by Richard W. Rahn | Jun 30, 2015
Greece and too many other countries have been trying to defy gravity by living the good life on borrowed money. In 2001, the Greeks entered the eurozone, which gave them access to low-rate loans under the pretense that Greece was richer than it was. The seeds of the...
by Richard W. Rahn | Jun 23, 2015
Like Greece, the Puerto Rican government has more debt than it can service, and some are calling for a bailout by U.S. taxpayers. The major Puerto Rican state-owned or controlled enterprises are all losing money, including the power authority which is insolvent....
by Richard W. Rahn | Jun 16, 2015
If enough people have a demand for a particular product, whether it is prostitution, gambling, drugs and alcohol, or an anonymous, instantaneous and low-cost money transfer, it will be supplied. Poorly thought out regulation or prohibition raises the cost of...
by Richard W. Rahn | Jun 9, 2015
Do you approve of Congress spending your hard-earned tax dollars on an international organization that lobbies governments, including the U.S. government, to raise taxes? The Organization for Economic Cooperation and Development (OECD) was originally created to...
