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FEE

FEE - 2018-07-20 - Original post - cached version

Sections 1021 and 1022 of the National Defense Authorization Act opened the door for the United States to be treated as a “battlefield” and allow the government to indefinitely detain and imprison any person by only accusations or suspicions of a crime without due process or trial by jury. This...

FEE - 2018-07-20 - Original post - cached version

Energy is a necessary component for just about all of the goods and services consumed, so Americans would pay more for food, healthcare, education, clothes, cleaning supplies—you name it.

FEE - 2018-07-20 - Original post - cached version

A common argument is that if our 80+ welfare programs were replaced with a UBI, it would reduce perverse incentives, shrink bureaucracy, and boost overall effectiveness. Even celebrated libertarian economists such as Friedrich Hayek and Milton Friedman supported similar policies that would...

FEE - 2018-07-20 - Original post - cached version

By targeting Android, the European Commission are favoring tightly-controlled vertically integrated platforms, such as iOS, over more open and customizable platforms, like Android.

FEE - 2018-07-20 - Original post - cached version

By legally prosecuting “wrong” viewpoints, extremists will consider themselves as minorities persecuted by an elite. This is backed by a study on right-wing terrorism in which the author concludes that public repression might have fueled extreme right violence.

FEE - 2018-07-20 - Original post - cached version

In 1830, the workweek in the industrializing West averaged about 70 hours or, Sundays’ excluded, 11.6 hours of work per day. By 1890 that fell to 60 hours per week or 10 hours per day. Thirty years later, the working week in advanced societies stood at 50 hours, or 8.3 hours per week.

FEE - 2018-07-19 - Original post - cached version

As a human institution that emerged spontaneously from the voluntary interaction of millions of individuals, money should teach us about the power of markets when it comes to providing solutions to economic problems; especially nowadays, when most people look to the government...

FEE - 2018-07-19 - Original post - cached version

Ad Blockers can act as a vote when visiting web pages. Page views are important, but usually only because page views can lead to ad clicks which then lead to revenue.

FEE - 2018-07-19 - Original post - cached version

When an ethnically homogenous country like Denmark builds up a leviathan welfare state, it becomes incapable of adequately dealing with increasing diversity. The only way to protect the collective social safety net is to divide society into two tiers: the indoctrinated and the outsiders. The...

FEE - 2018-07-19 - Original post - cached version

I found my answer when I dove into the collected Messages and Papers of the Presidents. This president's letters to Congress, his vetoes, plus his inaugural and farewell addresses, comprise about 300 pages. I discovered that on some vital economic matters, the man was not only right but also...

FEE - 2018-07-19 - Original post - cached version

"Democracy demands that we're able also to get inside the reality of people who are different than us so we can understand their point of view. Maybe we can change their minds, maybe they'll change ours. You can't do this if you just out of hand disregard what your opponent has to say from the...

FEE - 2018-07-19 - Original post - cached version

Handouts cannot fix systemic poverty. And a pair of free shoes can change a person’s life no more than one free fish can. Sooner or later, you run out of fish or your shoes develop holes and need to be replaced. And by creating a dependence on these donations, you actually help perpetuate the...

FEE - 2018-07-18 - Original post - cached version

In sports, as in any other game, there is only one winner and many losers. It is cruel stuff. The winner holds the trophy and triumphantly looks down on those defeated while being cheered by the crowd. Victory or defeat!

How about market economics? Is this also a mere game of victory or...

FEE - 2018-07-18 - Original post - cached version

The government’s ability to predict the outcome of the deal is inferior to that of the firms’ shareholders, whose capital is at stake in the transaction. Meanwhile, the upside of the transaction—a third major company capable of keeping up with Verizon and AT&T—could be quite beneficial to...

FEE - 2018-07-18 - Original post - cached version

He caught the attention of the powerful and the influential. President Eisenhower distributed copies of The True Believer to friends.

FEE - 2018-07-18 - Original post - cached version

There are many people in this world who like to make the argument, "Correlation is not causation." And this oft-used expression is true. Correlation is not, in fact, causation. Just because two things tend to happen at about the same time does not necessarily mean that they have anything to do...

