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    News

    The Reason Roundtable

    Every Monday, the libertarian editors of the magazine of “Free Minds and Free Markets”—Matt Welch, Nick Gillespie, Katherine Mangu-Ward, and Peter Suderman—discuss and debate the week’s biggest stories and what fresh hell awaits us all.

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    Copyright: © 2023 Reason Foundation

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    Latest Episodes:
    What the Media Didn't Tell You in 2025 Dec 30, 2025
    Show notes

    This week, editors Peter Suderman, Katherine Mangu-Ward, and Matt Welch are joined by Reason senior editor Robby Soave to share the stories they believe didn't receive sufficient media attention in 2025. Each panelist selected a story from 2025 in the categories of politics, private industry, global affairs, and culture that deserves a closer look as we head into 2026.

    0:00—Political stories that deserved more attention

    11:14—The year's underreported economic stories

    25:56—Global stories the media overlooked in 2025

    37:19—Cultural moments that flew under the radar

    Mentioned in This Podcast

    "The Trump Admin Wants Western Union and MoneyGram To Report on Immigrants," by Matthew Petti

    "Treasury Department Surveillance at the Southern Border Faces Fourth Amendment Challenges," by Tosin Akintola

    "Taking $200 Out of an ATM Should Not Trigger Federal Financial Surveillance," by Joe Lancaster

    "Banks Are Narcing on You Because Congress Forces Them To," by Nicholas Anthony

    "How Trump's Travel Crackdown Is Hurting Americans at Home and Abroad," by Matt Welch

    "Nepal's Socialist Government Banned Social Media, So Activists Plotted a Revolution—on Discord," by Matthew Petti

    "Biden Strengthened the Refugee Resettlement System. Will Trump Undo It?"
    by Fiona Harrigan

    "Worldwide Refugee Population Hits All-Time High, U.S. Intake Reaches All-Time Low," by Matt Welch

    The post What the Media Didn't Tell You in 2025 appeared first on Reason Magazine.


    Can J.D. Vance Stop a MAGA Civil War? Dec 23, 2025
    Show notes

    This week, editors Peter Suderman, Katherine Mangu-Ward, and Matt Welch are joined by Reason reporter Eric Boehm to discuss Turning Point USA's AmericaFest and the GOP coalescing around Vice President J.D. Vance as President Donald Trump's successor. They analyze Sen. Rand Paul's (R–Ky.) opposition to endorsing Vance as the party's next standard-bearer, and whether this signals he will challenge Vance for the nomination in 2028. Katherine also shares what it was like attending the conference, plus her debate over marijuana legalization as the Trump administration moves to reclassify marijuana from Schedule I to Schedule III.

    The editors then turn to the bipartisan backlash over the latest Jeffrey Epstein file release, in which more than 500 pages were completely redacted, prompting Reps. Thomas Massie (R–Ky.) and Ro Khanna (D–Calif.) to threaten charges of "inherent contempt" against Attorney General Pam Bondi. The panel also discusses the Trump administration's seizure of additional Venezuelan oil tankers, plus the announcement of new military strikes in Syria. They dig into Minnesota's widening welfare fraud scandal, and whether conservative media is using it to scapegoat Somali immigrants. A listener asks whether Christmas expands our "socialist bubble" of family and community and what that says about capitalism, socialism, and human nature.

    0:00—Debating marijuana at Turning Point USA

    4:10—J.D. Vance is the MAGA heir apparent

    14:47—Massie and Khanna react to Epstein file release

    25:14—U.S. foreign policy in Venezuela and Syria

    38:09—Listener question on socialism and Christmas

    47:59—Minnesota welfare fraud scandal

    1:01:28—Weekly cultural recommendations

    Mentioned in This Podcast

    "Cannavictory," by Liz Wolfe

    "Trump Orders the 'Expeditious' Reclassification of Marijuana," by Jacob Sullum

    "Heritage Foundation Undergoes Mass Staff Exodus as Cracks Open on the New Right," by Stephanie Slade

    "Epstein Wanted To Turn His Island Into a Resort for Paying Customers," by Matthew Petti

    "Oil Tanker Seized," by Liz Wolfe

    "If the Syrian War Is Over, Why Are Americans Still Getting Killed in Syria?" by Matthew Petti

    "Trump's Somali Insults Are a Disgrace," by Steven Greenhut

    "The Real Villain in Minnesota's $1.5 Billion Fraud Scandal Isn't Somalis—It's the Feds," by Jack Nicastro

    "Medicare Whac-A-Mole," by Peter Suderman

    "What We Get Wrong About the American Revolution," by Nick Gillespie

    "Avatar: Fire and Ash Is Part Spectacle, Part Retread," by Peter Suderman

    The post Can J.D. Vance Stop a MAGA Civil War? appeared first on Reason Magazine.


