Entries by Foundation for Economic Education (FEE)

VIDEO: The Myth That the U.S. Leads the World in Mass Shootings

To understand the misleading narrative, we must look to the era of narrative-driven journalism and the politicization of society, both of which subjugate truth to ideology and politics. If you asked me this morning which nation has the most mass shootings in the world, I would have said, with perhaps a flicker of hesitation, the […]

Ronald Reagan at 110: Twenty of His Best Quotes on Freedom, Government, and America

Unlike many US presidents, Ronald Reagan understood there was no loftier achievement for any society than freedom. Saturday marks the 110th anniversary of the birth of America’s 40th president, Ronald Wilson Reagan, in Tampico, Illinois in 1911. Now almost two decades since he died at 93, things he said are far better remembered than the […]

No, We Don’t Need a ‘Reality-Czar’: Let Truth and Falsehood Grapple

It is hard to see how Americans’ well-being would be advanced by a ‘reality czar.” New York Times writer Kevin Roose recently surveyed “our truth-challenged information ecosystem” and found a proliferation of “hoaxes, lies and collective delusions.” As he put it, that limits the Biden administration’s ability to “unite a country,” because “millions of people have chosen to […]

Why Chick-fil-A Is so Much More Efficient (and Friendlier) Than Government

There’s a simple reasons operations like Chick-fil-A can operate with an efficiency bureaucracies will never be able to match. When Will Haynie had a traffic problem, he knew just who to call. It started with a computer glitch on a busy Friday at the COVID-19 vaccination center at Seacoast Church. Health officials told the Mount […]

Companies Are Preparing to Cut Jobs and Automate if Biden Gets $15 Minimum Wage Hike, Reporting Shows

Let’s hope that Joe Biden’s minimum wage fantasies never become law—or workers will pay the price for his economic naiveté. Nobel laureate Milton Friedman once said that “One of the great mistakes is to judge policies and programs by their intentions rather than their results.” When it comes to the $15 minimum wage hike supported by Joe […]

Why Cuomo’s Latest Tax Hike Proposal Would Accelerate New York’s Decline

New Yorkers had a rough, rough 2020. Governor Andrew Cuomo’s latest proposal would make 2021 even worse. “New York Gov. Andrew Cuomo proposed raising taxes on the wealthy to a combined level of 14.7%, which would be the highest state-and-local tax rate in the nation,” CNBC reports. “The tax increase would raise $1.5 billion for the […]

VIDEO: Psychologist Explains the Unhealthy Incentives Behind ‘Cancel Culture’

 If there was a video documenting every second of my life, you can bet it would contain some pretty stupid comments I’ve made over the years. I would also probably be reminded of some opinions I no longer believe. If you’re being honest with yourself, yours likely would be equally cringe. The things we […]

‘Canceling’ Student Debt is Unfair to Graduates Like Me Who Sacrificed to Pay Off Our Loans

I gave up a lot to accomplish what I did, but debt ‘forgiveness’ would punish taxpayers like me for our hard work and frugality. A year after graduating from college, I was able to pay off my student loans in full. Now, President Biden wants me to pay for my peers who have yet to […]

Is ‘Stakeholder Capitalism’ Newspeak for Economic Fascism?

The changes favored by the ‘Great Reset’ movement would force businesses to serve the interests of ruling elites and leave true stakeholders out in the cold. Leaders of the World Economic Forum are seeking to implement a Great Reset of capitalism whereby “global stakeholders” cooperate to achieve “shared goals.” In the true spirit of not letting a […]

New Research Debunks Claim That a $15 Minimum Wage Would Not Reduce Employment

A new paper published by the National Bureau of Economic Research finds a “clear preponderance” of evidence that minimum wage laws reduce employment. President Joe Biden is pushing a federal $15 minimum wage in his sweeping $1.9 trillion COVID-19 relief package, and the policy is only gaining steam in progressive circles. But newly released research undercuts […]