FEE - 2018-07-18 - Original post - cached version

At a time when loneliness has been called a social crisis, it is the height of folly to undertake a program that will make it easier for people to drop out into lives of social isolation.

FEE - 2018-07-18 - Original post - cached version

It is baffling how some who defend freedom and free markets domestically are willing to abandon those assumptions when considering the border and beyond. Our immigration, foreign policy, and international relation policies often endorse a command and control framework and ignore relevant...

FEE - 2018-07-17 - Original post - cached version

The following episode of "The Mandy Show" is a discussion between Lawrence W. Reed, The president of The Foundation for Economic Education, and the podcast's host, Mandy Connell. In this episode, they discuss courage, self-reliance, and liberty. Reed also uses his knowledge as a historian to...

FEE - 2018-07-17 - Original post - cached version

Carbon emissions from energy use from the US are the lowest since 1992, the year that the United Nations Framework Convention on Climate Change (UNFCCC) came into existence.

FEE - 2018-07-17 - Original post - cached version

In an effort to sort out its immigration mess, the EU finds itself even more divided. Here are five brief points of what you need to know about Europe's migration row.

FEE - 2018-07-17 - Original post - cached version

During the period from January 1997 to June 2018, the CPI for All Items increased by 57.4 percent and the chart displays the relative price increases over that time period for 15 selected consumer goods and services, and for average hourly earnings.

FEE - 2018-07-17 - Original post - cached version

You have to wonder why so many young people are intrigued by socialism when they’re the ones getting screwed by big government!

FEE - 2018-07-17 - Original post - cached version

Understanding a little bit of the history of classical liberalism can help us better appreciate its continuing importance for freedom, prosperity, and peace.

FEE - 2018-07-17 - Original post - cached version

"Those who see their lives as spoiled and wasted crave equality and fraternity more than they do freedom. If they clamor for freedom, it is but freedom to establish equality and uniformity. The passion for equality is partly a passion for anonymity: to be one thread of the many which make up a...

FEE - 2018-07-16 - Original post - cached version

If we want more productive behavior, we want the lowest possible marginal tax rates so people have the greatest possible incentive to generate more prosperity.

FEE - 2018-07-16 - Original post - cached version

It seems almost embarrassing to have to rehearse the case for free markets and free trade, a case thoroughly established centuries ago by the likes of Adam Smith and especially Frederic Bastiat.

FEE - 2018-07-16 - Original post - cached version

The problem of climate change will not be solved by electing the right politicians or by the signing of a bill in Congress. Instead, advances in technology will lead the developed world toward an energy regime that is cleaner, cheaper, and more efficient. 

FEE - 2018-07-16 - Original post - cached version

Milton Friedman’s economic logic and wisdom about trade are just as relevant, cogent, and convincing today as they were almost half a century ago in 1970.

FEE - 2018-07-16 - Original post - cached version

The gig economy and unschooling share common traits. Independent contractors who choose freelance work are often frustrated by traditional work arrangements and rigid schedules and are seeking more freedom, flexibility, and autonomy. Similarly, many unschooling parents find conventional...

FEE - 2018-07-16 - Original post - cached version

After signing the Magna Carta, King John immediately appealed to the pope to annul that pesky referendum on and limitation of his power. Pope Innocent gladly obliged; he would have made a good president of the European Union today, refusing to accept any of the national referendums that rejected...

FEE - 2018-07-15 - Original post - cached version

Sanders shifts between methodologically different scales and measures and drops context-free “data bombs” intended to shock and awe. His entire thesis is one opaque mixture of substance and hyperbole.

FEE - 2018-07-15 - Original post - cached version

Given the economic misery of the 1930s, it should be obvious that copying the awful policies of Hoover or Roosevelt is never a good idea.

FEE - 2018-07-15 - Original post - cached version

Friends of freedom, including many of those who strongly believed in and fought for representative and democratically elected government in the eighteenth and nineteenth centuries, often expressed fearful concerns that “democracy” could itself become a threat to the liberty of many of the very...

