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The Latest Breaking News from Milton Friedman

Why OpenAI is a prime example of the ethical limits of capitalism

As OpenAI marks its tenth birthday in December 2025, it can celebrate becoming one of the world’s leading companies, worth perhaps as much as US$1 trillion (£750 billion). But it started as a non-profit with a serious moral mission – and its story demonstrates the difficulty of combining morality with…

The Conversation

Why I Support Reason with a Tax-Deductible Donation (and You Should Too!)

The magazine of free minds and free markets has changed millions of minds—including mine—to take freedom seriously.

Reason

A conversation that never took off: When Nikhil Kamath’s nervous schoolboy energy met Elon Musk

Among internet personalities who speak too much, Elon Musk occupies a special place. The entire world ( including many Indians) know his views on free speech, wokism, on rockets, on civilisation, on Trump and on the people he is fighting on X with this week. Which is why an Indian…

Newslaundry

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Abolish Property Taxes?

Florida Republicans propose not one, not two, but seven different constitutional amendments to cap, cut, or even eliminate property taxes.

Reason

New York City Is About To Elect a Socialist Mayor in Zohran Mamdani. Why Won't This Failed Ideology Die?

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

Reason

Seasteading is making a comeback — but these utopian paradises on the high seas have a history of failure

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

The Independent UK

Is MAGA going Marxist and Maoist? Trump's assault on free-market capitalism

Many business leaders are horrified at the prospect of New York City turning socialist under Zohran Mamdani, but Trump's assaults on free-market capitalism make him look like John D. Rockefeller.

Fortune

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How the neoliberalism of ‘Hayek’s Bastards’ changed the world – and fuelled the rise of the populist right

Neoliberalism has had an enormous influence on the world, driving policy and governance at the national and international level, particularly since the 1980s, when it was championed by the Reagan administration in the United States and the Thatcher government in the United Kingdom.

The Conversation

Milton Friedman Disproved Trump's Argument for Tariffs Decades Ago

In a 1978 appearance at Utah State University, the Nobel Prize–winning economist provided the perfect retort to those who blindly argue we should "build in America."

Reason

Inside the city where people are choosing pampered pets over children

The rising passion for dogs has coincided with falling human fertility

The Independent UK

Trump Admin Cancels $5.1B Pentagon IT Contracts With Accenture, Deloitte

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."

International Business Times

Milton Friedman's Warning to DOGE

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

Reason

All Trade is Reciprocal. Trump's Tariffs Interfere With That Reciprocity.

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

Reason

‘Corporate social responsibility’ is a flawed concept. What we really need is ‘corporate accountability’

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

Fortune

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Reason

How Would Milton Friedman Do DOGE?

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.

Reason

RIP to Government Acronyms

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

The Conversation

The Trump revolution: where it came from and where it’s going

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.

Reason

2024's Unprecedented Rise in Homelessness Shows the Tension Between Free Shelter and Free Movement

Milton Friedman once observed that you can't have open immigration and a welfare state. He was mostly right.

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The Guardian - US

Janet Yellen issues warning to Congress as US nears debt limit

Treasury secretary says ‘extraordinary measures’ needed to avoid default, and urges lawmakers to raise borrowing limit

The Walrus

How the 1980s Engineered the Collapse of the Working Class

Forty years later, policies to prop up the super rich are still going strong

Al Jazeera

What do Elon Musk and Vivek Ramaswamy plan to do with DOGE?

Musk wants to slash government spending by a third, and Ramaswamy wants to cut 75% of the federal workforce. Can they?

Reason

Abolish the Fed

A central bank is not essential to a functioning economy.

Reason

How Milton Friedman Can Help Us Get Through Hurricane Milton

To give storm victims the best chance at recovery, let local knowledge and markets guide decisions.

The Conversation

More and more, business schools want to show they’re making a positive impact on society. But how should they measure it?

Back in 1970, the economist Milton Friedman famously argued that businesses have a single responsibility: to increase profit. For decades, the so-called “Friedman doctrine” amounted to dogma in certain circles, including at many business schools.

The Conversation

Why is the Reserve Bank independent from government, and why does it matter?

Negotiations over reforms to the Reserve Bank of Australia this week took an unprecedented turn when the Greens demanded the government use its reserve powers to immediately cut interest rates.

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