Labor Econ Versus the World
Bryan Caplan's latest book covers the hypocrisy of unpaid collegiate internships and a defense of the professoriate against the charges of laziness.
Economics
The FDA's Menthol Cigarette Ban Is a 'Racial Justice' Issue, but Not in the Way Its Supporters Mean
The proposed rule, which targets the cigarettes that black smokers overwhelmingly prefer, will harm the community it is supposed to help.
No, Florida Republicans Do Not Care About Crony Capitalism
The state has 1,288 independent special districts. But we aren't hearing significant GOP complaints about anyone's but Disney's.
Elizabeth Warren Wants Joe Biden To Deliver a Massive, Illegal Handout to the Well-Off
Student debt cancellation would disproportionately benefit college degree holders with higher earnings.
Honduras Ends Its Experiment With Charter Cities
No more new ZEDEs will exist, after a unanimous congressional vote to end program; existing ZEDEs are optimistic their deals will be honored.
Americans Want Change. Private Mints Are the Solution.
Congress should stop preventing the private sector from making its own coins.
The $1.7 Trillion F-35 Fighter Jet Program Is About To Get More Expensive
GAO: Congress has been buying planes that lack crucial parts and haven't undergone full testing, so costly upgrades will eventually be needed.
Facing Fauci's Fury: Q&A with Dr. Jay Bhattacharya
The Stanford professor and Great Barrington Declaration coauthor stands up to COVID-19 autocrats and disastrous lockdowns by following the science.
Congress Won't Legalize Pot Anytime Soon, but It Could Protect Marijuana Businesses by Passing Banking Reform
Chuck Schumer seems less interested in achieving cannabis reform than in making political hay from his inevitable failure.
California Cities Are Rethinking Their Marijuana Business Bans
Nearly two dozen towns that had said no to legal weed shops are reconsidering.
France's Authoritarian Establishment Faces Off Against the Even Uglier Authoritarianism of the Far Right
French President Emmanuel Macron is authoritarian-light. Candidate Marine Le Pen is worse.
Who's Really To Blame for Inflation?
No matter how you slice it, no one person or policy is solely to blame for surging inflation.
The Case for Uber Surge Pricing After a Mass Shooting
In criticizing the move, the New York Post got basic economics wrong.
Europe Targets Self-Hosted Bitcoin Wallets—and Financial Privacy
Proposed EU rules would be equivalent to tracking all cash transactions
The Restaurant Industry Doesn't Need Another Bailout
The Restaurant Revitalization Fund Replenishment Act would give restaurants another $42 billion in grants to cover the lingering costs of the pandemic.
High Inflation Means Rising Tax Bills
The current run of price and wage increases could tip taxpayers into higher brackets, where they will owe larger slices of their income to the government.
Tax Day Is Here, Because Government Bungling Won't Pay for Itself
If you resent government incompetence and malice, maybe your devalued dollars will buy less of it.
States Are Flush With Cash
There's a lesson here for the federal government the next time a national economic crisis strikes: The states don't need bailouts.
Don't Expect Unions To Make a Comeback
Despite the recent win against Amazon and Joe Biden's full backing, Big Labor is fading because workers are making progress without unions.
Biden's Billionaire Tax Wouldn't Just Hurt Billionaires
Wealth isn't held the way many believe it is.
The Feds Wasted 66,000 Green Cards in the Middle of a Worker Shortage
The immigration bureaucracy is worsening one of the tightest labor markets in recent American history.
Why Do Legalizers Keep Blocking Pot Banking?
Chuck Schumer claims to favor repealing the federal ban on marijuana. So why did he sink legislation that would have removed federal obstacles to banking services for pot businesses?
Study: St. Paul's Rent Control Law Primarily Provides Benefits for High-Income Renters
A new paper finds that lower income property owners are seeing the biggest falls in property values while high-income renters will get the biggest discounts on rent.
Biden's Plan To Ease Gas Prices Will Save Drivers a Few Cents at Some Pumps…2 Months From Now
Plus: Why high inflation is getting more attention than low unemployment, how to make supply chains more resilient, and more...
