2011 Year-End Appeal


Dear Friend of FEE,

A short time ago, a good friend and supporter of FEE explained the importance of what we do. I could not say it better myself, so I share his thoughts with you:

What FEE truly offers are intellectual lifelines for people who are drowning in the contemporary educational system. The painful isolation of being surrounded by left-wing orthodoxy, the thirst for politically-incorrect educational material that just isn’t available in many of our high schools and colleges, the courage of local parents looking for ways to help their children out, the kids’ gratitude at finding the rich resources at your website and finding both mentors and companions for their intellectual journey. There is a lot at stake emotionally that people can relate to from their own experience.

Plenty is also at stake when it comes to educating the future generation of leaders. The U.S. Department of Education last conducted an assessment of economic knowledge for 12th graders in 2006. Of the 11,500 students surveyed, only 42 percent were rated as “proficient” in economics by the study. A mere 36 percent of students could identify the federal government’s primary source of revenue. And only 46 percent could determine the effects of a price control. Of course, being a government test, it was biased from the beginning. The questions go on about abstractions like interest rates, unemployment rates, and trade agreements without ever mentioning that economics is the study of real people. Ludwig von Mises would be horrified to know this is how the knowledge of human action is tested. This is why FEE’s educational services are needed.

To read the rest download the 2011 Year-End Appeal in PDF:

2011 Year End Letter

Having trouble downloading the PDF? Try clicking here:

The Foundation for Economic Education is a leader in the liberty movement. Through our seminars, books, publications and lecture series and on behalf of our generous donors we are working to counter the efforts that threaten our freedoms.

Invest in Freedom. Make a Difference. Support FEE.




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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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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