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FEE

FEE - 2020-06-06 - Original post - cached version

Defenders of looting and violence have taken to quoting Martin Luther King Jr. on riots as the "the language of the unheard." Let's be crystal clear then about his thoughts on the matter, as fully expressed in his "The Other America" speech from 1967.

FEE - 2020-06-06 - Original post - cached version

To produce a similar burrito without Chipotle would require raising your own cows, avocados, poultry, pigs, tending to a vegetable garden, and managing a rice crop.

FEE - 2020-06-06 - Original post - cached version

According to The Wall Street Journal, the teen unemployment rate is the highest it’s been since at least 1948. Summer jobs that teenagers typically fill, such as lifeguard, camp counselor, or golf caddie, have also dried up, and many companies have rescinded their summer internship offers.

...
FEE - 2020-06-06 - Original post - cached version

Not only has rioting, looting, and arson destroyed the livelihoods of many individual black and minority business owners, it also undercuts the economic foundation of urban and minority communities.

FEE - 2020-06-06 - Original post - cached version

Looting is wrong. Blaming the wrong people for looting is wrong. Using the wrongness of looting to drown out discussions about what preceded the looting is wrong. All of the aforementioned things are wrong, but the key to finding a solution lies in identifying a more subtle form of wrong that...

FEE - 2020-06-05 - Original post - cached version

As economist Robert Higgs argued, the Great Depression lasted so long chiefly because of “regime uncertainty,” which he defined as, “a pervasive lack of confidence among investors in their ability to foresee the extent to which future government actions will alter their private-property rights...

FEE - 2020-06-05 - Original post - cached version

Historically, Tiananmen Square held great significance in Chinese politics. It was the place where the May Fourth Movement of 1919 occurred, when students’ protests aired grievances with the Chinese government’s tepid response to the Treaty of Versailles, which awarded Japan territories in the...

FEE - 2020-06-04 - Original post - cached version

It is painful to watch our national crisis unfold. As American cities descend into chaos, small businesses continue to collapse, and millions are thrown out of work, two lines from a poem by William Butler Yeats comes to mind:

Things fall apart; the centre cannot hold;

Mere anarchy...

FEE - 2020-06-04 - Original post - cached version

As Dr. King counseled, we must seek more than immediate, “feel-good” fixes. As history shows, improving the world is a multi-generational project by countless individuals, so despite the fact that we often feel impatient to fix things once and for all, we cannot reasonably expect to end this...

FEE - 2020-06-03 - Original post - cached version

Justin Amash writes:

"The brutal killing of George Floyd by Minneapolis police is merely the latest in a long line of incidents of egregious police misconduct.

This pattern continues because police are legally, politically, and culturally insulated from consequences for violating...

FEE - 2020-06-02 - Original post - cached version

Because of indiscriminate lockdowns, we are all not only poorer materially, but also we are missing the vital creation of social capital, which is the value of each of the relationships we have and maintain.

FEE - 2020-06-02 - Original post - cached version

One of the overlooked factors of George Floyd’s senseless and tragic death was that the wheels of justice were turning even as the protests across the United States descended into riots and street anarchy.

FEE - 2020-06-01 - Original post - cached version

Reuters recently reported, "As nations around the world seek to end the restrictive lockdowns designed to curb the spread of COVID-19, many expressed worry that reopening schools could result in a surge of coronavirus cases. That did not happen in Denmark."

Similar findings were reported...

FEE - 2020-06-01 - Original post - cached version

What the pandemic has done is provide an excuse for governments to justify the mass collection of geo-location data. As we’ve pointed out, there is currently no way in which these data can be collected whilst respecting users’ fundamental right to privacy. There is no legal process for mandating...

FEE - 2020-05-31 - Original post - cached version

The big destroyer of theme park operations will be social distancing. When a ride vehicle comes into the loading platform, the employees may have to disinfect it, then load it with each rider separated by one or more rows. The result is that the ride that had a capacity of a 1000 people per hour...

FEE - 2020-05-30 - Original post - cached version

The results are a surprise.

Economists had projected a 0.6% contraction in the first quarter, and annual projections were much worse. As recently as April 30, Sweden’s central bank, the Riksbank, was predicting an economic contraction between 6.9 and 9.7 percent for 2020.

Sweden's...

FEE - 2020-05-29 - Original post - cached version

"The inducements of capitalism compel the money-makers to do good; the inducements of socialism enable the power-holders to do harm."

FEE - 2020-05-29 - Original post - cached version

Economic health is the strongest asset for public health because economic activity is the only means of bringing all the necessary components of fighting infectious disease into abundance.

