by Richard W. Rahn | Aug 29, 2017
It is a safe bet that everyone reading this column had an ancestor who was either a slave or slaveholder. It is also no coincidence that the effort to abolish slavery on a sustained and global basis did not occur until after the advent of the industrial revolution....
by Richard W. Rahn | Aug 22, 2017
Is more inflation desirable? Those at the Federal Reserve seem to think so, and they have explicitly said their target is 2 percent, or about double the current level. Why would they argue for a further erosion of the purchasing power of the dollar? It is on the...
by Richard W. Rahn | Aug 15, 2017
If a political candidate asks you for a donation with a promise that he or she will do some specific act if elected and then fails to do so, should you be able to sue for fraud? If a contractor offers to build a new deck on your home within a specific time period and...
by Richard W. Rahn | Aug 8, 2017
Venezuela is the latest global disaster caused by socialism. Over the last couple of hundred years, virtually every variety of socialism has been tried — from communism to national socialism (Nazism) and fascism, to various varieties of “democratic socialism” — with...
by Richard W. Rahn | Aug 1, 2017
Which government agency has done the most to destroy innovation? The American Founders tried to create an environment to foster innovation, because they understood new inventions would increase the well-being of the citizens. And that is the reason the Constitution...