Freeman

Book Value

A Tale of Two Stories

It is not enough to urge Scrooge to be good to others

DECEMBER 18, 2014 by SARAH SKWIRE

Everyone knows Charles Dickens's A Christmas Carol. But few recall another Victorian tale that brings balance to the story of Scrooge.

Feature

Epic Fail: 100 Years of the Fed

How monetary nationalism wrought havoc, but cryptocurrency can save us

DECEMBER 17, 2014 by JEFFREY A. TUCKER

For a hundred years, central bankers have tried to bring scientific management to money. And in that time, we've seen a string of failures. Can cryptocurrency replace this monstrous system?

Feature

The Police Need Competition

It is time we applied the fundamental lesson of competition to our supposed protectors

DECEMBER 16, 2014 by JULIAN ADORNEY

Competition forces organizations to improve their services, and the police could really use improvement.

ANYTHING PEACEFUL ANYTHING PEACEFUL

Mojitos in Havana?

Free movement of people and products will help liberate Cuba

Many Cuban Americans still carry grudges from the Castro regime. But 55 years on, warming relations can only be a boon for both Americans and our nearest island neighbors.

The Same Revolt: Breathe, Occupy, Tea Party

What if these are variations of the same revolution?

Look beyond the rhetoric and you will see that all the protests — left and right, black and white — target the way legal privilege is being used to perpetuate injustice.

THE ARENA

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Given v. Diedrich on Voting

Do you believe voting advances liberty?

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CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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Essential Works from FEE

Economics in One Lesson (full text)

By HENRY HAZLITT

The full text of Hazlitt's famed primer on economic principles: read this first!


By FREDERIC BASTIAT

Frederic Bastiat's timeless defense of liberty for all. Once read and understood, nothing ever looks the same.


By F. A. HAYEK

There can be little doubt that man owes some of his greatest suc­cesses in the past to the fact that he has not been able to control so­cial life.


By JEFFREY A. TUCKER

Leonard Read took the lessons of entrepreneurship with him when he started his ideological venture.


By LEONARD E. READ

No one knows how to make a pencil: Leonard Read's classic (Audio, HTML, and PDF)