Therefore, it is in the best interest of public health to keep our economic health strong to slow...

FEE - 2020-05-29 - Original post - cached version

Just a few closures of meat packing plants are putting the entire meat industry on the brink of collapse. A congressman who also raises cattle sounded the alarm for years that burdensome regulations needed to go. Now will Congress act in time?

FEE - 2020-05-28 - Original post - cached version

Research published in the Annals of Internal Medicine found that both surgical and cloth masks proved ineffective in preventing the spread of SARS-CoV-2, the coronavirus that causes COVID-19. Unfortunately, the results were not encouraging.

To be clear, I’m not telling people not to wear...

FEE - 2020-05-28 - Original post - cached version

From its inception in 1946, the Foundation for Economic Education (FEE) has battled government encroachment into people’s lives. Why should we allow government interests to encroach on our views and work now?

That is why FEE recently turned down the forgivable government loan of...

FEE - 2020-05-28 - Original post - cached version

Some industry watchers are sure that the success of Trolls World Tour as a premium VOD spells the end of movie theaters. But then again, people have been saying that of VOD for years.

While the exact fate of the movie theater is still in question, what isn’t in doubt is that the movie-...

FEE - 2020-05-28 - Original post - cached version

As Sweden’s top infectious disease expert recently explained, Sweden’s approach to the pandemic is more orthodox than the current lockdown approach, at least compared to historical standards.

“Are the people closing society completely, which has really never been done before, more or less...

FEE - 2020-05-27 - Original post - cached version

"There are a lot of variables,” Gov. Cuomo admitted. “I understand that.”

But does he really?

"I'm sort of out of the guessing business," he proclaimed.

But is he really?

If Cuomo understood how societies work, he would realize that central planning is always a matter...

FEE - 2020-05-27 - Original post - cached version

Writing at Mother Jones, Kevin Drum says an abundance of research supports Rand Paul’s assertion that school closures are an ineffective way to contain the spread of COVID-19, and may actually increase deaths.

Drum points to five academic studies that suggest Paul is onto something.

FEE - 2020-05-27 - Original post - cached version

What if your government sentenced you to remain in your home not for a few weeks or months, but for life?

This great novel imagines how an individual finds purpose and freedom within the nightmare created by Stalin’s government. It offers valuable lessons as we face government...

FEE - 2020-05-26 - Original post - cached version

An ABC affiliate in California reports that doctors at John Muir Medical Center tell them they have seen more deaths by suicide than COVID-19 during the quarantine.

“The numbers are unprecedented,” said Dr. Michael deBoisblanc, referring to the spike in suicides. "We've never seen numbers...

FEE - 2020-05-26 - Original post - cached version

Yesterday, Japan’s nationwide state of emergency was officially lifted by Prime Minister Shinzo Abe, who declared COVID-19 to be under control in the country.

The Japanese central government did not “take control” in the wake of COVID-19, whether intentionally or accidentally. But the...

FEE - 2020-05-26 - Original post - cached version

In the midst of the hot, wet summer of 1793, Philadelphians suddenly took sick in huge numbers, leading quickly to scores of deaths each day. What did the Washington administration do in response?

Nothing. That’s all it could do. It possessed no constitutional duty in the matter and even...

FEE - 2020-05-25 - Original post - cached version

During the Great Recession, President Obama’s chief-of-staff Rahm Emanuel infamously advised, “You never want a serious crisis to go to waste.” And, sure enough, the COVID-19 threat has given politicians another crisis to promote long-sought policy goals. Some are calling for a modern version of...

FEE - 2020-05-25 - Original post - cached version

Leonard Read was an astute observer of coercive political panaceas. And he frequently started his rebuttals by citing Ralph Waldo Emerson: “Cause and effect, means and ends, seed and fruit, cannot be severed; for the effect already blooms in the cause, the end pre-exists in the means, the fruit...

FEE - 2020-05-24 - Original post - cached version

It’s an odd fact of the human condition that we take extraordinary things for granted. As soon as a good thing becomes commonplace, we assume that its presence is just the ordinary state of affairs, and we forget to be grateful for it. On the other hand, the loss of a good thing often causes us...

FEE - 2020-05-24 - Original post - cached version

A nationwide lockdown is a brutal, blunt tool. It presumes that each business, and each individual, operates in exactly the same manner, and that certain ‘experts’ (nay, philosopher kings) can best determine the path forward on behalf of over 50 million individual human beings. Hayek’s knowledge...

