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FEE - 2019-07-16 - Original post - cached version

In a randomized controlled trial among 1,634 high school youth in Chicago, assignment to a summer jobs program decreased violence by 43 percent over 16 months.

FEE - 2019-07-16 - Original post - cached version

Yesterday I tossed money onto Adam Smith's grave. I was not the first to do so, nor will I be the last, especially as we near the anniversary of his death: July 17, 1790.

FEE - 2019-07-16 - Original post - cached version

The federal government spends $14 billion a year on subsidies for local rail and bus transit. Unfortunately, these subsidies encourage bad behavior and bad choices by states and cities.

FEE - 2019-07-16 - Original post - cached version

The solution lies in paying male and female athletes an equal flat fee with a bonus determined as a share of the sponsorship revenue for each match. It’s the fairest, most free-market way to resolve the pay dispute in intra-sex national and international-level competitive sports.

FEE - 2019-07-15 - Original post - cached version

As Christopher Mims writes at The Wall Street Journal, “In reality, these services are anything but free. We just don’t pay for them in the way we’re used to.”

FEE - 2019-07-15 - Original post - cached version

Data show that rich countries that adhere to a welfare state model are not the most generous ones. When we check the Charities Aid Foundation World Giving Index, France is 72nd on the list of generosity. Denmark is 24th, Belgium is 39th. On the other hand, Ireland and the US⁠⁠—both of which have...

FEE - 2019-07-15 - Original post - cached version

New proposed legislation by U.S. senators Mark R. Warner and Josh Hawley seeks to protect privacy by forcing tech companies to disclose the “true value” of their data to users. Lawmakers will quickly realize that estimating the value of user data is a challenging undertaking.

FEE - 2019-07-15 - Original post - cached version

In our career and business endeavors, there are many things beyond our control. But we are free to define success for ourselves (whether in monetary terms or by social impact), and we are free to choose our perspective on our work and workplace.

FEE - 2019-07-14 - Original post - cached version

In Germany’s capital, Berlin, where rents have experienced a particularly sharp rise, it now takes 12 years to draft and approve a zoning plan.

FEE - 2019-07-14 - Original post - cached version

Working from home is starting to become the “millennial dream,” but without hard work, it can be difficult to make it a reality. Here are some easy ways to get started.

FEE - 2019-07-14 - Original post - cached version

Ralph Lazo, a Mexican-American from southern California, was 17 when the Japanese bombed Pearl Harbor in December 1941. When he saw some of his best Japanese friends rounded up by the US government to be shipped off to desert camps, he did something incredible: he went with them.

FEE - 2019-07-13 - Original post - cached version

The IRS created a program in 1996 that allows non-citizens residing in the USA who are earning money to report their income. Most undocumented immigrants have decided it’s worth the risk to document themselves as law-abiding taxpayers so they will have good standing legally and socially if one...

FEE - 2019-07-13 - Original post - cached version

Alfred Sommer was born in New York City on October 2, 1942. Sommer attended Union College in Schenectady, New York. He graduated summa cum laude with a Bachelor of Science in biology and a minor in history in 1963. After finishing his bachelor’s degree, Sommer attended Harvard Medical School...

FEE - 2019-07-13 - Original post - cached version

The government benefits didn’t create the wealth of these nations—the wealth of the populous created the government benefits.

FEE - 2019-07-12 - Original post - cached version

It is well-documented that civil asset forfeiture disproportionately affects minorities and the poor. But this week, one governor bucked the nationwide reform trend by vetoing a bill that would have placed new limits on the controversial practice.

FEE - 2019-07-12 - Original post - cached version

Why does the price of Bitcoin change so much from day to day? The answer is simple.

FEE - 2019-07-12 - Original post - cached version

Despite the FDA's horrendous track record in trying to figure out the “ideal” human diet, the agency is pushing dubious data showing a link between dog food and heart disease.

FEE - 2019-07-12 - Original post - cached version

Despite the fact that we’re wealthier, drowning in an ocean of entertainment, and have legions of “self-help” gurus acting as lifeguards, the World Happiness Report reveals that general levels of happiness have been in steady decline. It doesn't have to be this way, however.

FEE - 2019-07-12 - Original post - cached version

In adulthood, we may need to unlearn some of what we were taught and embrace self-education for career success and personal fulfillment. Trade conformity for creativity, obedience for curiosity, and compliance for exuberance.

FEE - 2019-07-11 - Original post - cached version

The BBC recently published an article highlighting Leonard Read’s immortal essay “I, Pencil.” Unfortunately, the critique falls prey to several errors.

FEE - 2019-07-11 - Original post - cached version

Strangely, when economists analyze public policies, they keep trying to measure well-being, not efficiency. Why?

FEE - 2019-07-11 - Original post - cached version

The idea that the public should be well-informed about local, regional, national, and global events is misguided and harmful. The impossible standard of the “informed citizen” leads to constant disillusionment of intellectuals with the public. The result is a perceived gulf between the “educated...

FEE - 2019-07-11 - Original post - cached version

The Golden Rule demands that we respect each other’s differences, find common ground, and deal with each other voluntarily. Compulsion is as incompatible with the Golden Rule as fraud.

FEE - 2019-07-10 - Original post - cached version

Restaurants Unlimited, a Seattle-based chain with restaurant locations in 47 US cities that has operated since the LBJ administration, announced on Sunday it was seeking Chapter 11 protection, citing “progressive” wage laws.

