I have no qualms with capitalism—a business creating valuable products and selling those products for a profit. Profit is a great motivator. Unfortunately, the motivation for profit can lead some business owners to engage in cronyism—that is, when a relationship with government yields increased on-paper returns for the business, but these returns come at the expense of consumers and taxpayers.
Last week, FEE finished its second high school summer seminar, “Free the World,” which examined the Economic Freedom of the World Index and its five main components. Students from 16 states traveled to Saint Louis University to hear a spectacular lineup of speakers.
FEE’s summer seminars for high school students concluded at the end of July with Intro to the Real World, a seminar that not only looked at the basics of economics but also at practical applications, such as “Paycheck 101” and “The Rising Cost of College.”