California Billionaires Are Leaving the State in Response to Proposed Wealth Tax
The wealth tax would discourage investment and likely lower tax revenue for California.
Economics
The Company Behind the 'Steroid Olympics' Wants To Make Enhanced Pro Athletes Mainstream—and Amateurs, Too
The Enhanced Games are letting athletes take performance enhancing drugs—and they want their events to be big as the Super Bowl.
Trump's War on Interest Rates
No one likes high interest rates on credit cards and loans, but artificially lowering interest rates via executive power is not a solution.
Trump 2.0, Year 1: A Libertarian Nightmare
Trump's second term lurches forward, powered by monarchical authoritarianism
Iran's Inflation Protests Turned Into an Uprising. Will Trump Get Involved?
The unrest started with a merchants' strike, escalated into a bloody crackdown—and might become an American war.
Elon Musk Said Rand Paul Is the One Person in Washington Who 'Gets It'
In an interview with Reason, CNN's Scott Jennings recounts the conversation he had with the tech entrepreneur about his distaste for exorbitant government spending.
CNN's Scott Jennings: The Conservative Movement's Identity Crisis
Scott Jennings discusses life as a conservative at CNN, Trump’s record a year into his second term, and how figures like Candace Owens damage the right.
Is This the End of American Capitalism?
If interest rates stop being market signals and become policy decisions, what survives may look less like capitalism—and more like permanent crisis management.
How the Trump Administration Quietly and Quickly Took Over 3 Golf Courses in Washington, D.C.
Plus: Thank capitalism for the best parts of college football bowl season
John Roberts Touts Judicial Independence, Subtly Rebukes Trump in 'Year End Report' on Federal Courts
The chief justice hails the judiciary as “a counter-majoritarian check on the political branches.”
Polymarket Returns to U.S. Users After a Nearly 3-Year Hiatus
The online betting company allows you to stake money on future events.
Why America's Inequality Story Doesn't Add Up
Taxes, benefits, and household data make America look more unequal than it is.
Do we have an income inequality problem?
A lot of people are worried about income inequality. Are they wrong?
Rand Paul's Annual Festivus Report Highlights $1.6 Trillion in Wasteful Spending
These wasteful boondoggles add up. So do the programs that many Americans insist are important but refuse to reform.
3 Areas Where the Courts Pushed Back Against Trump's Attempts To Avoid Judicial Review in 2025
The president asserted broad powers to deport people, impose tariffs, and deploy the National Guard based on his own unilateral determinations.
Why Mitt Romney's Call To Tax the Rich Falls Apart
Yes, the status quo is unsustainable. But Romney's proposed solution risks making those problems harder to fix while foreclosing opportunities for the next generation.
Zohran Mamdani Can't Ruin New York City
Mayors come and go, but New York City remains fundamentally itself.
The Big Lesson of the 2020s? Don't Ignore the Economists.
From COVID-19 lockdowns to Biden's inflation and Trump's tariffs, bad things have happened when economics are sidelined in policymaking.
How Politicians and Cops Tried To Dodge Responsibility in 2025
Presidents, legislators, and police officers were desperate to blame anyone but themselves.
6 Ways Sports and Politics Will Collide in 2026
From college sports to league expansion, politicians are going to have plenty of sway over sports next year.
Zohran Mamdani Didn't Run on 'Affordability.' He Ran Against Prices.
Price controls don't solve economic problems; they disguise them. Prices are messages, and Mamdani wants to shoot the messenger.
What the Media Didn't Tell You in 2025
The Reason editors examine the most underreported stories of 2025 across politics, economics, global affairs, and culture.
This 1,300-Page Anticapitalist History Gets a Few Things Wrong
Sven Beckert's Capitalism: A Global History is...not a reliable history.
Research Suggests People Who Work From Home Are Having More Babies
"Flexibility at work has the power to drive fertility decisions," according to researchers running a survey in the U.S. and 38 other countries.
The Most Overlooked Holiday Miracle: Abundance
History shows clearly that the societies most capable of generosity and liberalism are not those trapped in poverty but those that have escaped it.
