by Richard W. Rahn | Mar 26, 2013
There has been global outrage about the proposal from the Cyprus government to have a significant one-time tax on those who have deposits in Cypriot banks. It has been correctly called a theft of private capital. What many fail to realize is that from the beginning,...
by Richard W. Rahn | Mar 19, 2013
Which country will serve as the trigger for the next financial crisis? Given the continuing rise in debt-to-gross domestic product (GDP) ratios in many countries, it is apparent that a new financial crisis will occur. Most of the speculation has been about when,...
by Richard W. Rahn | Mar 12, 2013
The head of the Obama White House National Economic Council, Gene Sperling, who is a lawyer, has been claiming that “all economists” agree that sequestration will cost 750,000 jobs. I am an economist with a doctorate from Columbia University, and I...
by Richard W. Rahn | Mar 5, 2013
It is estimated that up to a quarter of all American households still owe more on their mortgages than their homes are worth. Many of these people have been able to refinance their home loans with much lower interest rates, but that does not solve the problem because...