The Latest Breaking News from Reason

Economist Bob Murphy explains the technical details of government debt and why Modern Monetary Theory is so dangerously wrong.

Sounds like the author wanted to write "breach-of-contract action," but inadvertently contracted it. A search finds about ten other opinions that speak of "breach of contraction," usually just for "breach of contract" but in one instance likewise seeming to refer to a breach of contract action.

American firms are not responsible for how the taxes they pay are spent.

Plus: Chinese "illegal agent" in New York's government, Netanyahu wants to take over Gaza humanitarian aid, and more...

Cuban's Cost Plus Drugs project brings a bit of free market flair to the health care industry, but the lack of meaningful price signals is only part of the problem.

In Pax Economica, historian Marc-William Palen chronicles the left-wing history of free trade.

A front-line report from the Kursk offensive reveals that in the battle for hearts and minds, Ukraine’s resolve outpaces Russia’s crumbling morale, signaling an inevitable conclusion.

The city of Seaside, California, ordered a man to cover the boat parked in his driveway. He offered a lesson in malicious compliance.

In Norwood, Massachusetts, 12-year-old Danny Doherty set up a homemade ice cream stand to raise money for the Boston Bear Cubs, a hockey team for children with physical and developmental disabilities, including his brother. But after just a few days of operations and only 20 customers, Doherty got a letter…

Housing costs, job availability, energy prices, and technological advancement all hinge on a web of red tape that is leaving Americans poorer and less free.

ProPublica obtained a recording of a call that the First Liberty Institute held with donors. [For full disclosure, I have spoken at several First Liberty events.] As readers of this blog likely know, First Liberty has litigated landmark religious liberty cases before the Supreme Court, including Kennedy v. Bremerton School…