    Reason Vs. Breaking Points: Does Big Tech Do More Good Than Harm? Dec 17, 2025
    Show notes

    Reason's Robby Soave and Elizabeth Nolan Brown square off with Breaking Points' Emily Jashinsky and Ryan Grim in a no-holds-barred debate over Big Tech. The Reason team argues that technology has dramatically improved everyday life—and that those benefits can't be ignored. Their opponents counter that Big Tech's power is inseparable from big government, and that the two can't be untangled.

    Resolution: Big Tech does more good than harm.

    Affirmative: Robby Soave and Elizabeth Nolan Brown

    Negative: Emily Jashinsky and Ryan Grim

    Moderator: Peter Suderman

    0:00—Andrew Heaton's warmup

    6:31—Opening statements

    31:03—Moderator questions and debater discussion

    53:47—All the debaters make their case using props

    1:02:10—Audience questions

    1:23:25—Closing statements

    1:40:20—Final debate results

    The post <em>Reason</em> Vs. <em>Breaking Points</em>: Does Big Tech Do More Good Than Harm? appeared first on Reason Magazine.


    Should Libertarians Support Federal AI Regulation? Dec 16, 2025
    Show notes

    This week, editors Peter Suderman, Katherine Mangu-Ward, and Matt Welch are joined by associate editor Liz Wolfe to discuss President Donald Trump's executive order blocking states from enforcing their own artificial intelligence regulations. The panel debates whether a single national framework for AI is necessary to keep American tech companies competitive or whether it represents a serious blow to federalism. They also examine the White House potentially reclassifying marijuana as a Schedule III drug and what that change could mean for the cannabis industry, tax policy, and federal drug enforcement.

    The editors then turn to mass shootings in Australia and at Brown University, including the actions of a bystander credited with saving lives at Bondi Beach, and what these incidents suggest about gun control debates. They discuss the U.S. seizure of a Venezuelan oil tanker and threats of land strikes against the Nicolás Maduro regime, and cover the conviction of Hong Kong media tycoon Jimmy Lai under China's national security law and what it signals for press freedom and U.S.-China relations. A listener asks whether modern socialism reflects moral aspirations that could be redirected toward liberty rather than centralized power.

    0:00—Trump blocks states from regulating AI

    10:31—Reclassifying marijuana as a Schedule III drug

    18:39—Mass shootings in the U.S. and Australia

    26:59—U.S. seizes Venezuelan oil tanker

    36:48—Listener question on optimism for socialism

    46:08—Jimmy Lai found guilty by Hong Kong court

    57:12—Weekly cultural recommendations

    Mentioned in This Podcast

    "Donald Trump Tries To Override State AI Regulations via Executive Order," by Jack Nicastro

    "Trump Will Let Nvidia Sell Chips to China—but the Feds Will Get 25 Percent of the Profits," by Tosin Akintola

    "Trump's Plan To Reclassify Marijuana Would Leave Federal Prohibition Essentially Untouched," by Jacob Sullum

    "Stoner King Trump," by Liz Wolfe

    "Shootings at Bondi and Brown," by Liz Wolfe

    "Trump Dares Congress To Take Its War Powers Seriously in Venezuela," by Matthew Petti

    "Trump Is Still Claiming He Saves '25,000 American Lives' When He Blows Up a Suspected Drug Boat," by Jacob Sullum

    "Mark Clifford: A Political Prisoner Fights for Free Speech in China," by Billy Binion

    "Is Free Speech Doomed in Hong Kong?" By Jack Nicastro

    "'I Owe Freedom My Life': Jimmy Lai Is Imprisoned for Criticizing the Chinese Government," by John Stossel

    "Hong Kong's Free Press Is Dying," by Liz Wolfe

    The post Should Libertarians Support Federal AI Regulation? appeared first on Reason Magazine.


