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• How Saving Grows the Economy—Explained with Comics
  fee.org > articles > how-saving-grows-the-economy-explained-with-comics
  Dan Sanchez | Monday, June 11, 2018

  Irwin Schiff wrote a great comic book about how an economy works—with fish—and Dan Sanchez breaks it down.
  
  “If every time someone saves more, he is pressured to relinquish his “excess wealth,” that can only discourage savings. And knocking out savings knocks people off the Cycle of Growth. It also knocks them onto a Cycle of Impoverishment. This is because low savings can lead to capital consumption. “Consuming” capital doesn’t mean “eating the net.” It means that the net eventually wears out with use, and to maintain it requires diverting possibly consumed resources away from consumption and toward repair/replacement. Without sufficient savings, capital goods enter a state of disrepair. The net eventually tears and fish start swimming through it, at which point the fisherman must resort again to low-productivity hand-fishing, and finds himself back on the brink.”

• Understanding Bitcoin’s Real Value
  fee.org > articles > understanding-bitcoins-real-value
  Diego Zuluaga | Tuesday, April 10, 2018

  Fortunes are bound to be made as cryptocurrencies become more widespread media of exchange. However, it’s unlikely that ordinary investors like you and me will see the three- and four-digit returns that have grabbed headlines. As consumers, we will benefit from cryptocurrencies, but those who speculate should be ready to get burnt.

• Guess Why Hundreds of Busboys Just Lost Their Jobs
  fee.org > articles > guess-why-hundreds-of-bus-boys-just-lost-their-jobs
  Abigail Hall | Monday, January 29, 2018

  While we may not like the idea of someone trying to live on $5 or even $7 an hour, we can likely all agree that earning a small wage is better than earning nothing at all due to unemployment. It’s easy to vilify restaurants and other companies when they respond to higher costs with layoffs. But it’s important to place the blame where it belongs. In this case, it’s bad policy — not incompetence, not corporate greed — that’s causing people to lose their jobs.

• You Can Thank American Indians for American Gun Culture
  fee.org > articles > you-can-thank-american-indians-for-american-gun-culture
  David B. Kopel | Monday, November 27, 2017

  It is widely agreed that the United States has an exceptional gun culture. Although Great Britain is America’s “mother country,” the two nations have very different arms cultures. Why so?

• The Staggering Toll of the Russian Revolution
  fee.org > articles > the-staggering-toll-of-the-russian-revolution
  Yuri N. Maltsev | Thursday, November 2, 2017

  Russian President Vladimir Putin would like to ignore the Bolshevik Revolution, which marks its 100th anniversary this month. Putin reportedly told his advisers that it would be unnecessary to commemorate the occasion. He knows better—it is nothing to be proud of.

• India’s Demonetization Effort Has Demonstrably Failed
  fee.org > articles > indias-demonetization-effort-has-demonstrably-failed
  FEE.org Web Bot | Monday, October 9, 2017

  Dormant for a while, the debate over India’s demonetization program of last fall has been revived by new evidence. The new evidence on note returns and GDP vindicates the critics and has the defenders in strategic retreat.

• The Quiet Exodus from Mass Schooling
  fee.org > articles > the-quiet-exodus-from-mass-schooling
  Kerry McDonald | Friday, August 25, 2017

  Parents are fed up. As mass schooling becomes more restrictive, more standardized and more far-reaching into a child’s young life, many parents are choosing alternatives. Increasingly, these parents are reclaiming their child’s education and are refocusing learning around children, family, and community in several different ways.

• Bitcoin Markets Compared with Fiat, Gold, and Famous Billionaires
  fee.org > articles > bitcoin-markets-compared-with-fiat-gold-and-famous-billionaires
  Wassim Bendella | Wednesday, July 5, 2017

  Since 2009, Bitcoin has made a long road and has overcome many obstacles on its journey. The Bitcoin price has grown exponentially, and its market cap is at the time of writing over $41 bln, which is the same net worth of Google’s co-founder, Larry Page. By comparison to gold, fiat, and Bill Gates, that’s not yet remarkable. 

• Economic Theory Really Is Pro-Immigration
  fee.org > articles > economic-theory-really-is-pro-immigration
  Luis Pablo de la Horra | Monday, May 15, 2017

  There are four economic biases widely held in society, all of which are far from harmless. But the most potentially harmful is the anti-foreign bias. This one underestimates the economic benefits of interaction with foreigners, including immigrants, and leads to protectionism and anti-immigration policies. But even a partial liberalization of immigration restrictions would, in the long-term, contribute to improving the standards of living globally.

• High-Skill Only Immigration Won’t Work
  fee.org > articles > high-skill-only-immigration-wont-work
  Alvaro Vargas Llosa | Thursday, March 23, 2017

  Should the United States only allow “high-skilled workers” to immigrate here?