FEE Founded in 1946, the Foundation for Economic Education (FEE) supports the economic, legal, and ethical principles of a free society. FEE, the first free-market organization in the United States, was founded in 1946 by Leonard E.
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Read to study and advance the freedom philosophy. FEE has published or hosted lectures by some of the finest minds of the modern age, including Ludwig von Mises, F.A. Hayek, Henry Hazlitt, Milton Friedman, James Buchanan, Vernon Smith, Israel Kirzner, Walter Williams, George Stigler, Frank Chodorov, John Chamberlain, F.A. “Baldy” Harper, and William F. Buckley, Jr., among many others. FEE is a non-political, non-profit, tax-exempt educational foundation and accepts no taxpayer money. FEE is supported solely by contributions from private individuals, foundations, and businesses and by the sale of our publications. FEE is proud to adhere to the strictest of standards in financial and programmatic transparency, earning among the highest ratings from both Charity Navigator and GuideStar.

Read to study and advance the freedom philosophy. FEE has published or hosted lectures by some of the finest minds of the modern age, including Ludwig von Mises, F.A. Hayek, Henry Hazlitt, Milton Friedman, James Buchanan, Vernon Smith, Israel Kirzner, Walter Williams, George Stigler, Frank Chodorov, John Chamberlain, F.A. “Baldy” Harper, and William F. Buckley, Jr., among many others. FEE is a non-political, non-profit, tax-exempt educational foundation and accepts no taxpayer money. FEE is supported solely by contributions from private individuals, foundations, and businesses and by the sale of our publications. FEE is proud to adhere to the strictest of standards in financial and programmatic transparency, earning among the highest ratings from both Charity Navigator and GuideStar.

Mission: The Foundation for Economic Education (FEE) is a non-political, non-profit, tax-exempt educational foundation and has been trusted since 1946 to captivate and inspire tomorrow’s leaders with sound economic principles and the entrepreneurial spirit with free online courses, top-rated in-person seminars, free books for classrooms, as well as relevant and worldly daily online content. FEE's mission is to inspire, educate, and connect future leaders with the economic, ethical, and legal principles of a free society. These principles include: individual liberty, free-market economics, entrepreneurship, private property, high moral character, and limited government.

Operating as usual

10/30/2020
The Horrible Economics of 80s Horror

As fans of Out of Frame may already know, Hollywood isn’t really the biggest advocate of free-market capitalism (“It’s just business!”). But this sentiment isn’t limited to hardline dramas like ‘Wall Street’ or ‘The Godfather’—it’s also prevalent in MANY horror movies, such as John Carpenter’s 80s sci-fi horror flick, ‘They Live.’

(MINOR SPOILERS AHEAD)

In the movie, we’re presented with a drifter who slowly realizes the world around him is a false reality. As it turns out, there’s a class of aliens who have infiltrated society as bankers, politicians, rulers, and wealthy socialites. Through their scheming to get rich and control the world, they’ve turned ordinary folk into a horde of mindless consumers who do nothing but obey the commands they’re given. (Obey! Consume! Conform! Submit!)

The connection is made explicitly clear toward the end of the movie as one alien admits, “It’s business! That’s all it is!” Yet again, the free market is scapegoated as what’s wrong with the world.

But what the movie misses—as do many others—is that the problems of the world aren’t caused by a single person, a single group, or a single force—they’re caused by us.

That is, each individual has agency and personal responsibility for the outcomes they experience in life. Rather than project blame unto the other, the world is made better by those who decide that it’s up to them.

Are there any movies you can think of that get this right? Let us know in the comments.

______________________________
CREDITS:

Produced by Sean W. Malone
Written by Jen Maffessanti & Sean W. Malone
Edited by Paul Nelson
Asst. Edited by Jason Reinhardt

Halloween is almost upon us!
10/30/2020
Why Halloween Costumes Used to Be Terrible | Richard N. Lorenc

Halloween is almost upon us!

