the so-called troika (the European Central Bank, the European Commission, and the International Monetary Fund). This […]

Capitalist Theory Is Better Than Socialist Reality by Sandy Ikeda

Tell someone on the left that crony capitalism is not the same as the free market and they’ll often respond that capitalism as it really exists is crony capitalism. They will say that there has never been an instance of capitalism in which government-sponsored or government-abetted cronyism didn’t play a substantial role — either through […]

Religious Charities, Gay Marriage, and Adoption: A Case for Pluralism by Walter Olson

At Reason, Scott Shackford has a valuable piece on where libertarians’ interests are likely to coincide with those of organized gay rights advocates and where they are likely to diverge, following the Supreme Court’s ruling on marriage. One flashpoint of controversy is likely to be the role of conservative religious agencies in areas of adoption that are commonly assisted with public […]

Does “I, Pencil” Need a Pro-Government Update? by George C. Leef

In a book I recently read, Complexity and the Art of Public Policy by David Colander and Roland Kupers, I was surprised to find a chapter entitled “I Pencil Revisited.” Yes, they meant Leonard Read’s famous essay showing how market prices and competition work to coordinate production in a way that no single person, however powerful […]

Celebrate Independence With a Revolution Against the Surveillance State by Ryan Hagemann

In the decade before 1776, British courts began issuing “writs of assistance” for the general search and seizure of colonists’ documents. The intention was to permit British troops to inspect properties for smuggled goods, but these writs gave officials broad power to enter private homes to search for, and seize, anything and everything that might […]

Real Heroes: Homeschool Parents — Home Education Inspires a Love of Learning by Lawrence W. Reed

The hero in this story is not any one person but rather nearly two million Americans — moms and dads who go the extra mile and who, often at great sacrifice to themselves, are rescuing children in a profoundly personal way. They are the homeschoolers, parents who give up time and income to directly supervise […]

The Ex-Im Bank Is Dead — But Watch Out for Corporate Welfare Zombies by Daniel J. Ikenson

At midnight, the gears of crony capitalism ground to a halt at 811 Vermont Avenue, NW, Washington, D.C. After 81 years of funneling taxpayer dollars to favored companies, projects, and geopolitical outcomes under the guise of advancing some vague conception of the “U.S. economic interest,” the Export-Import Bank of the United States will end its […]

Is Michelle Obama a Brilliant Experimental Economist? by B.K. Marcus

A consensus is emerging among advocates of personal freedom and economic literacy that the Healthy, Hunger-Free Kids Act, passed in 2010 with the support of Michelle Obama, is a typical failure of the nanny state. Reason’s Robby Soave writes, “Like so many other clumsy government attempts to make people healthier by forbidding the consumption of […]

Money Will Be Digital — But Will It Be Free? by Andreas M. Antonopoulos

Bitcoin offers a glimpse into the future of money — a purely digital form of money that is individual, private, global, and free (free as in speech, not as in beer). Bitcoin is often compared with the existing banking system, juxtaposing its futuristic capabilities with the slow, antiquated, and cumbersome world of wire transfers, checks, […]