The Latest Breaking News from Milton Friedman

The rising passion for dogs has coincided with falling human fertility

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."

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.

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

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

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

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

A central bank is not essential to a functioning economy.