The oldest free market think tank in the United States, the Foundation for Economic Education (FEE) has announced the 501(c)3 educational foundation now accepts bitcoin cash (BCH) for donations. The libertarian organization promotes sound economic theory, publishes books and articles regularly on the benefits of a laissez-faire attitude, and hosts lectures and conferences that aim to encourage the philosophy of freedom.
74-Year Old Libertarian-Based Foundation’s Relationship With Bitcoin
The Foundation for Economic Education (FEE) is the longest-running American think-tank based on free market ideals and sound economics. Founded in 1946, the group was created by some of the smartest libertarian thinkers and economists of the time with individuals such as Henry Hazlitt, Leonard E. Read, Leo Wolman, and Fred R. Fairchild. FEE is solely dedicated to the “economic, ethical and legal principles of a free society” and the educational foundation provides a number of resources for those interested in learning the philosophy of liberty. The think tank is a 501(c)3 foundation and professors and parents have leveraged FEE for the last 74 years.
FEE has accepted BTC for a number of years and this week the foundation has revealed it is now accepting bitcoin cash (BCH) for donations as well. At the end of 2013, FEE received a massive 1,000 BTC donation ($6.9M) from Bitcoin.com’s Executive Chairman Roger Ver, which at the time was worth over $1 million. At the time Ver made a bet that BTC would outperform the U.S. stock market by a specific time and lost the wager by being off by a few months. “ I’ve decided to donate 1,000 Bitcoins, that were worth only $10,000 at the time I made the bet, but are now worth well over $1,000,000 USD, to the organization that published the books and articles that allowed me to understand just how important Bitcoin would become,” Ver said in November 2013. The entrepreneur further stated:
That organization is the Foundation for Economic Education. By reading books, and essays published by this organization from such intellectual giants as Murray Rothbard, and others, I learned that those who want to control their neighbor’s activities through the violence of the state, are economically ignorant, morally deplorable, and will always fail to reach their desired goals.
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