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A Rational Forecast for 2016 Economic and nuclear threats are likely to grind on

by Richard W. Rahn | Dec 29, 2015

The economist and philosopher F.A. Hayek warned us about the limits to knowledge and forecasting. What we do know, however, based on past behavior is that some future events have a much higher probability of occurring than others — so, now for 2016: There will be a...

Christmas Works Peace and prosperity reign where there is tolerance

by Richard W. Rahn | Dec 22, 2015

Why do billions of people, Christians and non-Christians alike, look forward to Christmas? It is a holiday that makes almost all children, and most adults, happy. Globally, it has evolved into a non-threatening holiday that non-Christians can embrace with good cheer....

Life, Liberty and the Killer State Americans have much more to fear than terrorism

by Richard W. Rahn | Dec 15, 2015

The chance of dying in a terrorist attack in any year in the United States is less than one in a million (even including the terrible attack of the approximately 3,000 killed on Sept. 11, 2001). Many in the media over-hype the chances of dying in a terrorist attack...

Knowledge that Isn’t Public trust declines when experts tell whoppers

by Richard W. Rahn | Dec 8, 2015

When you hear politicians speak (the president or members of Congress) and they tell you that the science or facts are settled, do you tend to believe them or treat their comments with skepticism? Those who survey such things show that faith in government and...

Saving Honduras The creation of free economic enclaves promises much needed growth

by Richard W. Rahn | Dec 1, 2015

Why has Honduras lagged behind its neighbors and much of the rest of the world? It is resource-rich, has deep-water ports both on the Caribbean Sea and the Pacific Ocean, is very scenic and, because of its mountain terrain, has sub-climates that meet most...

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