


By John Kass Sunday Dec. 7, 2025 For the 40 years that my wife and I have been together, she’s never lobbied me about a column. Not once. Not even when my writing made things difficult for her socially, when I was the lead columnist at the Tribune, a conservative, and our small West Suburban […]

We are watching a cultural inheritance unravel faster than families can pass it down.

How should we assess whether President Donald Trump’s tariffs have been effective? It’s an important question—yet frustratingly difficult to answer. Trump has outlined overlapping, confusing, and sometimes competing goals for the tariffs. He’s celebrated them as a source of government revenue, for example, but also claimed they are meant as a negotiating tactic. They can’t […]

In these fraught political times when our political choices are largely limited to authoritarian Republicans and totalitarian Democrats and federal agencies vie for opportunities to violate individual rights, it’s difficult to feel anything other than contempt for government. It’s worth remembering, though, that the current mess isn’t a good representation of the Founding ideals of […]

12/8/1902: Justice Oliver Wendell Holmes takes the oath. Justice Oliver Wendell Holmes The post Today in Supreme Court History: December 8, 1902 appeared first on Reason.com.

I. The Double-Edged Sword of Futures Leverage Futures contracts represent one of the most capital-efficient instruments available in global financial markets, offering speculators and hedgers the ability to control large notional values of assets—such as global stock indices, crude oil, or currencies—with a minimal upfront cash deposit. This mechanism, known as leverage, is the primary […]

China once stood at the center of global supply chains. Yet its role in U.S. trade has been shrinking fast. A decade ago, nearly 90% of supplier volume came from China, Hong Kong, and Korea. Today that share sits closer to 50%. Trump’s first tariff push triggered the shift, and companies have kept moving ever […]