Here's One Way To Move Toward Responsible Government and Sane Fiscal Policy
The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
Especially because the once-dismissed possibility of rising rates is now a reality.
The Federal Reserve's higher interest rates were supposed to trigger changes to fiscal policy. So far, that hasn't happened.
The Reason Sindex tracks the price of vice: smoking, drinking, snacking, traveling, and more.
Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded.
Plus: DeSantis campaign on life support, Biden climate corps seeks to waste your money, implanting chips into brains, and more…
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
When theories fail and economic rules reassert themselves, it’s human beings who feel pain.
Overall inflation rose 0.6 percent in August leading to an annualized rate of 3.7 percent.
Legislators abuse the emergency label to push through spending that would otherwise violate budget constraints.
Plus: Libertarian lessons in the wake of the Maui wildfires
Progressives like Sens. Elizabeth Warren and Bernie Sanders typically blame corporate greed for higher prices. When prices go down, does this mean they should credit corporate benevolence?
Thankfully, you don't need fancy dining halls or a college degree to have a good life or get a good job.
Javier Milei’s coalition, Liberty Moves Forward, advances to the first stage of the October general election.
The Labor Department is officially undoing changes made to help combat inflation in the 1980s.
Though an improvement over his obsession with wokeness and culture wars, DeSantis can't seem to ditch the populist demagoguery.
"Government in general does a lot of things that aren't necessary," says Jared Polis.
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It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs.
At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.
Joe Biden's big economic speech is a poor attempt at a branding exercise.
The country's largest legacy rent-control policy is pushing building owners to the breaking point.
We once ranked No. 4 in the world, according to the Heritage Foundation. Now we're 25th.
The FTX meltdown, "Operation Chokepoint 2.0," and a "crypto winter" have only strengthened the resolve of the enthusiasts Reason spoke with at the annual National Bitcoin Conference in Miami.
Plus: Was Gerald Ford right to pardon Richard Nixon?
Projections of huge savings are making the rounds. Nothing could be further from the truth.
A much more plausible explanation is the avian flu outbreak that devastated the poultry industry last year.
The longer we wait to address our debt, the more painful it will be.
Is this the new normal, and will Joe Biden pay a political price for it?
Not only is that claim factually incorrect, but it's also wrong to be so pessimistic about young people's economic future.
In 2019, discretionary spending was $1.338 trillion—or some $320 billion less than what Republicans want that side of the budget to be.
A new report from Reason Foundation shows that in 2020, highway quality improved while spending stayed flat. Inflation is now wrecking that progress.
A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.
Annual inflation fell to 5 percent in March, the lowest mark in two years.
Excessive government interference in the market hurts consumers and thwarts policy goals. It also gets in the way of the government itself.
Vernon Smith weighs in on Biden's budget, how government causes inflation, and why bailing out Silicon Valley Bank was a bad idea.
Join Reason on YouTube and Facebook Thursday at 1 p.m. Eastern for a discussion about bank runs, the Fed, and bitcoin.
Plus: did the editors sing Happy Birthday to Adam Smith?
Plus: did the editors sing Happy Birthday to Adam Smith?
Prices rose by 0.4 percent in February and core inflation was up 0.5 percent, the third consecutive month that it has increased.
While the population has grown, the number of college students has declined in the past decade.
Asian adversaries aerially admire American angst and apathy.
Plus: the editors field a listener question on intellectual property.
Election betting markets are often more reliable than pundits. Did the site steal user funds? No. Did they lie to people? No. Harm anyone? No.
January's consumer price data indicates another drop in annual inflation, but the past three months might tell a different story.
Fiscal stimulus during the pandemic contributed to an increase in inflation of about 2.6 percentage points.
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