IGEG
Institute for Global Economic Growth
by Richard W. Rahn
The irony is that the refusal by those on the left, in both Europe and the United States, to deal with the "entitlement" problem is going to cause an involuntary austerity in which real incomes are going to fall for most people.
Geithner's willful negligence
by Richard W. Rahn
Over the past several years, Treasury Secretary Timothy F. Geithner was warned by many private economists and members of Congress of the adverse consequences of a proposed rule that would force U.S. banks to be uncompensated tax collectors for foreign governments. On April 17, Mr. Geithner issued the rule anyway.
Corporate tax madness
The Washington Times, April 24, 2012
by Richard W. Rahn
The United States already has the highest corporate tax rate in the world, but the Obama administration is proposing to make the U.S. even less competitive internationally by reducing the corporate tax deferral on income made abroad.
Buffett rule's deceitful consequences
by Richard W. Rahn
The tax would only bring in a minuscule amount of revenue. Private tax economists, however, using dynamic models rather than government models that fail to account for all the changes in behavior, find the tax would be a big revenue loser.
American income tax tyranny
by Richard W. Rahn
Americans, now 236 years removed from the Declaration of Independence, have acquiesced to far more tax tyranny - and I do not use that word lightly - than the British tax tyranny that ignited our revolt.
No more GOP whining about overregulation
The Washington Times, March 27, 2012
by Richard W. Rahn
There is still much House Republicans can do through the appropriations process to prevent many of the excesses of government.
Batumi "Miracle"
The Washington Times, March 20, 2012
by Richard W. Rahn
While most of the high-income countries are in the process of squandering the wealth they once created, there are places on the globe that are making great progress merely by doing the right things.
Gauging the financial tipping point
by Richard W. Rahn
Despite the encouraging U.S. jobs-report data last week, the fiscal situation in the United States and most of the rest of the world continues to deteriorate.
Job-killing madness
The Washington Times, March 6, 2012
by Richard W. Rahn
Most people intuitively understand that job creation requires capital investment, but many in the Obama administration and in Congress seem to have missed this basic fact of economic life.
Fixing the Federal Reserve
by Richard W. Rahn
There is a growing consensus that the Federal Reserve is broken - because it is. The Fed was established to provide price stability and prevent periodic banking crises. It has accomplished neither.
Tax advice for GOP candidates
The Washington Times, February 21, 2012
by Richard W. Rahn
Of those who are running for president, who has the best and worst tax plans? The worst plan is easy: President Obama’s.
Obama has no plan B
by Richard W. Rahn
Business executives often are faced with having to make drastic cuts in the size of their operations - because of changes in technologies or markets - in order to preserve and rebuild the company. Politicians and government executives often attempt to avoid hard choices - the new Obama budget being Exhibit 1. A fiscal contingency plan is needed now to avoid additional pain from the coming economic disaster.
Intellectual and policy corruption
by Richard W. Rahn
As a result of policy corruption, specifically failing to make sure government spending and regulations meet reasonable cost-benefit tests, employment and income growth have lagged, with most Americans reporting lower after-inflation adjusted incomes than four years ago.
Obama's odd sense of fairness
The Washington Times, January 31, 2012
by Richard W. Rahn
The actual tax rate Mitt Romney, Warren Buffet and most other wealthy people pay on dividends, when correctly calculated, is about 52 percent, as reported by the Organization for Economic Cooperation and Development (OECD), which includes the federal and state corporate-level-profits tax burden, plus federal and state taxes on dividends.
Merchants of misinformation
by Richard W. Rahn
If I were advising Mr. Romney, I would tell him to stop being defensive about being rich and challenge the other candidates and members of the news media to prove that they have no money directly or indirectly in Cayman-registered funds, insurance companies or trusts - a test most almost certainly would fail - for good reason.
Tale of two small countries
by Richard W. Rahn
Cayman is rich, and Belize is poor. Why? Both are small Caribbean countries with the same climate and roughly the same mixed racial heritage, and both were English-speaking British colonies.
