President's Year-End Letter


You and I don’t need to teach young people what to think.

We need to teach them how to think.

That’s a taller order, one which takes an entirely different approach than what they so often get in their classrooms or from the big debates of the day.

Just consider the case of ObamaCare, which is rapidly becoming the biggest, most expensive, most disastrous economics lesson this country has ever experienced.

This whole mess could have been avoided if only more people, from leaders in Washington to elites in industry to voters across the country, had asked the right questions from the beginning.

  • They needed to ask, what will the long term costs and effects of this policy be
  • They needed to ask, what are the unintended consequences that will come as a result of this plan
  • And they needed to ask, why should we trust the government to do this

Had they asked those questions, they’d have saved themselves and the country a lot of grief. 

Americans see the failures of ObamaCare and of Big Government.  Even young people do

That puts you and me in a very strong position right now.  Because we will have a rare opportunity to set young people straight on this issue, and so many others, at critically formative moments in their lives.

Not just because we will teach them a host of ideas to counter all the bad ones they get from the professors and politicians, but also because we’ll give them a whole new way of looking at the world, helping them learn to ask the right questions to avoid fiascoes like ObamaCare in the future.

At the Foundation for Economic Education, we’re up for the challenge.  And I urge you to help us with your special year-end contribution today.

With your renewed giving, FEE will be able to:

  • Reach thousands more students in our educational seminars and programs. 
  • Help students understand that character counts in a free economy. 
  • Share our ideas and economic concepts with massive audiences online. 
  • Bolster the freedom movement by connecting young people with opportunities. 
  • And bring the economic insights of The Freeman to more people. 

Please let us rely on you to reach thousands more students with the tools they need to ask the right questions and view the world in a whole new way

Will you send your most generous gift to renew your support for FEE at this time? 

Please click HERE to make your gift online at FEE’s secure giving website. 

You’ll want to act quickly to ensure we receive your gift on or before December 31st to ensure you can deduct it from your 2013 taxes… so don’t delay!

Thank you again, and best wishes to you and your family for a wonderful holiday season.




Lawrence W. Reed




Lawrence W. (“Larry”) Reed became president of FEE in 2008 after serving as chairman of its board of trustees in the 1990s and both writing and speaking for FEE since the late 1970s. Prior to becoming FEE’s president, he served for 20 years as president of the Mackinac Center for Public Policy in Midland, Michigan. He also taught economics full-time from 1977 to 1984 at Northwood University in Michigan and chaired its department of economics from 1982 to 1984.


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April 2014

Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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Which Way Do You Lean on Economic Theory?

Whose approach do you find yourself taking more often, Mises's or Friedman's? Read both quotes and choose the one that aligns with your opinion of what makes for good economics.