by Richard W. Rahn | Jun 25, 2019
Most people plod through life, having an impact on their family and friends, but not much on the rest of humanity. Rulers and despots can impact most everyone’s life, as can those who are responsible for great scientific or engineering breakthroughs. Some musicians...
by Richard W. Rahn | Jun 18, 2019
Mankind’s penchant for hoaxes goes back at least as far as recorded history. Some hoaxes are harmless and funny, but others do great damage, including causing massive loss of life. Among the harmless and funny was the “Naked Came the Stranger” hoax. Back in 1969, a...
by Richard W. Rahn | Jun 11, 2019
Never underestimate fear of financial loss as a motivator. Last week in this column, I argued that the threat to place tariffs on Mexican goods was a bad idea because there are less risky and destructive ways to deal with the immigration problem on the U.S. southern...
by Richard W. Rahn | Jun 4, 2019
For more than two centuries, economists and well-read people have understood that tariffs reduce the levels of competitiveness and prosperity. Adam Smith (1723-1790) explained how free trade (by increasing the extent of the market) enabled greater specialization and...
