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The Risky Business of New Year’s Forecasts Following predictions on wealth or weather is a roll of the dice

by Richard W. Rahn | Dec 30, 2014

How many hurricanes do you think will hit the East Coast of the United States in 2015? Will the Arctic ice sheet disappear next year? How fast will the U.S. economy grow? What will the level of the Dow Jones stock index be at the end of 2015? Which team will win the...

When Every Man Is a King Common folk live better than royalty did in earlier times

by Richard W. Rahn | Dec 23, 2014

As we go into this Christmas week, you should count your blessings that you live in 2014. Would you prefer to live as the French King Louis XIV did (1643-1715), or as you do today? The average low-income American, who makes $25,000 per year, lives in a home that has...

Undoing Chile’s Success New socialist policies could impair south america’s strongest economy

by Richard W. Rahn | Dec 16, 2014

Why do very successful nations often adopt policies that lead to their undoing? After a revolution or major reform, some countries allow a high degree of economic freedom, establish the rule of law, protect private property rights and establish low tax rates with...

Is It ‘Game Over’ for Ukraine? Providing more financial aid without reform is a waste of money

by Richard W. Rahn | Dec 9, 2014

Ukraine will likely go bankrupt within the next few months. This past Friday, it was reported that the country has less than $10 billion in foreign-currency reserves. My sources (who have been spot on the Russian/Ukrainian situation over the last couple of years) tell...

Rejecting Imaginary Budget Numbers Upgraded economic models factoring in taxpayer behavior would improve accuracy

by Richard W. Rahn | Dec 2, 2014

Would you make an effort to find ways to reduce your tax burden if your tax rate was suddenly raised 50 percent? The higher one’s income, the more incentive a person has to find ways to minimize his tax burden — which is why very high tax rates on the rich...

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  • A Model for Understanding Trade Stability: Dynamic Equilibrium in International Reciprocal Tariffs. (Research Paper)
  • The Abolition of the Fatally Flawed USAID Is Long Overdue
  • Despite Hurricanes, Florida Is Still a Good Long-Term Bet
  • AI will Eventually Destroy Almost Every Job that Now Exists
  • How Dangerous Are Political Lies?

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