Trump vs. Free Markets
Much separates populist Republicans from progressive Democrats, but they all favor state control.
Much separates populist Republicans from progressive Democrats, but they all favor state control.
They are joining the Trump administration in urging the Supreme Court to uphold a federal law that disarms "unlawful" drug consumers.
From defense contracting and mortgage finance to credit, housing, and monetary policy, Trump is leaning heavily on command-and-control economics.
Lawmakers across the country are introducing bills that would make it easier to build smaller single-family homes on small lots.
No one likes high interest rates on credit cards and loans, but artificially lowering interest rates via executive power is not a solution.
Trump's second term lurches forward, powered by monarchical authoritarianism
The unrest started with a merchants' strike, escalated into a bloody crackdown—and might become an American war.
Plus: Wealth tax barely understood by its proponents, Jerome Powell investigated, why sobriety sucks, and more...
While owning a very small percentage of single-family homes, large investors provide renters with more options and increase home construction rates.
It is a “gesture” to keep the peace, according to Jorge Rodríguez, president of Venezuela’s National Assembly.
The plan is both light on specifics and full of contradictions.
The Supreme Court’s January docket is packed with big cases.
That embarrassing mistake highlights the slipperiness of Trump's attempts to justify legally dubious policies by invoking the specter of "foreign terrorist organizations."
Polar War demonstrates how difficult it is for armies to operate in the high north—and just how far America is behind Europe in Arctic warfare.
The president is making real progress on deregulation, but he needs to get Congress involved.
If an indictment is enough to justify military action, why bother seeking congressional approval?
Presidents should try to nudge the world toward more trade and less war whenever possible. Trump is doing the opposite.
Trump chose to work with a sanctioned regime insider rather than the country's elected opposition.
If interest rates stop being market signals and become policy decisions, what survives may look less like capitalism—and more like permanent crisis management.
Plus: Thank capitalism for the best parts of college football bowl season
Plus: The difficulties of rebuilding trust in public health, Maduro's arraignment, U.S. threats against Greenland, and more...
The chief justice hails the judiciary as “a counter-majoritarian check on the political branches.”
It is now available on SSRN. The revision adds additional evidence, and takes account of various recent events, including Trump's military intervention in Venezuela.
His explanation for why the Trump administration attacked Venezuela without congressional authorization does not stand up to scrutiny.
Plus: the illegality of the Maduro raid, the wide open question of what happens next, and more
You don't need a detailed theory to explain the departing congresswoman's journey.
Nicolás Maduro’s removal should be welcomed by anyone who values liberty. Yet data show Americans—led by the youngest adults—are turning noninterventionist.
Maduro is a brutal dictator who is getting what he deserves. But Trump's actions are still illegal, because lacking proper congressional authorization. Whether they result in a beneficial regime change in Venezuela remains to be seen.
When asked who would be in charge, Trump said: “We’re designating those people.”
The strikes against Venezuela and the capture of Nicolás Maduro might be popular or defensible. They were not legal.
Uniformed and armed men and women can be seen all over the city wielding leaf blowers, hoses, and brooms as they do municipal chores.
Even as the president blows up drug boats, the government routinely declines to pursue charges against smugglers nabbed by the Coast Guard.
Plus: the limits of Zohran Mamdani's ability to ruin New York, Trump's National Guard withdrawal, and a deadly New Year's blaze in Switzerland
Is the party heading deeper into the right wing fever swamps?
The president asserted broad powers to deport people, impose tariffs, and deploy the National Guard based on his own unilateral determinations.
Puzzling over a curious omission from the conservative justice.
The socialists of both parties want things to cost less. Only free markets can make that so.
Creeping authoritarianism in the European Union gets pushback from an administration that has its own rocky relationship with free speech.
Presidents, legislators, and police officers were desperate to blame anyone but themselves.
Lauren Hall looks at the roots of political tribalism, why voters feel trapped between false choices, and how radical moderation offers a way out of constant polarization.
The U.S. military is fighting or preparing to fight in more countries than it was when the self-proclaimed "peace president" took office.
The decision is a preliminary "shadow docket" ruling. But it strongly suggests the majority believes Trump's use of the Guard is illegal.
The justices suggested the president is misinterpreting "the regular forces," a key phrase in the statute on which he is relying.
The Trump administration’s trade war has made home-baked and store-bought treats more expensive.
In addition to its symbolic significance, rescheduling the drug will facilitate research and provide tax relief to state-licensed cannabis suppliers.
Is Bari Weiss censoring 60 Minutes or improving its output?
New from Reason: a look into what Javier Milei has accomplished and what it will take to make the most of Argentina’s window for real change. Out now for subscribers.