Snooker - Democrats' favorite pastime
The Washington Times, January 10,2012
by Richard W. Rahn
The House dutifully complied with the Budget Act and passed a budget resolution. The Senate did not - in fact, it has been three years since the Democrat-controlled Senate passed a budget resolution. Without a binding budget resolution signed onto by both houses of Congress, the appropriators basically had free rein, which is exactly what the majority of Democrats wanted.
Purveyors of financial destruction
The Washington Times, January 3, 2012
by Richard W. Rahn
But it only gets worse. The United States is in the process of driving hundreds of billions of dollars, if not a trillion or more of needed foreign investment that creates jobs and fuels new technologies, out of the country because of the new Foreign Account Tax Compliance Act (FATCA).
“Countries which have a strong rule of law, protect private property, engage in relatively free trade, have free markets, use a sound currency, and maintain relatively low levels of government spending, taxing, and regulation, will grow much more rapidly than those countries that do not follow these constructive policies.”
- Dr. Richard W. Rahn
Chairman
SEE PUBLICATIONS BY DR. RICHARD W. RAHN
The Economics of Terrorism
THE ANNALS OF ENTROPY AND THE QUEST FOR A NEW GLOBAL EQUILIBRIUM
Unlike natural disasters, which have no human intelligence, rationality or calculation behind them, terrorism is a human phenomenon, planned and executed by human beings. Thus, even though the cost-benefit calculations may be highly negative, the very lack of expensive preventive measures will exponentially increase the likelihood and incidence of terrorist attacks.
Waiting for Constantine
THE ANNALS OF ENTROPY AND THE QUEST FOR A NEW GLOBAL EQUILIBRIUM
by Nornam A. Bailey and Alexander Mirtchev
The U.S. Colossus with Feet of Clay
The Globalist, July 28, 2010
by Norman A. Bailey
If we are an empire, we must behave as such — or suffer terminal decline. If we are not, then we must return to our founding principles — or suffer terminal decline. Those are our choices.
THE CORPORATE STATE
by Norman A. Bailey
The Obama administration has been accused by opponents of moving towards socialism, but the measures taken so far are much closer to the corporate state model.
THREATS IN THE HEMISPHERE
The Washington Times, September 4, 2008
By Norman A. Bailey
It is high time the
ECONOMIC STATECRAFT
By Norman A. Bailey, Ph.D.
In recent decades economic statecraft, that is, the use of economic measures to contribute to the achievement of foreign policy goals, has practically been reduced to the use of trade sanctions and/or financial aid. The economic strategy arsenal, however, holds many weapons beyond these two.
NATIONAL INTEREST
VERSUS NATIONAL SECURITY?
THE CASE OF IRAQ
By Norman A. Bailey, Ph.D.
The national debate over the war in Iraq, which began with the invasion of April, 2003 and is still raging in the form of an active insurrectionary movement, has illustrated once more the prevalent confusion over the concepts of national interest and national security.
AFTER THE END OF HISTORY
By Norman A. Bailey, Ph.D.
As the twenty-first century proceeds on its way, there are only three possible developments: either (a) chaos will continue and deepen, and with it insecurity and disintegration of society, or (b) the United States will become truly imperialistic or alternatively will abandon its exceptionalism and give in to the most recent form of Westphalianism – supra-national bureaucratic rules trumping the organs of democratic governance, or (c) the American vision will eventually triumph, leading to a true new world order, the outlines of which are now visible only in embryonic form.
SECURITY FOR WHOM, BY WHOM AND WITH WHOM?
By Norman A. Bailey, Ph.D.
The discussion of security issues, at least since 9/11/01, has fluctuated among three modalities: strategic/theoretical, tactical/technical and ideological/emotional. Little attention is paid to such fundamental considerations as definitions. In fact, there is no generally-accepted definition of even such a constantly-used concept as “national security”. The most common confusion is that of national security with national interest.
THE BATTLE OF THE YARMUK
by Norman A. Bailey, Ph.D.
On September 11, 2001, one thousand three hundred and sixty-six years later, the latest battle in this never-ending war was fought, and it may be that the number of casualties was about the same as at a dry riverbed in
