by Richard W. Rahn | Feb 28, 2017
It can be dangerous to believe one’s own or others’ hype. A couple of weeks ago, 180,000 people living downstream from the nation’s highest dam, the Oroville Dam in California, had to be evacuated because the dam’s main and emergency spillways were damaged due to...
by Richard W. Rahn | Feb 21, 2017
Panama City, Panama Panama has come a long way in a short time, more than doubling its per capita gross domestic product in the past decade. At the end of June 2016, it opened the new canal next to the old one that could no longer accommodate the current generation of...
by Richard W. Rahn | Feb 14, 2017
If you were going to start a new business in the United States that was not location dependent, what state would choose? Countries, states and cities all compete to attract businesses — both large and small. More businesses mean more jobs and usually greater...
by Richard W. Rahn | Feb 7, 2017
We all think we know what money is, but economists have many different definitions of money (e.g., M1, M2, M4, and others) — and the problem is getting worse. Is the U.S. paper dollar you have in your wallet money? How about a one-ounce gold $50 coin minted by the...
