Pipeline Company Hit With $40 Million Retroactive Tax After Applying for Tariff Exemption
Unsurprisingly, the bureaucratic, cronyist process for getting an exemption is not in fact protecting American steel jobs.
Economics
'Tariffs Are the Greatest,' Trump Proclaims, as White House Begins Subsidizing Farmers Harmed by Tariffs
Tariffs are so great that we have to create new government programs to compensate the victims of tariffs.
More and More of What We Do Depends on Government Permission
The granting or withholding of that approval is a powerful lever over our lives.
Larry Kudlow Is Bad. So Is Alexandria Ocasio-Cortez. Chartreuse Is Good: Podcast
The Reason Podcast crew covers deficits, tariffs, Russians, gender, and more.
Trump Claims That Trade War Only Risks 'The Bank's Money'
He's so, so wrong about that. But at least he's admitting a trade war won't be good or easy to win.
Trump Says He's Ready to Slap Tariffs on All Chinese Imports
All of them. $500 billion's worth.
Trump Wants More Low Interest Rates From Federal Reserve but Isn't Getting Them
Trump worries that the Fed chief's predictable interest rate policy could impair the economic growth needed to make his tax policies viable.
Imported Cars Are Not a National Security Threat
Representatives of the auto industry are in Washington to deliver an obvious message to the oblivious Commerce Department.
Top White House Adviser Wrong About the Deficit, According to White House Report
Trump adviser Larry Kudlow says the tax law will bring the deficit down. An administration report shows that's not right.
Slavery Did Not Make America Rich
Ingenuity, not capital accumulation or exploitation, made cotton a little king.
Trump's Tariffs Injure Another American Business
Tariffs always divert resources toward government-favored firms and away from everyone else.
After Slapping Allies With Tariffs, U.S. Drags Allies to WTO to Complain About Tariffs
The United States has accused the victims of its tariffs of engaging in unfair and punitive measures with their retaliatory tariffs.
Whirlpool Took Tariffs for a Spin, Ended Up With Tumbling Sales
Tariffs let the government pick winners and losers-but sometimes even the winners get hung out to dry.
Alexandria Ocasio-Cortez Says Unemployment Is Low 'Because Everyone Has Two Jobs,' Which Is Not How Unemployment Rates Work
"Capitalism has not always existed in the world and it will not always exist in the world."
Trump's Tariffs Are Going To Make Your Food More Expensive
Food prices are rising, and they're likely to soar even more
McConnell Admits U.S. May Be in 'Early Stages' of Trade War
But will Congress act to rein in Trump?
Here's What You Could Buy With June's Federal Budget Deficit
Of course, June's deficit represents just a small fraction of our overall national debt.
Rep. Justin Amash Slams Republican Leadership for Meaningless Response to Trump Tariffs
Amash wondered why Mitch McConnell and Paul Ryan even want to be leaders in Congress "if all they intend to do is outsource their jobs to the president."
Are Congressional Republicans Ready To Fight Trump's Tariff Madness?
Is Congress finally ready to get into the fight?
Trump Voters Stand by Their Man as He Wrecks Their Jobs
In Poplar Bluff, Missouri, support for Trump's tariffs is about tribalism more than anything else. That's dangerous and scary.
The Debt Clock Keeps Spinning
Federal debt now equals 78 percent of gross domestic product.
The Government's Economic Illogic Is on Display
Trump's tariffs are just part of the problem.
Will the Future Have No Work or Just Less Work?: Podcast
Economist Michael C. Munger argues the sharing economy is the next great economic revolution—and it's already underway.
Trump's Case for Tariffs Is Unraveling
Automakers, motorcycle manufacturers, the stock market, and even the White House's own analyses are telling Trump to change course.
Could Puerto Rico Be the Solution to Our Latest Immigration Fight?
The island's population has fallen dramatically even as Spanish speakers from other nations are desperate for a new home.
Utah Metalworking Company Cancels Expansion Plans Because Tariffs
The unseen costs of the Trump administration's bellicose trade policy matter too.
The President Shouldn't Act as an Arms Dealer to the Saudis
"The business of buying weapons that takes place in the Pentagon is a corrupt business."
3 Statistics That Will Make You Smarter and Happier
If you read Reason you already know these three pieces of good news about global trends.
All Over the World, People Love Bootleg Moonshine and Hate Taxes
If you don't want a black market in booze to develop, keep the tax man on a leash and regulators in check.
CBO: National Debt Projected to Surpass 150 Percent of GDP in Next 30 Years
Entitlement spending, health care costs, and the GOP tax legislation will drive up the debt.
As Markets Tank and Opposition to Tariffs Grow, Trump Stays the Course. Where is Congress?
"It's all working out great," Trump said in South Carolina. Few people seem to agree with that assessment.
Jack Daniel's Says It Will Raise Whiskey Prices in Europe Due to E.U. Tariffs
The E.U. retaliated against Trump's steel and aluminum tariffs. Now, whiskey drinkers will pay the price.
Easy to Win? Trump's Trade War Requires Handing More Power to Unelected Bureaucrats
One government intervention into the economy begets another, and American businesses are caught in the chaos. Good and easy to win? Not so much.
Harley-Davidson Will Shift Manufacturing Overseas To Avoid Tariffs
It can do that because it's a global brand, but other businesses aren't as lucky. And workers everywhere stand to lose.
Before Drug Prohibition, There Was the War on Calico
In 18th century France, wearing the wrong fabric could get you in big trouble.
Migrants Boost Per Capita Incomes and Lower Unemployment Finds Yet Another Study
Thirty years of data show "refugee burden" is a myth: Migrants to Europe have been a significant economic benefit
No, the Sharing Economy Isn't Dead
How to understand new data on independent contracting.
New Study Shows Drug War Sends Users to Dark Web
A new British study shows that rescheduling hydrocodone, a powerful opiate painkiller, just forced users onto the darknet to get their fix.
Iowa Farmers Could Lose $620 Million From U.S.-China Trade War
Commodities are falling across the board, but soybean farmers are taking the brunt. What's happening in Iowa is the perfect demonstration of why trade works.
As Evidence of Higher Prices Mounts, Trump Announces Yet More New Tariffs
Prices for steel, washing machines, and lumber spiked after Trump imposed tariffs on them. This time it will be different, right?
Trump's Economic Ignorance on Tariffs
Another week, another bumbling trade declaration from the president.
Hey, Libertarians, Maybe Republicans Just Aren't That Into You
June 12 was not a good day for free-market constitutionalism in the modern GOP.
Trump's Totally Free Trade Idea Is Really Smart
It's a damned shame that he doesn't seem to really believe in it.
