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No matter what economic system you live under, scarcity still exists, and choices have to be made along some margin. Socialism trades prices and the knowledge bundled within for politics, bureaucracy, and oversight.
Critics often try to make capitalism seem like a very negative thing. However, it is actually difficult to make individuals who own themselves and their property, dealing with one another voluntarily rather than coercively—the essence of capitalism—sound like a bad thing. So they turn to...
Mr. President, We are suffering from the ruinous competition of a rival who apparently works under conditions so far superior to our own for the production of light that he is flooding the domestic market with it at an incredibly low price. This rival, which is none other than the Sun. We ask...
Constitution Day is observed every year to remember the Founding Fathers signing the Constitution on September 17, 1787. Here are five facts you need to know about the Constitution...
Income bigotry is on full and proud display in modern politics. It would be both unpopular and stupid to express a dislike for “the poor” as an income group. Yet if you listen to presidential “debates” carefully, you’ll easily see a very different perspective with regard to "the rich."
This visual overview of the nine stages in the evolution of governance suggests humanity is on the cusp of another great transition.
If we want to actually improve America’s health care system, what it needs is more freedom and more choice, not less. Markets work, even with health care.
The more good things you demand in one area, the fewer good things you should expect in another. Life is about trade-offs. There’s no such thing as a perfect job. If there were ever such a thing as a perfect job, it wouldn’t last.
As Sheldon Richman summarized, "If under capitalism only the fit survive, it seems to have a knack for making people fit." Rather than eliminating the less-abled, capitalism has made far more people fit not only to survive but also, increasingly, to prosper.
If launching a business is so challenging and uncertain, why is it so alluring?
Democratic candidates bashed the plan of Sen. Bernie Sanders and Sen. Elizabeth Warren to abolish private health insurance and force Americans into a single-payer system.
"While Bernie wrote the bill, I read the bill. And on page eight of the bill, it says that we will no longer have...
Diabetes has plagued humanity for thousands of years, but even a century ago there were no effective treatments.
Today, housing consumes over 30 percent of our income for most of us, and those in the lowest 20 percent of income bracket are paying almost 40 percent of their income for housing.
Last week, The Atlantic noted, was “the fourth time in three presidential debates” Sen. Warren refused to answer a direct question on how she'll pay for Medicare for All. There's a reason she's not talking.
At the moment, regulation costs are bleeding us dry, amounting to around $4 trillion in 2012 alone. The price tag keeps growing, as does the number of regulations.
The “Great Vape Scare of 2019” is well underway, as more than 380 people have been diagnosed with a severe lung condition that has been traced back to the use of e-cigarettes and THC vaping devices.
If we really want to know how this problem came about, we need to look at the role...
California’s passage of their worker status bill will harm the economy of California and grow the gig economy in surrounding states. As freedom recedes in California, people will vote with their feet. As they move, they will help spread natural liberty.
“The Founders’ view of the jury as being of paramount importance in defending liberty is easily seen when examining the words of the Constitution... No other right is mentioned so frequently... or has as many words devoted to it.”
- Justice William Goodloe
At around $22.5 trillion, the United States national debt sits at 106 percent of GDP. There is no disputing that this gigantic debt will someday become due and payable.
New evidence has emerged that makes it clear Medicare for All would further increase, not reduce, national health spending.
FEE President Emeritus Lawrence W. Reed was recently interviewed in Mexico City by Sergio Sarmiento on TV Azteca, Mexico’s second-largest TV station.
According to research by the Economic Policy Institute (EPI), the teacher shortage could reach 200,000 by 2025. Dr. Richard Ingersoll of the University of Pennsylvania says teacher turnover is mostly driven by dissatisfaction. But dissatisfaction with what?
Bernie Sanders presumes to know better what people should want than do the people themselves. But he doesn’t know better, and he proves as much regularly.
For young people mapping out a career plan, knowing which jobs are projected to grow can offer a significant edge. But knowing which jobs are disappearing the fastest can be just as useful.
