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Lawrence W. Reed

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depression.jpg

Ninety Years Later: The 1929 Crash →

August 15, 2019

In August 1929, most stock investors thought they’d never had it so good. By November, they thought they’d never had it so bad. Amid today’s gyrating stock market and increasing talk of recession, let’s refresh ourselves on the momentous events of nine decades past.

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Heroines of British Abolitionism →

August 7, 2019

The liberation by Great Britain of an entire race from the scourge of slavery was an achievement of, by, and for not just men but also of both men and women. It should forever be celebrated as such.

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Helping the Poor: What's The Christian Thing To Do? →

July 30, 2019

Few things are riskier than a welfare state. It’s put more than a few countries out of business or off the map. But no nation ever died because of an overabundance of character.

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Who Was America's First Economist? →

July 21, 2019

Everybody knows who America’s first President was, but can you identify the country’s first economist?

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Reflections on My Life →

July 18, 2019

My good friend and FEE colleague TK Coleman interviews me at FEEcon 2019 about ideas and events important to me over the years.

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What a Friend Ralph Lazo Was! →

July 14, 2019

The story in Ralph Lazo’s belated obituary reminded me of a Biblical passage. In John 15:13, Jesus said, “Greater love has no one than this: to lay down one’s life for one’s friends.”

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The Meaning of the Golden Rule →

July 11, 2019

Socialism nullifies the Golden Rule. Socialists proclaim “solidarity with the people.” They say they only want to help others. The problem is how they seek to do it. If their plans were in the realm of friendly advice, helpful hints, and requests for voluntary participation, they wouldn’t be socialists. FORCE is their modus operandi.

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A New Prager University video: "Was Jesus a Socialist?" →

July 8, 2019

This five-minute video explains that Jesus never supported forcible redistribution of wealth, central planning of the economy, government welfare programs, or public ownership of the means of production.

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Wormhoudt's Words of Wisdom on Education →

July 7, 2019

What was once widely regarded as the responsibility of parents is now generally seen as the duty of government, and government is one of the last entities we should ever expect to be good at teaching us either liberty or character.

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This is TJ's Day →

July 4, 2019

He marshaled the English language on behalf of ideas, and they sparked liberty’s loudest thunderclap in human history.

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Lessons from a Five-Month Country →

July 3, 2019

The ancient Roman Republic endured for half a millennium before it collapsed into the imperial autocracy we know as the Roman Empire. But did you know there was another Roman Republic only 170 years ago?

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The Marxist Before Marx →

June 11, 2019

The truly sad part of the story is that Babeuf’s communist/socialist gibberish was born again with Karl Marx 50 years later. Will the world ever put behind it the rantings of these murderous ideologues?

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Heroine of the French Revolution →

June 6, 2019

She possessed more integrity and honor than any of the big-name male rabble-rousers of her day.

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Introducing Wat Tyler and his REALLY Mad Band of Followers →

May 30, 2019

As bad as the IRS is today, just imagine what things would be like if it hired MS-13 to be your auditor.

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Why Principles Matter →

May 24, 2019

I believe that being a principled person is so important that it’s one of the two or three things I would most want to be remembered for someday.

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Announcing the Launch of “FEE en Español” →

May 7, 2019

La libertad es el futuro. ¡Únete a la causa!

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My Final Week as FEE’s President →

April 30, 2019

Thanks to all of you who have helped in even the smallest way to make my time at FEE a great joy over the years. Never give up. Our cause is noble. It’s worth fighting for. And you may never find a more effective ally in winning the future for liberty than the Foundation for Economic Education.

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Privatization, Entrepreneurship, Educating for a Free Society: An Interview →

April 27, 2019

Subjects I discussed in this April 2019 interview for the Startup Societies Foundation include the medieval Republic of Ragusa, contract cities, and educating for freedom.

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Republicans You Never Heard Of →

April 20, 2019

Commemorating one of the long-forgotten corners of Europe whose liberties and independence Napoleon crushed, the Septinsular Republic.

