by Richard W. Rahn | May 29, 2018
This past week, with the passing of Faith Ryan Whittlesey, America lost the best example of what an ambassador should be. By happenstance, Ambassador Whittlesey also served twice in, perhaps, the best example of what a country ought to be — Switzerland. Faith...
by Richard W. Rahn | May 22, 2018
Why do people want “money?” Obviously, so they can buy goods and services now or in the future. But, in actuality, it is not money people want, but purchasing power. Is it necessary to have a stock of money to have purchasing power? Well no, provided people have...
by Richard W. Rahn | May 15, 2018
The GDP of North Korea is less than half that of Fairfax County, Virginia, and only a little more than half of Vermont’s, which has less than 3 percent of the population of North Korea. Honduras is the second-poorest county in the Americas but it has a larger GDP than...
by Richard W. Rahn | May 8, 2018
Many apparent Washington conspiracies are nothing more than sheer incompetence — or a combination of attempted conspiracy coupled with a high degree of incompetence. The investigation into the alleged interference by the Russians into the 2016 election is looking more...
by Richard W. Rahn | May 1, 2018
People are more careful in spending their own money than they are in spending other people’s. Even though this core principle about human behavior has been understood for thousands of years, many taxpayers seem to be perfectly comfortable with turning over a...