The latest ill-conceived policy from California is a statewide rent cap, a policy economists overwhelmingly oppose. Why are economists so overwhelmingly against rent controls? Here are two big reasons.
"While sunshine and wind is obviously clean, the infrastructure we need to capture it is not. Far from it."
Many parents take for granted that the local public school option or the type of school they (parents) attended will automatically be the best option. What happens when that is not the case?
Debates between academics seldom go mainstream, but this one matters.
If Warren becomes the next president, America will most likely see its wealthiest citizens flee the country—along with their capital and moveable assets—before this policy has a chance to go into effect.
Bernie Sanders is not wrong about China's success eradicating extreme poverty. But Fan Gang, perhaps China’s most famous economist, in 2005 explained that China's economic success stemmed from privatizing state enterprises.
As the Nobel Prize-winning economist argued 75 years before the age of Bernie Sanders, Elizabeth Warren, and AOC, “democratic socialism, the great utopia of the last few generations, is simply not achievable.”
There's been a lot of alarm-ringing after more than 300 cases of vaping-related illnesses in recent months. Not only is this the result of black-market THC vapes being laced with contaminants, vaping also happens to be the safest alternative to smoking there is, and pressures to curb vaping can...
The technology and infrastructure exist for plant-based vaccines and therapies to transform medicine. What’s missing is a regulatory framework that will attract drug companies and entrepreneurs.
While trying to predict the economic future can be tricky, the forecasts can be instructive, particularly for young people deciding what kind of career they’d like to pursue.
Data show the suicide rate for US teenagers and young adults is the highest on record. Parents are right to be worried.
The most expensive government in human history is bankrupt, and neither the candidates for its highest office nor journalistic moderators charged with questioning them have deemed it important enough to discuss in the presidential debates.
One of the biggest indicators of professional growth is learning to openly confront our feelings. If we bury our feelings and run from conflict, not only does it undermine our work but it doesn’t help us grow professionally or personally. But is it appropriate to let it all out in the workplace...
A talent recruiter says young professionals should avoid these 10 common pitfalls when hunting for jobs.
The official “unemployment rate” in the US is nearing historic lows, according to a recent announcement. For young readers, especially, this may come as a surprise. You may see your friends and family struggling to find enough well-paying work to make ends meet, and you may have personally...
The state of California has presumed to understand the wants and needs of each gig economy worker through the passage of AB5 and the entire gig economy may suffer as a result.
A decade from now, the labor participation rate of young people will barely be higher than the period following the Great Recession.
Somewhere between a third and a half of the world’s economies are freer than Mexico’s. If the country’s leaders and intelligentsia had followed the advice of a distinguished visitor almost 80 years ago, Mexico might well be in the top five today—right up there with Switzerland and Singapore.
Bill de Blasio's proposed restrictions on automation amount to requiring innovators to ask, "Mother, may I?" every time they see a possible improvement to our jobs and our lives.
Rand Paul understands the implications of price controls better than most.
According to Dan Nepstad, a lead author on the United Nations' Intergovernmental Panel on Climate Change report, 2019’s fires are about the same as 2016 and far less than many other recent years. Deforestation is down significantly—about 70 percent—since peaks in the mid-2000s.
Andrew Yang and Bill de Blasio are very concerned about robots taking people's jobs. Machines will replace humans. Artificial intelligence will outpace people. But is there any validity to it?
Not really.
Data from conservation groups and the government show that the polar bear population is roughly five times what it was in the 1950s and three or four times what it was in the 1970s when polar bears became protected under international treaty.
Examining students in three states—California, Wisconsin, and Florida—researchers found "that 20-40% of elementary and middle school students perform at least one grade level above their current grade in reading." Yet just one percent of students are moved ahead, The Acceleration Institute...
Wealthier people are more able to cope with climate change and are overall less likely to die from all-natural causes than the very poor. Whatever the ill effects of climate change, the funds needed to keep people safe will be far more abundant in the future than they are now.
The surest way to make a product or service more expensive is to inflate demand while restricting supply. As it happens, this is precisely what government policies have been doing for decades to America's health care sector.
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