Annual Inflation Hits 8.5 Percent, Highest Rate Since 1981
Plus: China's unsustainable COVID lockdowns, Texas Gov. Greg Abbott's performative anti-immigration antics snarl supply chains, and more...
The Big Labor President
After promising to be "the most pro-union president you've ever seen," Biden has broken with all recent Democratic predecessors by actually governing like he means it.
Two California Lawmakers Want To Mandate 32-Hour Workweeks
It’s great when innovations let us work less, but top-down, inflexible government demands are not the way to get there.
Illinois Will Fine Gas Stations That Don't Advertise Delayed Gas Tax Hike
Fuel retailers could face fines of $500 for failing to place signs on their pumps informing customers of the delayed implementation of the 2.2-cent increase in the state's gas tax.
A Friday Bonus Reason Roundtable! Live From Reason Weekend in Nashville.
Plus: The editors answer how Reason has changed each of their lives.
COVID Stimulus Checks Worsened Inflation
Four economists at the Federal Reserve say America's high rate of inflation relative to the rest of the world is the result of surging disposable income during the pandemic.
Price Controls Would Make a Dire Economic Situation Worse
Certain politicians would do well to learn that inflation is not caused by corporate "greed."
Major League Baseball: Don't Nationalize it, Privatize it!
Opening Day and a bad New York Times op-ed are timely reminders that much of what ails professional baseball is the intrusion of government.
California's Terrible Price-Gouging Law Puts Markets at Mercy of Ambitious Prosecutors
Higher egg prices are not a crisis in the middle of a pandemic full of supply problems.
No, Palm Springs Isn't Giving a Basic Income to Transgender and Nonbinary Residents
Palm Springs officials aren't off the hook for questionable decisions, but the spending isn't what it looks like.
Rhode Island Senators Consider Two Paths To Decriminalizing Prostitution
One bill would repeal a range of laws against sex work, while the other would change them from criminal to civil offenses.
California Can't Mandate Diversity on Corporate Boards
Plus: Prayer on football field faces SCOTUS, Mike Tyson's ear-shaped edibles banned in Colorado, and more...
Elizabeth Warren's Wealth Tax Would Hurt More Than Just the 'Tippy Top'
Wealth tax proponents claim only super rich people would be affected. But to raise the revenue Warren, Sanders, and Biden want, they'd have to tax the "working rich"—doctors, lawyers, and other hardworking high earners.
Biden Is Clueless About Inflation
The president's $5.8 trillion budget shows he wants more of the same government spending that is already sending prices through the roof.
A High School Banned Students From Selling Snacks. Predictably, a Black Market for Snacks Emerged.
A sociologist spent 112 days tracking students' illicit deals for chips and other goodies.
Blame Insane Government Spending for Inflation
Some want to solve the problem with subsidies for gas, housing, child care, and more. That only risks greater stagnation.
Deadly Pot Shop Robberies Underline the Need for Marijuana Banking Reform While the Senate Dithers
Majority Leader Chuck Schumer worries that approving the SAFE Banking Act would make broader changes less likely.
Joe Manchin on Biden's Wealth Tax: 'You Can't Tax Something That's Not Earned.'
Joe Manchin keeps saying out loud the part that Joe Biden would rather keep quiet.
Bitcoin Won't Help Russia Bypass World Sanctions
Cryptocurrencies are not the threat to U.S. financial power the elites want to present.
The Real Cost of a Magical Education
Blood, sweat, and tears in Naomi Novik's Scholomance novels.
Biden Is Poised To Make Freight Trains Less Safe. You Can Thank Special Interests.
Once again, Washington is giving us every reason to believe it's selling favors to cronies even if it means everyone else loses.
The World Is Fragmenting, Making Us More Poor and Isolated
The sanctions that punish Russia are shattering the global economy.
A Fuel Leak From a Navy Facility Could Shut Down All New Development on Hawaii's Most Populous Island
Contamination from the Navy's Red Hill underground fuel facility on Oahu has reduced Honolulu's water supply by 20 percent. Water officials are considering a moratorium on new construction to conserve water.