There are many different ways that economists attempt to illustrate how much wealthier we have become over the past few decades and centuries. From the crude yet popular measurement of increasing GDP per capita to showing just how cell phones have miniaturized from their earliest days to become more...

Perhaps if the government demanded less (coercively), people would give more voluntarily.
10/29/2020
What If Charity Replaced Taxation? | Jean Vilbert

Perhaps if the government demanded less (coercively), people would give more voluntarily.

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 h...

10/29/2020

As fans of Out of Frame may already know, Hollywood isn’t really the biggest advocate of free-market capitalism (“It’s just business!”). But this sentiment isn’t limited to hardline dramas like ‘Wall Street’ or ‘The Godfather’—it’s also prevalent in MANY horror movies, such as John Carpenter’s 80s sci-fi horror flick, ‘They Live.’

(MINOR SPOILERS AHEAD)

In the movie, we’re presented with a drifter who slowly realizes the world around him is a false reality. As it turns out, there’s a class of aliens who have infiltrated society as bankers, politicians, rulers, and wealthy socialites. Through their scheming to get rich and control the world, they’ve turned ordinary folk into a horde of mindless consumers who do nothing but obey the commands they’re given. (Obey! Consume! Conform! Submit!)

The connection is made explicitly clear toward the end of the movie as one alien admits, “It’s business! That’s all it is!” Yet again, the free market is scapegoated as what’s wrong with the world.

But what the movie misses—as do many others—is that the problems of the world aren’t caused by a single person, a single group, or a single force—they’re caused by us.

That is, each individual has agency and personal responsibility for the outcomes they experience in life. Rather than project blame unto the other, the world is made better by those who decide that it’s up to them.

Are there any movies you can think of that get this right? Let us know in the comments.

______________________________
CREDITS:

Produced by Sean W. Malone
Written by Jen Maffessanti & Sean W. Malone
Edited by Paul Nelson
Asst. Edited by Jason Reinhardt

The outbreak of mass rioting and looting across America is alarming in its own right, but equally chilling is the public...
10/29/2020
65% of College Students Say Rioting and Looting is ‘Justified,’ New Poll Finds | Brad Polumbo

The outbreak of mass rioting and looting across America is alarming in its own right, but equally chilling is the public’s support for the violence.

A new poll finds that college students in particular overwhelmingly believe that rioting and looting is justified.

The outbreak of mass rioting and looting across America is alarming in its own right, but equally chilling is the public’s support for the violence. A new poll finds that college students in particular overwhelmingly believe that rioting and looting is justified. 

Several US cities and counties have placed an outright ban on children’s trick-or-treating due to COVID-19 fears.These p...
10/29/2020
Trick-or-Treating Bans Are the Scariest Part of Halloween in 2020 | Kerry McDonald

Several US cities and counties have placed an outright ban on children’s trick-or-treating due to COVID-19 fears.

These policies are misguided for several reasons.

Several US cities and counties have placed an outright ban on children’s trick-or-treating due to COVID-19 fears. These policies are misguided for several reasons. 

Think extreme poverty rates rise under capitalism? Think again—the truth might surprise you.
10/29/2020
Extreme Poverty Rates Plummet Under Capitalism | Robert P. Murphy

Think extreme poverty rates rise under capitalism? Think again—the truth might surprise you.

Yes, it’s true that the rich (tend to) get richer, but the poor get richer too—especially if we look at a time span of decades or longer, and if we focus our attention on people living in countries where governments adhere to a basic respect for the rule of law and property rights.

Tragically, the COVID-19 pandemic has been a virtual laboratory for lessons in “unseen” evils that have resulted from pu...
10/29/2020
Four Newborns Die After Being Denied Heart Surgery because of COVID Travel Restrictions | Jon Miltimore

Tragically, the COVID-19 pandemic has been a virtual laboratory for lessons in “unseen” evils that have resulted from pursuing “a present good.” By imposing mass lockdowns and sweeping bans on travel and other basic freedoms, governments may have increased social distancing, but they did so at costs we may never fully understand (but are now just beginning to).

