Congress Yet Again Abuses 'Emergency Spending' for Non-Emergency Purposes
Let's just call this what it is: another gimmick for Congress to escape its own budget limits and avoid having a conversation about tradeoffs.
Let's just call this what it is: another gimmick for Congress to escape its own budget limits and avoid having a conversation about tradeoffs.
According to IRS guidance, any income derived from illegal activity is taxable, and there's no statute of limitations on when they can go after you.
Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding.
The question of how best to measure inflation has no single and straightforward answer, but most people know that the president's economic claims aren't true.
Thanks to "squatters' rights" laws, evicting a squatter can be so expensive and cumbersome that some people simply walk away from their homes.
Economist Friedrich Hayek inspired an early foray into electronic cash.
The government needs to cut back on spending—and on the promises to special interests that fuel the spending.
I shouldn't have to spend so much money on an accountant every year. But I don't really have a choice.
A new economic paper explains why interest rates are the missing piece to understanding why people are unhappy about a seemingly strong economy.
Liberty to engage in voluntary transactions and keep our wealth varies across North America.
The policy is a true budget buster and is ineffective in the long term.
Plus: A listener asks if the editors have criteria for what constitutes a good law.
Unfortunately, Willis’s Fulton County includes assets seized from non-prosecutors in its budget.
In Squid Game: The Challenge, contestants don't really risk their lives.
Many who see overdraft protection as preferable to other short-term credit options will have fewer choices as some banks decide the service isn't worth offering anymore.
The reality raises questions about the kind of future we want to leave for the next generation.
A new report brings remarkable economic illiteracy to its focus on poverty and inequality.
That's bad news for Americans.
While the new version of the financial aid form was supposed to simplify the process, it has instead been riddled with technical problems and considerable delays.
As we step into 2024, it's crucial to adopt a more informed perspective on these dubious claims.
Big government has been ruinous for millions of people. Charities aren't perfect, but they are much more efficient and effective.
Lawmakers can take small steps that are uncontroversial and bipartisan to jumpstart the fiscal stability process.
"Over the last 20 years, because of temperature rises, we have seen about 116,000 more people die from heat. But 283,000 fewer people die from cold."
Your support for Free Minds and Free Markets is nearing record territory.
Lots of Americans have an intolerance to FODMAPs—the sugars prevalent in garlic, onion, and many other foods.
In the last 50 years, when the budget process has been in place, Congress has managed only four times to pass a budget on time.
"At its core, money is a ledger," writes the investment analyst in her new book, Broken Money.
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
Join Reason on YouTube and Facebook at 1 p.m. Eastern for a discussion with Lyn Alden about her new book, Broken Money.
A Q&A with Johan Norberg, author of the book Elon Musk calls "an excellent explanation of why capitalism is not just successful, but morally right."
Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents.
The notion that COVID-19 came from a lab was once touted as misinformation. But now the FBI, the Energy Department, and others agree with Paul.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
The Golden State's new rules—which Pennsylvania's Environmental Quality Board opted to copy—will increase the cost of a new truck by about one-third.
Especially because the once-dismissed possibility of rising rates is now a reality.
The Department of Defense spent $1.2 billion on furniture between 2020 and 2022, although it only uses 23 percent of its office space.
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.
"These policies are motivated by good intentions. But that doesn't mean that the consequences of these policies will turn out well."
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
Since Congress won't cut spending, an independent commission may be the only way to rein in the debt.
The city wanted to bring in more money, in part for early childhood education. But such taxes are disproportionately paid by the poor.
The Commodities Futures Trading Commission announces charges and settlements with three companies that may mean very bad news for all DeFi operations doing business with U.S. citizens.
Rather than posing a national security threat, the growth of China's E.V. industry is an opportunity for global innovation.
The country's current struggles show the problems of the Beijing way—and make the case for freedom.
Legislators abuse the emergency label to push through spending that would otherwise violate budget constraints.