Why Governments Can Never Be Run “Like a Business”

The free market is a problem solver if nothing else. The government, federal or otherwise, has no business model because it is not a business. We know this at the outset because government does not compete in the market for…
Studying Economic Data Is Not “Doing Economics”

Reliance on historical data as a foundation for understanding economics is problematic. Data cannot explain the facts of reality without a theory that both “stands on its own feet” and is not derived from the data itself. Most mainstream economists…