FEE Daily
Foundation for Economic Education
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The Irrelevance of That “3 Billionaires Have More Wealth Than Half of America” Factoid

by Daniel C. Jensen

Major financial news outlets like Institutional Investor and Fox Business quoted it. But they shouldn’t have. If you know a couple of basic facts about the United States population, you know it's not worth quoting. It might be a fact, but it's so meaningless that it’s actually deceitful.

MAYBE JEFF BEZOS, BILL GATES, AND WARREN BUFFET HAVE MORE WEALTH THAN ALL OF THE INFANTS, CHILDREN, STUDENTS, HANDICAPPED, PRISONERS, AND POSTGRADS COMBINED. BUT YOU DON’T NEED A PHD TO FIGURE OUT THAT’S NOT USEFUL KNOWLEDGE.
 
Hollywood's Apocalypse Obsession Ignores Reality

by Marian L. Tupy

Between 2010 and 2019, close to 100 Hollywood movies dealt with such apocalyptic subjects as run-away climate change, asteroid impacts, nuclear holocausts, resource depletion, pandemics, eschatological end of days, zombie apocalypse, cybernetic revolt, dysgenics, and alien invasions. That was an all-time record.

WHY IS THERE SO MUCH DOOM AND GLOOM ABOUT THE FUTURE OF OUR SPECIES?
 
Why Are Investment Advisers Favoring Activism Over Good ROI?

by Logan Albright

A worker whose retirement is managed through a pension fund, particularly a public sector one, cannot easily move his funds elsewhere.

FEW ARE EVEN AWARE OF THE EXISTENCE OF PROXY ADVISERS OR THE INFLUENCE THEY WIELD.
 
invisible-hands
Invisible Hands: Let's Talk About Entrepreneurship!

Far from just being their own bosses, entrepreneurs play an incredibly important role in the economy by discovering unmet wants or needs and creating the goods & services necessary to satisfy them. If they do this well, entrepreneurs create brand new wealth and make all of our lives better!

WATCH THE VIDEO NOW!

 

In The Spotlight

Editor's picks from around the web


May I See Your ID?
by Jay Nordlinger, National Review


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