by Richard W. Rahn | Oct 25, 2011
Should the Federal Reserve be abolished as Rep. Ron Paul and others have demanded? The Republican presidential candidates have agreed that they would like to replace Ben S. Bernanke as chairman of the Fed, and many have been equally critical of former Fed Chairman...
by Richard W. Rahn | Oct 18, 2011
“Real per capita incomes stagnate, and it may be many years before we see any recovery,” the headlines say. Yes, it is true that for decades, most Americans experienced a rise in their real income after inflation of a little more than 2 percent per year and that now...
by Richard W. Rahn | Oct 11, 2011
Imagine what life would be like if you did not have a bank account and a credit or debit card. It would be much harder to pay your bills, take trips on airlines, which normally require a credit or debit card, and receive payments, just to start. The shocking thing is...
by Richard W. Rahn | Oct 4, 2011
How free is Turkey? Turkey is almost entirely Muslim but lacks most of the repressive characteristics of many of the Arab Muslim countries. It has a largely free market with a high rate of economic growth. But it ranks in the middle among other countries in terms of...