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...
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...
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...
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...
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...
