by Richard W. Rahn | Apr 30, 2019
All too rarely do government leaders fully think through the effects of their actions — extraterritorial application of law being a prime example. If a U.S. citizen engages in bank fraud in Germany, clearly the Germans have a right to prosecute him. But does the U.S....
by Richard W. Rahn | Apr 23, 2019
There are some plagues that mankind seems to be incapable of fully destroying. One of these plagues is slavery, which has existed since man moved from being a hunter-gatherer to agriculture. Slavery is the condition where an individual is deprived of much of the...
by Richard W. Rahn | Apr 16, 2019
Everyone has heard of the Federal Reserve Bank or “The Fed” and that it has something to do with the value of our money — and so it must be very important. But few even claim to really understand what the Fed does and how it does it. This past week, The Economist...
by Richard W. Rahn | Apr 9, 2019
How much will the stock market rise this year? As an economist, I frequently get variations of that question. If I am honest and say “I have no idea,” the questioner most often walks away with a disappointed look. If I say something like “10.4 percent,” the questioner...
by Richard W. Rahn | Apr 2, 2019
Three decades ago, the socialist/communist economies of Eastern Europe died, not with a bang as many had feared, but with a whimper. It was obvious that the economies of those countries were falling further and further behind their Western Europe counterparts — and...
