Was Ford’s five dollar day an efficiency wage, rent-sharing, or a high-wage doctrine? Nathaniel Smith argues that Ford was behaving as a profit-seeking entrepreneur.

Explains the origin of the natural monopoly theory, the illusion that monopolies can be efficiently controlled by regulation. Railroads are not natural monopolies.

Are a deposit and a loan mutually exclusive? Or is a deposit contract legitimate even if it permits banks to engage in fractional reserve lending? Evans discusses these hybrid contracts.

Robert Murphy reviews Earle and Luther’s _The Gold Standard_, finding it a balanced and useful defense of an underappreciated monetary institution.

Greg Kaza reviews Brian Domitrovic’s book on Arthur Laffer--his communication of economic ideas and his interactions with U.S. policymakers prior to meeting Ronald Reagan.

Peter Earle reviews Boettke, Salter, and Smith’s argument that the rule of law should be brought to bear on the Federal Reserve, to rein in its distortions and disruptions.

This article explores the growing trend of state regulation targeting social media addiction among young people, offering a libertarian assessment of its legitimacy, consequences, and alternatives.

Newly discovered letters between Frank Meyer and Murray Rothbard illuminate Rothbard’s parting from Ayn Rand’s inner circle.

Review of “Samuel Edward Konkin III: Revolutionary Friend” by Wendy McElroy

Immigration is discussed in the context of the view that treating public property as privately owned by the taxpayers is the only coherent and justifiable libertarian position.