    Why Elizabeth Warren and Donald Trump Hate the Netflix Deal Dec 09, 2025
    Show notes

    This week, editors Peter Suderman, Katherine Mangu-Ward, and Matt Welch are joined by associate editor Liz Wolfe to sort through the political free-for-all surrounding the Warner Bros. and Netflix merger. They look at why Sen. Elizabeth Warren (D–Mass.) is urging regulators to block the deal, why President Donald Trump says he plans to get personally involved, and how Jared Kushner's role in a rival Paramount bid is reshaping the fight. The panel digs into whether this moment signals a real return to trustbusting or another round of theatrics from both sides.

    The editors then turn to the economy, where Trump's tariff strategy is colliding with rising layoffs and growing unease within his own party. They assess the administration's new national security posture as Congress advances a defense bill that exceeds White House requests, and discuss the uproar over Kalshi's push to turn opinion into a tradable market. Also, a listener asks whether a renewed turn toward religious faith could help the country lower its political temperature.

    It's that time of year when we ask you to open your wallets, dear listener, and make a tax-deductible donation to Reason's annual webathon: https://reason.pub/4pzsSOE.

    0:00—Antitrust and the Netflix-Warner Bros. acquisition

    19:17—Tariff failures and rising unemployment

    27:43—National security strategy memo

    36:50—Listener question on polarization and faith

    48:13—Kalshi's controversial online gambling vision

    58:33—Weekly cultural recommendations

    Mentioned in This Podcast

    "Warner Bros. Accepts Netflix's $83 Billion Bid, but Antitrust Threats Still Loom," by Jack Nicastro

    "Trump's Tariffs Were Supposed To Cut the Trade Deficit and Boost U.S. Manufacturing. They're Not Working," by Eric Boehm

    "Ask Us Anything: Libertarians Answer Your Questions," by Peter Suderman, Katherine Mangu-Ward, Robby Soave, and Matt Welch

    "Kalshi CEO Says He Wants to Monetize 'Any Difference in Opinion,'" by A.J. Dellinger

    "America Pulls Back From Values That Once Defined It, WSJ-NORC Poll Finds," by Aaron Zitner

    "CNN's Bari Christmas," by Dylan Byers

    Upcoming Reason Events

    Reason Versus debate: Big Tech Does More Good Than Harm, December 10

    The post Why Elizabeth Warren and Donald Trump Hate the Netflix Deal appeared first on Reason Magazine.


    Ask Us Anything: Libertarians Answer Your Questions Dec 05, 2025
    Show notes

    It's that time of year when we ask you to open your wallets, dear listener, and make a tax-deductible donation to Reason's annual webathon: https://reason.pub/4pzsSOE.

    In this special episode of The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Robby Soave, and Peter Suderman respond to all of your burning questions. Nothing is off limits!

    The post Ask Us Anything: Libertarians Answer Your Questions appeared first on Reason Magazine.


    Is Economic Anxiety Driving People to Socialism? Dec 02, 2025
    Show notes

    This week, editors Peter Suderman, Katherine Mangu-Ward, Nick Gillespie, and Matt Welch dig into the disconnect between strong Black Friday spending and a public mood shaped by rising costs, economic anxiety, and slipping approval numbers for President Donald Trump. They explore why so many Americans feel poorer despite higher overall wealth, how regulation and subsidies have distorted key markets like housing and health care, and what to make of polling that shows young voters warming to democratic socialism.

    The conversation then turns to the war crime allegations against Defense Secretary Pete Hegseth, who allegedly gave the orders to "kill everybody" on Venezuelan boat strikes that resulted in the killing of survivors, and what limits actually exist on the use of military force. The editors also examine a new federal ban on hemp products and the damage it could inflict on a growing legal industry. A listener asks whether recent Immigration and Customs Enforcement (ICE) actions signal a troubling erosion of constitutional protections, and the group takes time to reflect on the legacy of playwright Tom Stoppard and his long association with free speech and small government ideals.

    Join us this Thursday, December 4, at 2:30 p.m. ET for a special live edition of The Reason Roundtable as part of our annual webathon. Send your questions for the Reason editors to podcasts@reason.com with "Webathon" in the subject line.

