The Latest Breaking News from Milton Friedman

The troubling rise of Zohran Mamdani is about more than policy. It's about culture.

IN FOCUS: They promised utopian paradises, unshackled by governments and buoyed by tech. What they built instead was a costly illusion. Holly Baxter reports on how seasteading started, unraveled and is now rising again in popularity

According to a memo shared on Thursday, Hegseth described the spending on outside consultants as unnecessary. "These terminations represent $5.1 billion in wasteful spending ... and nearly $4 billion in estimated savings."

The Nobel Prize-winning economist says the Iron Triangle of Politics must be defeated to cut down the government for good.

Governments should just get out of the way of free trade among consumers and businesses.

Just as children outgrow their focused self-interest, corporate accountability means challenging companies to come of age.

If the Department of Government Efficiency goes about this the wrong way, we could be left with both a presidency on steroids and no meaningful reduction in government.

One perk that may materialize from Elon Musk upending the federal bureaucracy is the downfall of the government’s obsessive use of abbreviations.

As Donald Trump prepares for his inauguration, the world is preparing for the beginning of the second Trump Revolution. Trump’s second term will be very different from his first, when his powers were more limited and restrained. In 2016 he did not win a majority of the popular vote.