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Egonomics in One Lesson →

April 16, 2019

After Adam Smith and the Enlightenment, the pseudo-science of Egonomics gave way to the genuine science of Economics. To apply Hayek again, this time with a little license, the curious task of Egonomics was to fool men into believing far more than they know about what they dreamed they could plan, whereas “it’s the curious task of Economics to demonstrate to men how little they really know about what they imagine they could design.”

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Recent “Best of Web”

Featured
The End of the Climate Cult
Dec 4, 2025
The End of the Climate Cult
Dec 4, 2025

The climatastrophe has been a terrible mistake. It diverted attention from real environmental problems, cost a fortune, impoverished consumers, perpetuated poverty, frightened young people into infertility, wasted years of our time, undermined democracy and corrupted science. Time to bury the parrot — Matt Ridley.


Dec 4, 2025
Government Shutdown Exposed the Biggest Lie in Education
Oct 31, 2025
Government Shutdown Exposed the Biggest Lie in Education
Oct 31, 2025

“For decades, teachers unions and the liberal allies they bankroll in D.C. have told the American people that without the federal bureaucracy, education would crumble,” writes Ryan Walters.

Oct 31, 2025
Millions Gather to Express Total Ignorance
Oct 18, 2025
Millions Gather to Express Total Ignorance
Oct 18, 2025

“We're going to join our voices together and let the message ring loud and clear that we are uneducated rubes in desperate need of a middle-school social studies class,” said one man. Problem is, they DID have middle-school social studies, at great expense to the taxpayer, and still turned out to be rubes. Maybe there’s a connection??

Oct 18, 2025

Recent Quotes

Featured
Murphy on America
Feb 11, 2025
Murphy on America
Feb 11, 2025

“The true meaning of America, you ask? It’s in a Texas rodeo, in a policeman’s badge, in the sound of laughing children, in a political rally, in a newspaper. ... In all these things, and many more, you’ll find America. In all these things, you’ll find freedom. And freedom is what America means to the world. And to me” — Actor, poet, and the most decorated American of World War II, Audie Murphy.

Feb 11, 2025
Mill on Freedom
Feb 1, 2025
Mill on Freedom
Feb 1, 2025

“The only freedom which deserves the name is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it. Each is the proper guardian of his own health, whether bodily, or mental and spiritual. Mankind are greater gainers by suffering each other to live as seems good to themselves than by compelling each to live as seems good to the rest.”

Feb 1, 2025
Best-Selling Japanese Novelist Eiji Yoshikawa on Do-Gooders
Mar 20, 2023
Best-Selling Japanese Novelist Eiji Yoshikawa on Do-Gooders
Mar 20, 2023

“There’s nothing more frightening than a half-baked do-gooder who knows nothing of the world but takes it upon himself to tell the world what’s good for it — from his book, Musashi.

Mar 20, 2023

Recent Blogs

Featured
The Constitution of Liberty: Hayek's Lessons for Today and Tomorrow
Dec 4, 2025
The Constitution of Liberty: Hayek's Lessons for Today and Tomorrow
Dec 4, 2025

Hayek firmly rejected the modern leftist obsession with “social justice.” Redistribution schemes based on outcome-focused equality ignore the process by which outcomes arise. Inequality, per se, is not a problem. The focus should not be on the outcome, but on the process. Photo: Hayek (left) and Mises (right).

Dec 4, 2025
Grateful Thanks to the Founding Generation
Dec 3, 2025
Grateful Thanks to the Founding Generation
Dec 3, 2025

I wish I could go back in a time machine to that emotional moment at Fraunces Tavern on December 4, 1783.

Dec 3, 2025
Socialists Blame Capitalism for Everything, Especially When a Disaster is the Fault of Socialism
Dec 3, 2025
Socialists Blame Capitalism for Everything, Especially When a Disaster is the Fault of Socialism
Dec 3, 2025

The idea that politicians are supposed to provide solutions to problems is usually stupid, because politicians are not magicians. They can't do things any better than people who actually create wealth. They don't create wealth, they just redistribute it. We shouldn't think of the state as a very generous uncle who only thinks about us. A very good English translation of an interview with Kristina Votrubova in the publication Postroj. Conducted November 27, 2025.

Dec 3, 2025