    Watch at: https://www.youtube.com/watch?v=yaOOdtJqzmY

    0:00—Economic anxiety and standards of living

    18:45—War crime allegations against Hegseth

    32:09—Federal hemp ban threatens industry

    37:35—Listener question on ICE constitutionality

    46:45—The legacy of Tom Stoppard

    56:31—Weekly cultural recommendations

    Mentioned in This Podcast

    "Toplines - Heartland Nov 2025 Democratic Socialism," by Rasmussen Reports

    "New Low in U.S. 'Very Satisfied' With Personal Life," by Gallup

    "'Kill Everybody,'" by Christian Britschgi

    "Trump's Venezuela Escalation Could Destroy MAGA, Warns Rand Paul," by Jacob R. Swartz

    "What Does Fentanyl Have to Do With Alleged Drug Boats 2,600 Miles Away? Absolutely Nothing," by Tosin Akintola

    "Trump Allegedly Misidentified a Colombian Fisherman as a Venezuelan 'Narcoterrorist,'" by Jacob Sullum

    "The Constitution Does Not Allow the President To Unilaterally Blow Suspected Drug Smugglers to Smithereens," by Rand Paul

    "They Built a Hemp Business in Good Faith but Washington Is About To Crush It," by Brittany E. Hunter

    "Trump vs. the Constitution," by Damon Root

    "5% of People Detained By ICE Have Violent Convictions, 73% No Convictions," by David J. Bier

    "Hot August Fright: The Month Republicans Lost Their Minds Over Immigration," by Matt Welch

    "How Lou Reed Inspired Anti-Communist Revolutionaries and the Rest of Us," by Matt Welch

    "Václav Havel's Funeral: Why Truth Needs Love," by Matt Welch

    Upcoming Reason Events

    Reason Versus debate: Big Tech Does More Good Than Harm, December 10

    The post Is Economic Anxiety Driving People to Socialism? appeared first on Reason Magazine.


    Trump Embraces Mamdani Socialism as 'Practical' Nov 25, 2025
    Show notes

    This week, editors Peter Suderman, Katherine Mangu-Ward, and Nick Gillespie are joined by Reason senior editor Robby Soave to discuss President Donald Trump's unexpectedly warm White House meeting with New York mayor-elect Zohran Mamdani and why he now describes the socialist's agenda as "practical." They examine what this moment suggests about Trump's shifting political instincts, how it fits with his recent comments on tariffs and the state of the economy, and what the disbanding of the Department of Government Efficiency (DOGE) signals about his governing approach.

    The group then looks at Trump's attempt to influence the pending Warner Bros. merger and the broader media landscape, including worries about misinformation and new reporting that major MAGA influencer accounts on X are operating from overseas. The panel also considers the implications of six Democrats telling service members they do not have to obey illegal orders and the ensuing backlash. A listener asks how to reconcile consumer benefits from intense market competition with the need to preserve incentives for long-term innovation and investment.

    0:00—DOGE disbands

    4:02—Trump meets Mamdani in the oval office

    14:50—White House seeks influence over Warner Bros. merger

    27:58—Red Scare, Oliva Nuzzi, and cancel culture

    38:46—Listener question on preserving incentives in a market economy

    51:29—Democrats encourage military not to follow illegal orders

    57:49—Weekly cultural recommendations

    Mentioned in This Podcast

    "Republican Socialism," by Eric Boehm

    "To the Socialists of All Parties," by Katherine Mangu-Ward

    "A Dirge for DOGE," by Christian Britschgi

    "How I Found Out: Part 1," by Ryan Lizza

    "FDR's War Against the Press," by David T. Beito

    "Mamdani Understands Something About Trump That European Leaders Don't," by Matthew Petti

    Upcoming Reason Events

    Reason Versus debate: Big Tech Does More Good Than Harm, December 10

    The post Trump Embraces Mamdani Socialism as 'Practical' appeared first on Reason Magazine.


    How the Epstein Files Turned MAGA Against Trump Nov 17, 2025
    Show notes

    This week, editors Peter Suderman, Katherine Mangu-Ward, and Nick Gillespie are joined by Reason reporter Eric Boehm to unpack President Donald Trump's sudden shift on the Jeffrey Epstein files after trying to block the vote, the GOP pressure campaign behind it, and what the episode suggests about his grip on the party. They also examine Trump's mixed signals on tariffs, including his move to roll back duties he imposed in the first place, and whether this moment reinforces the basic economic arguments critics have made for years. The group also digs into whether Trump's proposed tariff dividend makes any economic sense.

    The conversation then turns to rising tensions with Venezuela as unauthorized strikes continue and Trump signals interest in direct talks with Nicolás Maduro. A listener then asks what would need to change in order to push American health care away from government-run insurance and toward a system shaped by private plans.