FEE - 2020-05-23 - Original post - cached version

In defiance of orders from their respective governors, a significant number of houses of worship will open for services beginning tomorrow. They will nonetheless be engaged in civil disobedience. Are they justified in defying the orders?

If you are in the camp that categorically opposes...

FEE - 2020-05-23 - Original post - cached version

Karl Manke has been cutting hair since 1961. In March, he closed his barbershop when Gov. Gretchen Whitmer ordered a statewide lockdown closing all “non-essential” businesses. When Whitmer extended that order to May 28, Manke decided he could not comply and opened anyway.

The 77-year-old...

FEE - 2020-05-23 - Original post - cached version

Economics not only deals with trade-offs between lives and wealth, but also lives versus lives—both without lockdowns and with them. That is, COVID-19 causes deaths, but so do lockdowns, although it is somewhat more difficult to see them in the latter case.

These casualities will be more...

FEE - 2020-05-22 - Original post - cached version

The US Centers for Disease Control and Prevention (CDC) issued its recommendations for school reopening, including encouraging daily temperature checks and/or symptom checking, face coverings for all staff and children over two, desks spaced six feet apart, staggered schedules, no cafeteria or...

FEE - 2020-05-21 - Original post - cached version

Whitmer this week was taken to task by local media for extending her nursing home order.

“Elderly people have needlessly been exposed to the virus and died as a result of this order,” read an editorial in The Detroit News. 

The editorial reported that one local lawmaker, who could...

FEE - 2020-05-21 - Original post - cached version

For years, we have warned that continued deficit spending would paint the Federal Reserve into a corner wherein monetary policy would become a slave to fiscal policy. To avoid government default, confiscatory taxes, government shutdown, or a combination of all three, the Federal Reserve has...

FEE - 2020-05-20 - Original post - cached version

JC Tretter, the new president of the NFL Players Association, practically channeled Milton Friedman when he explained that all actions have risks.

“There’s a level of risk to everything,” the Cleveland Browns center told the Associated Press. “You’re facing a level of risk right now going...

FEE - 2020-05-20 - Original post - cached version

As parents experience a growing cultural embrace of teleworking that can create more workplace freedom and flexibility, they may also look to grant this freedom and flexibility to their children, seeking educational options beyond a conventional classroom.

Here are four K-12 education...

FEE - 2020-05-20 - Original post - cached version

In May, a CNBC/Change Research survey found that while only 39 percent of Republicans said they had serious concerns about COVID-19, 97 percent of Democrats said they had serious concerns.

While some of the divergence could stem from the fact that blue states have been hit harder by the...

FEE - 2020-05-20 - Original post - cached version

Economies are resilient when people can quickly switch from doing what is no longer needed to doing what is demanded. There is no way to isolate people from what is happening in the world by showering them with newly printed money. Flexibility, not rigidity provides strength, and that is a...

FEE - 2020-05-19 - Original post - cached version

Massive government debt, sky-high unemployment, the economy frozen, idle workers receiving payments from the government. This might sound like COVID-19, but I am actually talking about post-World War I Germany.

FEE - 2020-05-19 - Original post - cached version

Anders Tegnell, Sweden's top infectious disease expert, has expressed doubt that the world's lockdown strategy is grounded in firm science. 

A recent New York Times article, which traces the origins of US social distancing policy to a 2005 library trip by George W. Bush and a teenage girl...

FEE - 2020-05-19 - Original post - cached version

The economist Thomas Sowell reminds us, “The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it.” Security also happens to be a scarce resource. There’s simply not enough boots on the ground that can guarantee all 300 million Americans...

FEE - 2020-05-18 - Original post - cached version

Due to the immense respect towards medical personnel, I explained to her that I had already served my quarantine time and that I was supposed to be self-isolating at home.

She told me that she did not care if I had already spent time in quarantine and that everything would be as she would...

FEE - 2020-05-18 - Original post - cached version

Harvard University publications continue to present a skewed perspective of homeschooling. This time, Harvard Law School professor Elizabeth Bartholet is attacking the practice of homeschooling over concerns of child abuse.

Bartholet’s rationale is that, while most homeschooling parents...

FEE - 2020-05-17 - Original post - cached version

Why do so many people think that because Jesus endorsed charitable giving, he would also embrace a compulsory welfare state? There’s a world of difference between the two. If I recommend that you read a book, would you assume I would support the state forcing you to read it? When your mother...

FEE - 2020-05-17 - Original post - cached version

Why do so many people think that because Jesus endorsed charitable giving, he would also embrace a compulsory welfare state? There’s a world of difference between the two. If I recommend that you read a book, would you assume I would support the state forcing you to read it? When your mother...

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