FEE - 2018-07-14 - Original post - cached version

If Congress allowed the sale of all federal lands, the revenues could fund a sizable portion of the national debt. Billions of dollars per year could be saved since land management agencies' bureaucracy would be downsized. Additionally, privatization could create thousands of jobs in...

FEE - 2018-07-14 - Original post - cached version

The February-May 16.4% increase in the CPI for washing machines is just the first of many price increases on U.S. consumers and firms from Trump’s trade war that are guaranteed to lead to net job losses and impoverish, not enrich Americans.

FEE - 2018-07-14 - Original post - cached version

It’s nonsensical to argue that oil-rich Norway somehow provides evidence for the overall notion of democratic socialism. It’s sort of like looking at data for Kuwait and asserting that the best economic system is hereditary sheikdom.

FEE - 2018-07-13 - Original post - cached version

Occupational licensing has exploded over the past half-century. In the 1950s, only five percent of jobs required licenses—now almost 30 percent of jobs do.

FEE - 2018-07-13 - Original post - cached version

Basic economics says that falling unemployment should lead to faster wage growth. With fewer and fewer workers unable to find a job, the pressure mounts on businesses to increase pay in order to attract relatively scarce workers. And wages are growing. But not as fast as many expect.

FEE - 2018-07-13 - Original post - cached version

A big breakthrough came when she began giving product away. While her facial creams worked wonders, they did not always drive demand. So she’d sell lipstick or a fragrance, and include a small sample of the cream. Thus began “gift with purchase.” The giants of the industry let her know she would...

FEE - 2018-07-13 - Original post - cached version

The bottom line is that even trivial pro-growth reforms are worth the effort—even if it takes a few years for the growth to materialize or if the growth only lasts for a limited period of time.

FEE - 2018-07-13 - Original post - cached version

Let’s examine an iPhone 7 a little more closely to see how much value China is actually getting.

Start with the most valuable components that make up an iPhone: the touch screen display, memory chips, microprocessors and so on. They come from a mix of U.S., Japanese, Korean and Taiwanese...

FEE - 2018-07-13 - Original post - cached version

Twenty-eight-year-old, self-proclaimed “democratic socialist” Alexandria Ocasio-Cortez recently upset ten-term Democratic congressman Joe Crowley in the Bronx. Ocasio-Cortez was an immediate media sensation. The New York Times called her “an instant political rock star.” Appearing on the Late...

FEE - 2018-07-12 - Original post - cached version

Eastman was the “total entrepreneur”—marketing genius, financial wizard, great employer, both a visionary and a hands-on inventor and designer.

FEE - 2018-07-12 - Original post - cached version

Recent research suggests teachers are not usually dismissed for poor performance, but rather, for not going through the mechanics of being a good employee. That's a problem.

FEE - 2018-07-12 - Original post - cached version

Does a gun guarantee your safety? No, but it gives you the ability to defend yourself against an armed, physically superior, or mentally unstable attacker.

FEE - 2018-07-12 - Original post - cached version

If we allow government to interfere with the economic desires of every human in the free market—to interfere with the right to free trade—we will have pretty much conceded all power to the government. That leaves liberty forever in jeopardy and severely compromised.

FEE - 2018-07-12 - Original post - cached version

The streaming giant's colossal success proves pundits and regulators don’t know any better than you or I how a merger will turn out.

FEE - 2018-07-12 - Original post - cached version

As I remember the story, sometime in 1938, the infant Kal-El, born on the planet Krypton, was sent unaccompanied to the United States by his scientist father Jor-El to escape the imminent destruction of Krypton. He was discovered by a farm couple from Kansas and raised as their son Clark Kent....

FEE - 2018-07-11 - Original post - cached version

Many people, including antitrust authorities and trade officials, continue to treat predatory pricing as a plausible means of monopolizing markets. But all governments and all courts everywhere would, if they were sincerely committed to keeping markets as competitive as possible, announce loudly...

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