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February 5, 2024

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** By George Ford Smith
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** Why Governments Can Never Be Run "Like a Business" ([link removed])
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No state regime is a business and it doesn't have a business model. Real businesses rely on free voluntary exchange with customers. States rely on violence and coercion.

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** By Jonathan Newman
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** The Fed is Inherently Political ([link removed])
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As a creature of Congress and, effectively, an arm of the U.S. Treasury, everything it does has bearings on elections, consumer sentiment (and therefore incumbent approval ratings), and the wealth of the big political donor class.

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** By Pedro Goulart
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** How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction ([link removed])
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When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production.

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