The U.S. Tax Code Is Way Too Complex. Here's How To Fix It.
The high cost of complying with our tax code encourages wasteful tax avoidance strategies and distorts work and investment decisions.
Economics
The Best of Reason: Bidenomics Goes Out With a Whimper
There's a good reason Biden eventually stopped saying Bidenomics. Americans didn't like the results of his economic policies.
Bootleggers and Baptists in the U.S. Steel Deal
Progressives and environmental groups have teamed up with a rival steelmaker to lobby against the U.S. Steel deal.
New York's Climate 'Superfund' Is Costly, Arbitrary, and Unconstitutional
Increasing energy costs in New York will not significantly address climate change.
Jimmy Carter, 'The Great Deregulator,' 1924–2024
Nobel-winning economist Vernon Smith says the 39th president radically improved air travel, freight rail, and trucking in ways that still benefit us immensely.
RIP Jimmy Carter, the 'Passionless' President
The libertarian case for the late Jimmy Carter.
Everybody Hates Prices
How much should a Wendy's Baconator cost? Elizabeth Warren thinks the government should help decide.
Make Cars (and Everything Else) Cheap Again
Plus: Superfund is back, Biden signs a lot of laws, MAGA vs. tech Christmas, and more...
Byrne Hobart: What happened to progress?
Finance and tech writer Byrne Hobart discusses how bubbles are a good thing, overcoming stagnation, and the religiosity of space exploration.
Nippon Steel-U.S. Steel Merger Poses No National Security Threat
The Committee on Foreign Investment doesn't recommend blocking the merger, and neither should President Joe Biden.
Shooting the Messenger and Blaming the Victim
How cops, politicians, and bureaucrats tried to dodge responsibility in 2024
Mark Calabria on Mortgages, Interest Rates, and Debt
Fannie Mae and Freddie Mac distort the housing market, explains Mike Pence's former chief economist.
Trump's Tariffs Will Shrink the Economy and Reduce Investment, CBO Says
Bonus: They're unpopular too, according to a new poll.
Cancerous Politics
Plus: Taking gerontocracy to new heights, a real life Arc Reactor, Happy Festivus, and more...
Joe Biden Once Understood Why Tariffs Are Bad. Then He Got Trade Policy Amnesia.
Despite campaigning against Donald Trump's tariff hikes, Biden left many of them in place.
Joe Biden Tried To Use the Regulatory State To Micromanage Everything
The Biden administration's war on "junk fees" is emblematic of its nanny state instincts.
Celebrating Brian Thompson's Killing Is Ghoulish
Vigilante murder of corporate bosses is not going to fix any of the problems with America's health care system.
Third Time's the Charm?
Plus: House Speaker Elon Musk, the value of the debt ceiling, and D.C.'s shut down specials.
No, California's $20 Minimum Wage for Fast-Food Workers Did Not Create Jobs
A University of California, Berkeley, study trumpeted in the media doesn't say what the press release claims.
You Don't Beat China by Copying China
Xi Jinping’s neo-mercantilist policies are destructive, not productive.
Amazon Warehouses Benefit Local Economies, Study Finds
The newly published paper found that Amazon's entry in a metro area led to increases in wages, jobs, and home values.
The Death and Life of New York Outdoor Dining
What began as a vibrant, organic solution to a crisis has been stifled by overregulation.
Biden's Attempts To Forgive Student Debt Were a Disaster
While the administration was fighting for debt forgiveness in court, it was also rolling out a broken FAFSA application form.
Mark Meador's Nomination to the Federal Trade Commission Is Bad News for Consumers
Meador’s nomination is a win for antitrust activism and a blow to economic freedom.
New York City Should Not Run a Grocery Store
If you think “everything-bagel liberalism” makes transit and affordable housing projects expensive, wait till you see what it does to the price of literal everything bagels.
Federal Government Has 'Grown Too Big, Promised Too Much, Subsidized Too Many,' Warns Former GAO Boss
This week's House Budget Committee hearing showed bipartisan agreement about the seriousness of America's fiscal problems.
Mass Deportations Are Bad for Everyone's Liberty
Unleashing such force on a broad scale will not result in precise, humane, and just results.
Review: Arena Magazine Is Embracing Capitalism and the Future
"Our mainstream media is hell-bent on tearing down the future before we can get too good a glimpse," the publisher wrote in the debut issue.
Keeping These Tax Cuts Is a Bad, Expensive Idea
Everyone loves lower taxes, but cutting them without reducing spending is bad news for the national debt.
Kroger-Albertsons Merger Halted by the Federal Trade Commission
The Federal Trade Commission's antitrust action does not benefit grocery shoppers.
Bidenomics Goes Out With a Whimper
There's a good reason Biden eventually stopped saying Bidenomics. Americans didn't like the results of his economic policies.
Trump's Plan To Fight Illegal Drugs With Punitive Tariffs Makes No Sense
If stopping drugs from entering the country is as straightforward as the president-elect implies, why didn't he do it during his first term?
Trump, the Self-Described 'Tariff Man,' Does Not Understand How Tariffs Work
Since the president-elect refuses to admit that levies on imports are taxes paid by Americans, he sees no downside to raising them.
Intrusive Small Business Reporting Law Slapped With Nationwide Injunction
A judge says the federal law has no constitutional basis and threatens First and Fourth Amendment rights.
Bye, Joe: Evaluating the Biden Presidency
From the war in Afghanistan to the war on drugs, Reason writers offer performance reviews of Joe Biden's single term as president.
Trump vs. Cleveland: A Tale of Two Tariff Strategies
Grover Cleveland fought high tariffs as a “communism of pelf.” Trump embraces them as an economic cornerstone.
Cigarette Taxes and Regulations Continue To Fuel a Thriving Black Market
Burdensome taxes and red tape produce the same results as outright prohibitions.
Javier Milei: Madman? Or Savior?
Reason visited Argentina to find out if Javier Milei's reforms are working.
Peter Navarro Should Not Have Power Over U.S. Trade Policy—or Anything
Navarro is a crank and a sycophant, so naturally he's going to be one of Donald Trump's top advisors.
The Hidden Costs of Capping Credit Card Interest Rates
A rate cap could leave millions scrambling for alternatives in an increasingly cashless economy.
Union Workers Are Fighting To Keep U.S. Ports More Dangerous and Less Efficient
Union president Harold Daggett says longshoremen will strike again in January if they don't get a ban on automation.
Trump's Vow To Block U.S. Steel's Sale Sends Stock Tumbling
Trump doesn't care much about free market principles or the limits of government power. But he should pay attention to this signal from the stock market.
Abolish the Securities and Exchange Commission
Despite its enormous budget and vast regulatory powers, the agency has failed to detect major frauds while wasting time and money on relatively useless disclosures.
Promises To Cut $2 Trillion Clash with Trump's Expensive Plans
Ambitious budget cuts will meet political reality in Trump’s second administration.
A Taxpocalypse of Rising Rates Is Coming For Americans if Congress Doesn't Act
Here's how expiring tax cuts could affect you.
Nuclear Energy Prevents Air Pollution and Saves Lives
Economists estimate that each nuclear plant built could save more than 800,000 life years.