17 Benjamin Franklin Quotes on Tyranny, Liberty, and Rights

Americans remember Benjamin Franklin as one of our founders. That is fitting because he was not just our most famous citizen at our country’s birth, but he was also so much a central part of that birth that he has been called “The First American.” As a member of the Second Continental Congress, Franklin helped […]

6 Key Takeaways Every Student Should Receive from Econ 101

A more widespread understanding of Econ 101 would reduce the likelihood of destructive government policies winning public support. In a 2015 podcast conversation with American Enterprise Institute President Arthur Brooks, Vox’s Ezra Klein declared that “there’s nothing more dangerous than somebody who’s just taken their first economics class.” Often expressing a similar contempt for Econ 101 […]

Why the Real Villain of 2020 Was Big Government

COVID-19 was going to be bad, no matter what. But the failures of big government made it much, much worse. The disaster that was 2020 is finally over. Now it’s time for the inevitable post-mortems. First and foremost, the COVID-19 pandemic posed enormous challenges to American institutions, and continues to do so. Frankly, we were […]

What Is Section 230 and Why Do Trump and His Allies Want to Repeal It?

Section 230 simply says that only internet users are responsible for what they write, not the private companies whose websites host the commenters. In 2020, many of us have become accustomed to terms and concepts we never thought we’d be discussing: “social distancing,” mask requirements, and Zoom parties all come to mind. We can add […]

‘Smart Toilets,’ Afghan Book Clubs, and Lizard Treadmills: Rand Paul’s Report Exposes $55 Billion in Government Waste

Everybody celebrates the holiday season in their own way. Each year, Senator Rand Paul invokes the spirit of the fictional grievance-airing holiday “Festivus” from Seinfeld to release an annual taxpayer waste report—and boy, is this one a doozy. The libertarian-leaning Kentucky lawmaker’s report for 2020 finds an astounding $54.7 billion wasted by the federal government this year. (That’s not even an […]

How $10 Million for Gender Programs in Pakistan Got Tied to a COVID Relief Bill

Hours before lawmakers voted on a multi-trillion dollar government funding package that included a $900 billion COVID-19 relief bill, congressional aides were spotted wheeling in the legislation. It ran 5,593 pages. “You’d have to read 560 pages an hour to finish it before midnight,” observed NBC News correspondent Garrett Haake. Folks! The bill is on the move! […]

San Francisco Sees More Overdose Deaths Than Covid Deaths in 2020

Data show alarming trends in drug overdoses and suicide as people—especially young people who are least at risk from COVID-19—are forcibly cut off from friends, families, and communities. It’s quite likely that wherever you are reading this, you are currently subjected to lockdowns, restrictions, regulations, or executive orders to one degree or another, as government […]

The Many Glaring Problems with the New COVID Stimulus Package

After months of backroom negotiations and lobbying, leaders in Congress have finally reached an agreement on a second COVID-19 relief bill. The $900 billion package will likely pass this week. Here’s a brief overview of what’s in the behemoth package—and a breakdown of the many glaring problems with it. Key Provisions: $600 “stimulus” checks for American adults who earned […]

3 Reasons Millennials Should Ditch Karl Marx for Ayn Rand

Dear avocado-toast-eating brethren, We need to drop Karl Marx like we dropped cable TV. We’re a generation that’s sick of wars (and threats of wars), mass shootings, and media sensationalism. As the ambassadors of the sharing economy and investors in cryptocurrency, we hold innovation and entrepreneurship in high esteem. Karl Marx is not who we […]

School Choice Reduces Teen Suicide, New Study Finds

When students who face bullying at their public school can go elsewhere, it literally saves lives. Elijah Robinson attempted suicide as a teenager. Why? Well, as a queer and mixed-race student, he faced vicious bullying in his public school. Thanks to a Florida program, he was able to switch schools and attend a private Christian school […]