How Tariffs and Inflation Are Hitting Holiday Sweets
The Trump administration’s trade war has made home-baked and store-bought treats more expensive.
Why College Students Prefer Socialism—and Why They're Wrong
When the media say the middle class is in decline, they're technically right—because people are getting richer.
Trump's Economic Adviser Says Tariff Refunds Would Be 'Very Complicated' and Unlikely
Oh, so now the Trump administration is worried about the complexity of its tariff polices?
Tariffs Are Leaving Fewer Footballs, Golf Clubs, and Toys Under the Christmas Tree
Plus: College Football Playoff complaints and an awful NFL officiating blunder.
He Started a Business Legally. Now Trump's Mass Deportations Threaten Him and Other Immigrant Entrepreneurs.
Immigrants start businesses at a higher rate than native-born Americans, benefitting not only themselves but also their American workers and customers.
Seattle's Delivery Minimum Wage Failed Drivers and Raised Costs
Increased hourly rates corresponded with lower tips and fewer orders to share between drivers, leaving gig workers no better off than they were before the law passed.
Trump's Designation of Fentanyl As a 'Weapon of Mass Destruction' Is a Drug-Fueled Delusion
The executive order does not accomplish much in practical terms, but it jibes with the president's conflation of drug trafficking with violent aggression.
More Republican Socialism
The Trump administration has not made a convincing case for why it is buying stakes in these companies—and why these companies in particular, rather than others.
Can't Afford To Visit New York City for Christmas? Blame the City Government.
The city has removed tens of thousands of rooms from the stock of short-term housing available to tourists while making it significantly harder to build and expand hotels.
NYC's Airbnb Crackdown Is a Disaster
Kennedy hits the streets of New York City to ask tourists a simple question: why is visiting NYC at Christmas so outrageously expensive?
Is It Time To Break Up Big Tech?
Matt Stoller and Geoffrey A. Manne debate antitrust law and Big Tech.
Trump Claims He's Turning America Around. He's Really Doubling Down on Executive Overreach.
From immigration crackdowns to trade policy, the Trump administration is increasingly centralizing power in Washington, D.C.
The Teamsters Want To Keep Transportation Costs Higher
The union isn't pro-growth or pro-consumer. It's a lobby for workers.
Hottest Country
Plus: Karoline Leavitt's injection sites, Dan Bongino leaves FBI, Tesla trapped, and more...
'Now We're the Hottest Country Anywhere in the World': Trump's Blessedly Pointless National Address
Trump announced neither stimulus checks nor war in Venezuela.
Bernie Sanders Wants To Pause New Data Centers To Stop the Economy From Growing Too Much
The socialist senator wants a moratorium on new data centers to slow the AI and robotics industries down.
Trump Said His Tariffs Would Reduce the Trade Deficit and Bring Back Manufacturing. Here's What the Data Show.
These metrics are bad proxies for prosperity, but they reveal just how flawed the president's arguments have been.
Thanks to Antitrust Officials, iRobot Will Be Acquired by a Chinese Robotics Firm Instead of Amazon
The only thing the Federal Trade Commission and European Commission succeeded in doing was transferring ownership of iRobot from an American company to a Chinese one.
Can't Buy Our Love
Plus: Child care affordability, Venezuela blockade, Israel's plans, and more...
The Federal Government Has Shed 271,000 Jobs This Year. That's Great.
It's also not the whole story. Federal spending isn't falling and the private sector job market is stagnant.
17 Ways Politicians Can Make Things Cheaper, Starting With Food, Health Care, and Appliances
A real affordability agenda would unleash free markets, not constrain them.
Funding College Sports With Private Equity Is Way Better Than Hitting Students With Higher Fees
Plus: Fix the NBA Cup by blowing it up, World Cup ticket prices or lotteries, and more.
When Originalism Undermines Trump
From birthright citizenship to tariffs, many of the president’s key policies run counter to the Constitution’s original meaning.