The infants “almost certainly" would have benefited from on-site surgery, said one doctor. But because of state travel restrictions and the absence of their own cardiac center, the infants failed to receive treatment that could have saved their lives.
...

Fifteen years before the publication of Solzhenitsyn’s most famous work, a 22-year-old Bob Dylan gleaned a startling tru...
10/28/2020
"My Back Pages": The Bob Dylan Song That Can Guide a Generation Lost in Protest | Jon Miltimore

Fifteen years before the publication of Solzhenitsyn’s most famous work, a 22-year-old Bob Dylan gleaned a startling truth about good and evil.

Ever the artist, Bob Dylan expressed his disenchantment with the protest movement in one of the last songs he recorded for his 1964 album Another Side of Bob Dylan. Historians say the song left many diehard fans horrified for its seeming refutation of the Jester’s earlier protest ballads.

10/28/2020
The Fed

✈️ ✈️ ✈️ ⁣

Censorship by private companies is a topic that divides free marketers but has suddenly become important in the wake of ...
10/28/2020
How to Limit Social Media's Power without Growing Government | Peter St. Onge

Censorship by private companies is a topic that divides free marketers but has suddenly become important in the wake of Twitter and Facebook’s recent attempts to squash a New York Post story alleging corruption in the Biden family.

Last year, economist James Miller argued that just as the power company can’t turn off your electricity for being a Trump supporter, social media companies shouldn’t be able to silence you for your political opinions.

Others have argued that companies can silence whomever they like because it’s their company. This is a red herring that misses the fact that reform would actually reduce government intervention by narrowing something called Section 230 immunity.

Via: Mises Institute

Censorship by private companies is a topic that divides free marketers but has suddenly become important in the wake of Twitter and Facebook’s recent attempts to squash a New York Post story alleging corruption in the Biden family.

10/28/2020
How To Reduce Marine Debris

It may be cliché to want to “save the turtles”—but did you know that hundreds of thousands of them die every year from ocean pollution? Moreover, 5.5 million pieces of garbage pollute marine environments every day. This is not sustainable, but what can be done about it?

As ocean advocate Kaylie Keim informs us, innovative companies and partnerships like NextGen Cup, Twist, and Revolution Bag are dedicating themselves toward reducing plastic and other synthetic materials that find their way to the ocean. In addition, each and every one of us can take steps to prevent trash from polluting the water by participating in beach cleanups, cleaning up after ourselves, and being mindful of the products we’re consuming.

"Originalism has featured prominently in each of the last three Supreme Court confirmation battles – those of Neil Gorsu...
10/28/2020
What Is Originalism? Debunking the Myths

"Originalism has featured prominently in each of the last three Supreme Court confirmation battles – those of Neil Gorsuch in 2017, Brett Kavanaugh in 2018 and now Amy Coney Barrett. Each time, misconceptions about this theory of constitutional interpretation have swirled: Isn’t originalism self-defeating because the Founders weren’t originalist? Don’t originalists ignore the amendments written after 1789? Do originalists think the Constitution applies only to horse-drawn carriages and muskets?

As a constitutional law professor, the author of “A Debt Against the Living: An Introduction to Originalism,” and an originalist, I’d like to answer some frequently asked questions about originalism – and to debunk some of the myths." – Ilan Wurman

Following Amy Coney Barrett's nomination to the Supreme Court, we need to dispel some of myths about the judicial philosophy of originalism

Many Americans of good faith might be earnestly surprised by how tariffs have failed to restore the manufacturing sector...
10/28/2020
Trump’s Trade War Failed to Restore Manufacturing Jobs, New Analysis Shows | Brad Polumbo

Many Americans of good faith might be earnestly surprised by how tariffs have failed to restore the manufacturing sector. But the basic rules of economics predicted this outcome all along.