    0:00—The Epstein files fracture Trump's coalition

    18:12—Tariff rollbacks and stimulus checks

    36:17—Listener question on government healthcare

    47:33—More unauthorized military strikes in Venezuela

    56:54—Weekly cultural recommendations

    Mentioned in This Podcast

    "Trump's Epstein Reversal," by Liz Wolfe

    "Jeffrey Epstein: Trump 'Spent Hours At My House' With Victim," by Matthew Petti

    "State of U.S. Tariffs: October 30, 2025," by Yale Budget Lab

    "Trump's Tariffs Are Likely To Make Toys More Expensive This Christmas Shopping Season," by Eric Boehm

    "The Trump Administration Finally Admits That Tariffs Raise Prices," by Eric Boehm

    "Tariff Stimulus Checks Are an Unserious Idea," by Eric Boehm

    "Wanted: Honesty on Health Care," by Shikha Dalmia

    "What Free Market Health Care Would Actually Look Like," by John Osterhoudt

    "How Making GLP-1s Available Over the Counter Can Unlock Their Full Potential," by Jeffrey A. Singer

    "Presidential Drift: Clinton's Haiti policy has no anchor," by Nick Gillespie

    "Don't Send Cubans and Venezuelans Back To Suffer Under Communism," by Billy Binion

    "Maduro and His Crony Made Millions While Venezuelan Children Starved," by César Báez

    "Britain and Colombia Cut Off U.S. Intelligence Access Over Caribbean Boat Bombings," by Matthew Petti

    Upcoming Reason Events

    Reason Versus debate: Big Tech Does More Good Than Harm, December 10

    The post How the Epstein Files Turned MAGA Against Trump appeared first on Reason Magazine.


    Did Democrats Blow It on the Government Shutdown? Nov 11, 2025
    Show notes

    This week, Reason editors Peter Suderman, Katherine Mangu-Ward, and Matt Welch are joined by the editor in chief of The Argument, Jerusalem Demsas, to discuss the end of the government shutdown and what Democrats actually gained from it. They examine the renewed focus on Obamacare subsidies and how both parties are struggling to articulate a coherent health care vision that moves beyond stale talking points.

    The group then turns to Zohran Mamdani's win in New York and what it reveals about the uneasy overlap between the abundance movement and the rising progressive wing of the Democratic Party. The panel digs into President Donald Trump's talk of $2,000 tariff "dividends," and whether it undermines his claim that affordability is "a con." They also examine the differences and similarities between modern-day liberals and libertarians. A listener then asks whether fixing America's broken health care system should start with reforming insurance or dramatically expanding the supply of doctors.

    0:00—What did Democrats gain from the government shutdown?

    19:34—Obamacare subsidies and healthcare in the spotlight

    26:30—The abundance agenda vs. socialism

    41:34—Tariff dividend checks and the affordability "con"

    46:14—Listener question on health insurance

    57:07—Difference between liberalism and libertarianism

    1:13:11—Weekly cultural recommendations

    Mentioned in This Podcast

    "Reopening?" by Liz Wolfe

    "America's Longest Government Shutdown Shows Why We Must Free Air Traffic Control from Politics," by Robert Poole

    "Mamdani's Win Suggests a Socialist Future for Democrats and a Rocky One for American Politics," by J.D. Tuccille

    "No Excuses for Zohran Mamdani and Radical Socialism," by Robby Soave

    "Mamdani Teaming Up With Lina Khan Paints a Grim Picture of What's To Come," by Elizabeth Nolan Brown

    "New York Voters Say Yes to Faster Housing Approvals," by Christian Britschgi

    "Mamdani Claims 'Mandate' for Bigger Government: 'There Is No Problem Too Large for Government To Solve,'" by Joe Lancaster

    "6 Zohran Mamdani Campaign Promises That New York City Can't Afford," by Jack Nicastro

    "The People Who Wrecked N.Y. Schools Love Zohran Mamdani," by Matt Welch

    "Trump Seems Very Confused About 'Affordability,'" by Eric Boehm

    "Abundance Makes the Case for 'Supply-Side Progressivism,'" by Virginia Postrel

    "The Death of Contrarianism," by Matt Welch

    The post Did Democrats Blow It on the Government Shutdown? appeared first on Reason Magazine.


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