The Foundation for Economic Education, or FEE, is one of the oldest libertarian organizations in the country. Founded in 1946 by Leonard Read, FEE holds seminars, publishes The Freeman, and has inspired generations of classical liberals and free-market thinkers.

Lawrence W. Reed has headed up FEE since September 2008, after two decades running the Mackinac Center for Public Policy. In this interview, conducted by Reason Editor in Chief Matt Welch at the FreedomFest conference in Las Vegas, Reed talks about how he first came to his politics in 1968 because of Czechoslovakia's "Prague Spring," and how the mission of teaching free-market economics remains as urgent as ever in 2009.

Approximately 5 and a half minutes. Shot and edited by Dan Hayes.