Many Americans of good faith might be earnestly surprised by how tariffs have failed to restore the manufacturing sector. But the basic rules of economics predicted this outcome all along. 

On this day in 1919, Congress passed the Volstead Act, overriding a previous veto from President Woodrow Wilson to enact...
10/28/2020
6 Things We Learned from Prohibition | John Phelan

On this day in 1919, Congress passed the Volstead Act, overriding a previous veto from President Woodrow Wilson to enact alcohol prohibition.

Prohibition failed to end alcohol consumption and was repealed on December 5, 1933. Happy Repeal Day! 

☠️ ⁣
10/27/2020

☠️ ⁣

10/27/2020
How To Reduce Marine Debris

It may be cliché to want to “save the turtles”—but did you know that hundreds of thousands of them die every year from ocean pollution? Moreover, 5.5 million pieces of garbage pollute marine environments every day. This is not sustainable, but what can be done about it?

As ocean advocate Kaylie Keim informs us, innovative companies and partnerships like NextGen Cup, Twist, and Revolution Bag are dedicating themselves toward reducing plastic and other synthetic materials that find their way to the ocean. In addition, each and every one of us can take steps to prevent trash from polluting the water by participating in beach cleanups, cleaning up after ourselves, and being mindful of the products we’re consuming.

Eight million people have fallen into poverty since May, prompting calls for more welfare intervention. Trapping more pe...
10/27/2020
Why Responding to the COVID Poverty Spike With More Welfare is Cruel, Not Generous | Brad Polumbo

Eight million people have fallen into poverty since May, prompting calls for more welfare intervention. Trapping more people in a state of government dependency isn’t generous—and it isn’t sustainable. It’s cruel.

Eight million people have fallen into poverty since May, prompting calls for more welfare intervention. Trapping more people in a state of government dependency isn’t generous—and it isn’t sustainable. It’s cruel.

Join us tonight for a special discussion on the importance of election integrity, voter registration, and more.Zilvinas ...
10/27/2020
America: A Republic if You Can Keep It

Join us tonight for a special discussion on the importance of election integrity, voter registration, and more.

Zilvinas Silenas will moderate the discussion and will be joined by Heritage Foundation's Hans von Spakovsky and FEE’s Lawrence Reed.

Register now!

America's representative form of government stands or falls on the integrity of its election process, and the 2020 election is no exception. Election integrity is perhaps more crucial now than ever as Americans navigate the election amidst a nationwide ...

In this article, we will discuss the basics of institutional cryptoeconomics, along with the concept of ledgers and its ...
10/27/2020
Institutional Cryptoeconomics: Everything You Need to Know about This Blockchain Concept | Sam Bocetta

In this article, we will discuss the basics of institutional cryptoeconomics, along with the concept of ledgers and its eventual evolution. We will also touch base on the economic consequences of blockchain and the benefits that it holds for society as a whole.

In this article, we will discuss the basics of institutional cryptoeconomics, along with the concept of ledgers and its eventual evolution. We will also touch base on the economic consequences of blockchain and the benefits that it holds for society as a whole.

Four babies died in Adelaide, Australia over the last four weeks after being denied transport to Melbourne because of go...
10/26/2020
Four Newborns Die After Being Denied Heart Surgery because of COVID Travel Restrictions | Jon Miltimore

Four babies died in Adelaide, Australia over the last four weeks after being denied transport to Melbourne because of government COVID-19 restrictions, health officials say.

The infants “almost certainly" would have benefited from on-site surgery, said one doctor. But because of state travel restrictions and the absence of their own cardiac center, the infants failed to receive treatment that could have saved their lives.
...

Discussions about the merits and drawbacks of various energy sources are important. However, any plan to force the US ec...
10/26/2020
Did Joe Biden Really Say He'd ‘Close Down the Oil Industry'? | Jon Miltimore

Discussions about the merits and drawbacks of various energy sources are important. However, any plan to force the US economy off life-sustaining fossil fuels through government coercion—in 2025, as Biden said during the debate, or in 2050 as he said afterward—should be rejected.

