Republican Reconciliation Package Will Lead to $3 Trillion Annual Deficits
A new analysis from the Committee for a Responsible Federal Budget estimates that the national debt will equal nearly 130 percent of GDP by 2034.
A new analysis from the Committee for a Responsible Federal Budget estimates that the national debt will equal nearly 130 percent of GDP by 2034.
Greg Sargent of the New Republic interviewed me.
The government has been putting sexuality, sexual labor, and unorthodox ideas about sex on trial.
The White House calls it "the art of the deal," but a 30 percent tariff on imports from China is economically damaging and constitutionally dubious.
Nominees include stories on inflation breaking brains, America's first drug war, Afghans the U.S. left behind, Javier Milei, and much more.
"If this is the end of my American dream," says one small business owner, "I'm going to go down swinging."
Outcomes are hard to predict. But the judges seemed skeptical of the government's claim that Trump has virtually unlimited authority to impose tariffs.
The president hopes to introduce even more government intervention into health care.
Plus: Homeless encampments in California, taxing university endowments, and more...
“Between the cost of labor and the inputs that goes in, it’s more cost-effective for farmers” to plow over ripe tomatoes, said one expert.
Residents of the United Kingdom will get lower tariffs, while Americans are stuck paying higher ones.
The right number of dolls? As many as your kid wants.
Co-founder of AQR Capital Management, Cliff Asness, discusses the decline of market efficiency, the dangers of populist economics, and his libertarian outlook on capitalism.
Plus: Habemus papam, deporting grannies, and more...
The results were completely foreseeable, after the president imposed 25 percent tariffs on all imported automobiles and parts.
We don't need more of the same. We need evidence of a serious turnaround.
America is not a department store. And no successful department store would be following Trump's antitrade strategy.
The death of a onetime powerhouse carries a lesson for antitrust enforcers—if they’ll listen.
Trump’s tariffs aren’t just bad economics—they’re a rejection of abundance, prosperity, and capitalism itself.
Tariffs on creative media are barriers not just to goods, but also to ideas.
Steve Inskeep of NPR interviewed me about the case against Trump's "Liberation Day" tariffs.
As he shifts his focus away from DOGE, he acknowledges the need for hard choices and congressional action.
"I've been very vocal about congressional authority under a Democratic president or now under a Republican president," the Washington state congresswoman tells Reason.
The president wants to develop the F-47 fighter jet 60 years before the F-35 is scheduled to retire.
Sex toys, blenders, baby strollers, microwaves, hair dryers, and other affordable goods that Americans take for granted could soon be in short supply.
Plus: Alcatraz reopening, Bukele corruption scandal, assisted suicide, and more...
As climate and equity proposals lose steam, activist investors are targeting junk food, soda, and alcohol in the name of corporate responsibility.
Impoundment, line-item vetoes, and the tricky problem of cutting spending through the executive branch
This is a key issue in cases seeking to limit executive branch power grabs, including Trump's tariffs. Judge Ryan Nelson (a conservative Trump appointee) explains why the president is not exempt from the doctrine.
By giving one man the power to impose massive tariffs anytime he wants, Trump's policy undermines the predictability and impartiality that the rule of law requires.
Even when they are less patently ridiculous, the metrics of success favored by government officials make little sense.
Trump's comment about how "dolls" will "cost a couple of bucks more" is the latest in a long trend of nationalist conservatives disparaging affordable stuff.
Plus: Depriving the children of toys, a curbside rat feast, China wants to talk, and more...
The president's bizarre insistence that Kilmar Abrego Garcia "had MS-13 tattooed" on "his knuckles" makes him seem like a confused old man.
If anything, they sabotage the very forces—dynamism, adaptability, innovation—that create the economic opportunities struggling workers need.
There's nothing "hostile and political" about informing the public of the negative consequences of poor economic policy.
Sen. Rand Paul's attempt to end the non-existent economic emergency failed to pass the Senate on Wednesday night.
Plus: Growth forecasts slashed, Pravda time, fentanyl seizures, and more...
I was interviewed by attorney/podcaster Irina Tsukerman.
"Maybe the children will have two dolls instead of 30 dolls," Trump said Wednesday. "And maybe the two dolls will cost a couple bucks more than they would normally.”
Presidential power must stem from the Constitution or a statute, and the tariffs imposed by President Trump are unauthorized by statute, making them both unlawful and unconstitutional.
Former Rep. Ron Paul argues that slashing red tape will do more to bring down home prices than pressuring the central bank to cut interest rates.
Plus: Amazon vs. Trump, RFK Jr. gets in trouble, and more...