President Joe Biden and Sen. Elizabeth Warren (D–Mass.) are blaming corporate America for “shrinkflation,” where a company charges the same amount for a product while reducing the product’s size or quantity. Recently, Senator Bob Casey (D–Pa.) introduced the Shrinkflation Prevention Act, which declares shrinkflation a deceptive business practice and would forbid companies to engage in […]
Washington Post columnist Megan McArdle recently wrote that the best argument made in favor of limiting the size of the stimulus during the Great Recession—part of a larger conversation about austerity—was one of ethos. “We weren’t spending the money in theory,” she wrote, “or in 1945, when an ethos of fiscal responsibility prevailed. We were […]
Misery loves company, as they say. But does financial irresponsibility also enjoy spending a little quality time with friends? If so, it’s quite a party. While the U.S. government is famously running up debt to stratospheric levels, governments around the world have been spending beyond their means and borrowing to make ends meet. The likely […]
In a recent interview with former President Donald Trump, CNBC’s Joe Kernen called entitlement reform “a third rail of politics” and suggested “there’s not a whole lot of difference” between Trump and President Joe Biden on the issue. The contretemps that followed confirmed the accuracy of both observations, illustrating yet again the bipartisan refusal to […]
In this week’s The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman assess the Justice Department’s nonsensical antitrust case against Apple before turning their attention to Donald Trump’s $464 million bond payment deadline in his New York civil fraud case. 00:41—Bonkers antitrust suit against Apple 20:27—Congress passes $1.2 trillion spending package […]
Andy Warhol once said, “In the future, everyone will be House speaker for 15 minutes.” Well, he didn’t say that exactly. But a similar sentiment is at play in Washington, D.C. On Friday, Rep. Marjorie Taylor Greene (R–Ga.) introduced a motion to vacate that would remove Rep. Mike Johnson (R–La.) as House speaker. Johnson was […]
A Republican budget plan released Wednesday included one of the most obvious, low-hanging ideas for shoring up Social Security: Raising the eligibility age for benefits from 67 to 69. That idea was included within a 180-page budget plan released by the House Republican Study Committee (RSC), a policy-focused group that includes most but not all […]