by Richard W. Rahn | Jan 28, 2020
Why are most internationally traded commodities, like oil, corn and aluminum, priced in U.S. dollars (USD), and why is most foreign trade invoiced in dollars? Why is the USD used as the primary reserve currency by most countries — including non-allies such as China...
by Richard W. Rahn | Jan 21, 2020
Worldwide debt levels, including public, business and household debt, have reached record levels, not only in absolute terms but also as a percentage of global GDP (well over 300 percent), which is worrisome. If a person’s debt load causes the cost of servicing the...
by Richard W. Rahn | Jan 14, 2020
George Washington died on Dec. 14, 1799, at his Virginia home, after feeling ill and going to bed. He was a robust 67-year-old man who appeared to be in good health the day before he died. His doctors, as was the practice at the time, bled him, taking an estimated 40...
by Richard W. Rahn | Jan 7, 2020
From the beginning of the American Republic, there has been an ongoing struggle between those who believe in a bigger, stronger government and those who believe in a smaller and less interventionist government. Starting with Bernie Sanders, many who believe in bigger...