Such a plan would be not just foolish, but dangerous to the tens of millions of Americans who rely on fossils fuels every day.

After a lively exchange over fracking, the president asked Biden a simple question: “Would you close down the oil industry?”
Here's what Biden said.

💯
10/26/2020

💯

10/26/2020
How To Reduce Marine Debris

It may be cliché to want to “save the turtles”—but did you know that hundreds of thousands of them die every year from ocean pollution? Moreover, 5.5 million pieces of garbage pollute marine environments every day. This is not sustainable, but what can be done about it?

As ocean advocate Kaylie Keim informs us, innovative companies and partnerships like NextGen Cup, Twist, and Revolution Bag are dedicating themselves toward reducing plastic and other synthetic materials that find their way to the ocean. In addition, each and every one of us can take steps to prevent trash from polluting the water by participating in beach cleanups, cleaning up after ourselves, and being mindful of the products we’re consuming.

FEE is proud to partner with American Conservation Coalition - ACC for this series of videos on how for-profit businesses and individual action can accomplish much-needed environmental conservation and protect our waters.

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FEE's mission is inspire, educate, and connect young adults, ages 14-26, with the economic, ethical, and legal principles of a free society. These principles include individual liberty, free-market economics, entrepreneurship, private property, high moral character, and limited government. FEE envisions a world where the ideas of liberty are familiar, credible and compelling to the rising generation. We believe that the free society is the only social arrangement compatible with the humane values and ethical principles of the vast majority of people, particularly those held by members of the rising generation. FEE produces nationwide seminars, classroom resources, social media, free online courses, and engaging daily content at FEE.org–all educating on the ideas of a free society. Additionally, FEE supports and connects our alumni through the FEE Alumni Network, provides professional opportunities through internships, and recognizes our most extraordinary alumni leaders with the annual Leonard E. Read Distinguished Alumni Award.

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Comments

I sorely miss The Freeman, edited by Sheldon Richman. It was the last good libertarian periodical.
Freedom-minded people, check out
Thought you might like this song.
I used to teach economics. What a great site. Love the videos!
Hey! Have you seen @ValuerAI’s latest blog post “IDENTIFYING NEW BUSINESS MODELS AND TECHNOLOGIES WITHIN SDG 13”? Check out the article and share your thoughts with us! #startups #sustainablenergy #entrepreneur #cleanenergy
Extremely Eager to Know the Main Arguments for Capitalism.
Good day. Please be safe
This may be the best debate of Free Markets vs Socialism.
Sources needed ASAP on these topics - * mail delivery in a libertarian society and * private police protection in a stateless society Jeff D.
As a long-time reader of FEE, I am hoping others here will find truth in this - and common ground with me. This is the monetary episode of my new limited series podcast, and I hope you will enjoy it. ☮️♥️🗽💰🤘🥋🥊🙏
I sent out something accidentally that was posted last year, but wanted to make sure it got out there, so...apologies if this is sent a second time: Happy Birthday to two of the greatest economic thinkers of all-time. Two people who changed me personally and professionally! One is still with us (90!)- Dr Thomas Sowell and the other's life was too short (49)- Frederic Bastiat. I am celebrating today as if they were my brothers (to my wife's chagrin:).
Princeton University plans to remove the name of former president Woodrow Wilson ?? This is an EXTREME Populism !! DEMAGOGUERY !! SHAME on Princeton University !! Thomas W. Wilson is a Great President. He contributed quite a lot to the international humanitarian progress and peaceful solutions everywhere !! Not clever solution of the "clever" people in PU !!!! SHAME ON THEM !! If the CRAZY WORLD goes that way we may return to the ancient times and remove Egyptian Pyramids and destroy all Empires’ historical developments !!