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This isn’t capitalism.

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Non-Profit Hospitals Are Making a Killing ([link removed] )

by Richard Menger

The leading 82 non-profit hospitals in the US have combined net assets of $203 billion. Their average growth last year was 23.6 percent. These figures would make even the most loyal believers in the free market pause—except this isn’t capitalism.

THE TAX INCENTIVES FOR NON-PROFITS ARE WORKING OUT PRETTY WELL FOR NON-PROFIT HOSPITALS. BUT ARE THEY WORKING OUT FOR EVERYONE ELSE? ([link removed] )

Kim Jong Un's Mercedes Limousine Holds an Economic Lesson ([link removed] )

by John Tamny

Kim Jong Un’s possession of a Mercedes limousine has “stumped outsiders” in consideration of existing UN bans of luxury goods in North Korea. No one should be stumped.

PEOPLE ARE ASKING HOW A MERCEDES LIMOUSINE ENDED UP IN PYONGYANG. THERE’S NO MYSTERY HERE. WITH MARKET GOODS, THERE’S NO ACCOUNTING FOR THEIR FINAL DESTINATION. ([link removed] )

The Minimum Wage Is a Complex Issue. We Should Treat It as Such ([link removed] )

by Trace Mitchell

We have no idea how the national labor market will react to a change this large.

THE MORE SIGNIFICANT AND COMPREHENSIVE A POLICY CHANGE IS, THE LESS WE ARE ABLE TO PREDICT THE REAL IMPACT IT WILL HAVE. ([link removed] )

Eric Hoffer on the Real “Haves” and “Have Nots” ([link removed] )

by Gary M. Galles

The collectivist mindset that Eric Hoffer so cogently analyzed, primarily in terms of external threats, is increasingly being echoed in America today, presenting an increasing internal threat to freedom. July 25 marks the 1902 birth of Eric Hoffer, and his insights into freedom merit renewed attention.

AS HOFFER REALIZED, ONLY FREEDOM CAN PROVIDE THAT OPPORTUNITY. IT DOES NOT GUARANTEE A MEANINGFUL LIFE; ONLY THE POSSIBILITY. ([link removed] )

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Larry's Top 10: The Best Articles of His Career ([link removed] )

Larry Reed, FEE's President Emeritus, highlights his favorite essays and articles that he has written through the years.

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In The Spotlight

Editor's picks from around the web

E-Cigarette Bans Undermine Decades of Anti-Smoking Efforts ([link removed] )

by Michael Siegel, National Review

The Chinese Communist Party and Their Brave New World ([link removed] )

by Jeff Minick, Intellectual Takeout

The House Just Passed a Budget Deal That Will Add $1.7 Trillion to the National Debt ([link removed] )

by Eric Boehm, Reason

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