FEE - 2019-07-10 - Original post - cached version

While Democrats and Republicans are largely coming at this issue from different directions, both have found reason in recent years to question the decades-old consensus that has made trade policy the prerogative of the executive branch.

FEE - 2019-07-10 - Original post - cached version

When we hear despots like Putin decry the value of liberal ideas, we should simply take a look at the numbers.

FEE - 2019-07-10 - Original post - cached version

Psyche has a lot of gold—about $10,000 quadrillion worth at current prices. The eye-catching headlines that claim it’s enough gold to make “everyone on earth a billionaire” are, of course, complete fantasy.

FEE - 2019-07-09 - Original post - cached version

Ross Perot, the billionaire entrepreneur, has died at 89. Perot had a positive impact on American politics. He made spending, deficits, and debt a real political issue, and that surely played a role—along with the booming economy—in bringing down deficits during the Clinton administration.

FEE - 2019-07-09 - Original post - cached version

Despite critics and naysayers, Facebook's new currency could be a force for much good, seems to have well-designed elements at the outset, and is not as risky as it is being made out to be. Here’s why.

FEE - 2019-06-16 - Original post - cached version

Americans, especially students, are being whipped into a panic over the allegedly existential threat of climate change. Yet the actual research, summarized in the UN’s own periodic reports and in the research of a Nobel laureate in the field, shows that at best only a modest “leaning against the...

FEE - 2019-06-16 - Original post - cached version

In a case study of 367 university students, those who rose earlier more frequently expressed personal agreement with proactive statements such as, “I spend time identifying long-range goals for myself,” and “I feel in charge of making things happen.”

FEE - 2019-06-16 - Original post - cached version

Recognizing self-respect as a core part of self-love may be a puzzle to those whose worldviews and/or models assume it away, but it was understood by Adam Smith well over two centuries ago.

FEE - 2019-06-15 - Original post - cached version

The Social Security trustees issued their annual report on the program’s financial condition earlier this year, along with their companion report on Medicare. As in previous years, these reports contain sobering news that lawmakers and the public need to know.

FEE - 2019-06-15 - Original post - cached version

According to the Vera Institute of Justice, "fewer than five percent" of arrests are for serious violent crimes. The vast majority of arrests involve non-serious offenses like “drug abuse violations” and disorderly conduct.

FEE - 2019-06-15 - Original post - cached version

Once established, a government’s military, its bureaucrats and leaders, as well as laymen all face a different set of incentives.

FEE - 2019-06-15 - Original post - cached version

We must develop our ability to “see” the unseen (and often unimagined) good that can only be accomplished by freeing people’s ability to peacefully create and innovate. We must also be able to see the inherent failings of coercion.

FEE - 2019-06-14 - Original post - cached version

The latest policy, proposed by the state's Democrats, will likely have unintended consequences.

FEE - 2019-06-14 - Original post - cached version

The term “kin work” refers to the labor of rearing and nurturing children, both inside a family and throughout a community. But is kin work really off-market?

FEE - 2019-06-14 - Original post - cached version

America still continues as a hope and a reality of the possibility and potential for liberty and prosperity for tens of millions who came to the United States from many other parts of the world. The spirit of individualism was to shoulder those responsibilities yourself as a free and responsible...

FEE - 2019-06-14 - Original post - cached version

“Pearl Harbor didn’t work so we got you with tape decks,” quipped Die Hard’s doomed Mr. Takagi.

But the war never came. Why not?

FEE - 2019-06-13 - Original post - cached version

Unlike the conventional welfare state, the UBI doesn’t try to micro-manage human behavior. But...

FEE - 2019-06-13 - Original post - cached version

The bill, which moved through the California Senate last month, seeks to eliminate the role of doctors in granting medical exemptions for vaccines required for school attendance, giving the authority to the California Department of Public Health (CDPH) instead.

FEE - 2019-06-13 - Original post - cached version

Using a $25 loan he obtained by using his car as a security deposit, he purchased a soap load and began selling it door-to-door. He was so successful in this endeavor that he invested another $1,000 in the South Side Chicago enterprise.

FEE - 2019-06-13 - Original post - cached version

While many people are watching the new HBO show Chernobyl—poised to become the new Game of Thrones based on its ratings and reviews—I went to Ukraine to see the actual Exclusion Zone.

FEE - 2019-06-12 - Original post - cached version

As learned from painful experiences in the US and elsewhere, price controls only “succeed” in causing shortages, which prompts rationing. If it isn't Soviet breadlines, it's cars lined up for blocks waiting to buy gasoline in the Nixon-era 70s.

FEE - 2019-06-12 - Original post - cached version

While it's fashionable to talk about Venezuela and its notorious shortage of basic goods like toilet paper, flour, and milk, Cuba is now implementing a rationing program to combat its very own shortages of basic goods.

FEE - 2019-06-12 - Original post - cached version

Marty Feldstein, one of the most influential economists of his generation, died yesterday. He was 79. 

FEE - 2019-06-12 - Original post - cached version

On June 12, 1987—32 years ago today—at the Brandenburg Gate in Berlin, Germany, President Ronald Reagan made his famous and history-changing demand: “Mr. Gorbachev, tear down this wall!”

FEE - 2019-06-12 - Original post - cached version

As the state expands and sprouts like weeds in an untended garden, fiat money strangles—even destroys—individual freedom and liberty. To support economic progress and a sophisticated monetary sphere, a currency must be compatible with some form of financial intermediation.

FEE - 2019-06-12 - Original post - cached version

Politics in California is sometimes crazy, but are lawmakers really contending that some renewable energy is not renewable energy?

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