by Richard W. Rahn | Jul 30, 2019
The latest estimates are that approximately 30 percent of the global government bond issues are now trading in negative territory. Last week, Swiss 50-year borrowing costs fell below zero percent, which means that Switzerland’s entire government bond market now trades...
by Richard W. Rahn | Jul 23, 2019
“In France, everything is denied except what is permitted. In the U.S., everything is permitted except what is denied.” Neither statement is entirely true, of course, but the ability of individuals to take care of themselves when government fails does vary...
by Richard W. Rahn | Jul 16, 2019
Did you ever see some old stock certificates from more than a half-century ago? Many of them would have an engraving of a factory spewing smoke from one or more chimneys. This was meant to imply industrial might with an enterprise that employed many workers. Now, if...
by Richard W. Rahn | Jul 9, 2019
“The hell with it! There ain’t no sin and there ain’t no virtue. There’s just stuff people do. It’s all part of the same thing. And some of the things folks do is nice, and some ain’t nice, but that’s as far as any man got a right to say.” — John Steinbeck “Grapes of...
by Richard W. Rahn | Jul 2, 2019
If the world as we know it is going to end in 12 years, should you pay your college loans back? When we were small children, before we had learned the laws of physics and economics, we thought everything was possible. Fantasyland could be real, so we thought. Twenty...
