by Richard W. Rahn | Oct 31, 2017
There are a few actions one can take that have no downside, only an upside. Economists teach students, “There is no free lunch,” meaning an action that might be beneficial to some may well be harmful to others. An example would be an increase in the minimum wage,...
by Richard W. Rahn | Oct 24, 2017
Are government-created institutions out of control? Domestic and international government institutions and agencies are created on the premise that they will make things better for the people. But all too often, those who lead these institutions and agencies drift...
by Richard W. Rahn | Oct 18, 2017
The world has been plagued by endless fluctuating exchange rates between countries and persistent and highly variable rates of inflation ever since the major countries of the world began to erode the gold standard during the twentieth century as a direct result...
by Richard W. Rahn | Oct 17, 2017
Once again, there is more evidence that economic freedom leads to success. Many of the former communist countries of Central and Eastern Europe and the Soviet Union have made enormous economic progress from the time they became free almost three decades ago....
by Richard W. Rahn | Oct 10, 2017
What do you call someone who keeps making the same mistake over and over and fails to learn from others who have made a similar mistake? If one doesn’t know history and basic math, and the fact that people adjust their behavior on the basis of incentives, then...
