Corporate taxes and other taxes on investment constitute double and sometimes triple taxation. That's more unjust than taxation of labor or consumption. Businesses can't pay taxes; only people can. But who pays business taxes need bear no relation to whom the...
Economics
Crony Capitalism, Not Socialism, Is the Threat to America
John Stossel is on a constant mission to tell Millennials and Zoomers that they’ve got it way better than their parents ever did. Stossel breathlessly tells us in an October 1 Reason magazine article, "Today, Americans actually spend a smaller percentage of our money...
TGIF: Envy, Ignorance, Barbarism Triumph in New York
Democratic socialist Zohran Mamdani's mayoral victory in New York City is a triumph of moral barbarism, economic illiteracy, illogic, and just plain envy. Mamdani's campaign had a double pitch: billionaires should not exist, and "the people" deserve free stuff. At...
The Economics of Vaccines and Ethics of Mandates
The epistemological basis for the set of fundamental rules and principles for peace and justice is the ownership of one’s own body, because if people do not have the legitimate right to decide about it, what legal or moral reason would anyone else have to respect...
Three Years of Sanctions Prove John McCain Wrong About Russia
In March 2014, the late Senator John McCain of Arizona stood on the Senate floor and declared that "Russia is now a gas station masquerading as a country." He repeated this characterization the following year on CNN's State of the Union, elaborating that Russia was...
Trump and Xi Are Meeting Today: What Does this Mean for U.S.-China Trade?
As the leaves turn in Washington and the chill of autumn settles over global markets, the United States and China have once again danced to the familiar tune of trade negotiations. On October 26, 2025, following two days of closed-door talks in Kuala Lumpur, Malaysia,...
Sound Money and the Forgotten Engine of Progress
From 1820 to 1914, the classical gold standard provided the monetary foundation for one of the greatest economic transformations in history. Stable prices, disciplined credit, and broad trust in long-term savings enabled railroads, canals, telegraphs, electricity, and...
TGIF: The Libertarian Apostle of Peace
With Donald Trump furiously, ineptly, and fraudulently campaigning for the Nobel Peace Prize, it may interest liberals—the classical variety, libertarians—to know that the first Nobel Peace Prize, awarded in 1901, was shared by one of their own. This was a man who...
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