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Rather than Complaining about Toilet Paper, Americans should Marvel at the Business Supply Chain

by Richard W. Rahn | Mar 31, 2020

How many rolls of toilet paper do you have in your home? Enough for a week? A month? A year? Who makes that decision and why? These very basic, simple questions have led to an improbable toilet paper “shortage” resulting from panic over the coronavirus, and serve as a...

How Much Money Should Be Spent to Save Each Life from the Coronavirus? Some will assert that all lives are worth the same, but in the real world we know that is not true

by Richard W. Rahn | Mar 24, 2020

Some government officials, politicians and commentators keep saying words to the effect, “we need to spend whatever it takes to stop the coronavirus deaths.” They, of course, do not literally mean the government should spend an infinite amount of money to save a life...

Ginsburg’s “A More or Less Perfect Union” Explains the Importance of U.S. Constitution Learning about the structure of the American government and the reasons for it

by Richard W. Rahn | Mar 17, 2020

The expression “never let a crisis go to waste” is often quoted when cynical politicians use crises to enhance their power. It is also true that many of the crises that have affected mankind have also served as the catalyst for great innovations and constructive...

Fears of Negative Impact on U.S. GDP Due to Coronavirus Overstated

by Richard W. Rahn | Mar 10, 2020

Some have argued that the trade disruption caused by the coronavirus puts the U.S. economy in grave danger. These fears are overstated. Exports are about 11.7 percent of U.S. GDP, and imports are equal to about 14.5 percent of GDP, and much of this trade (goods and...

China’s Economic Virus Is More Dangerous than the Coronavirus Protecting the United States from a Chinese recession

by Richard W. Rahn | Mar 3, 2020

China’s economic virus is likely to be much more dangerous to the world than the COVID-19 virus. We know from history that the consequences of recessions tend to cost many more lives than disease epidemics. Yes, there will be a tragedy of many thousands dying...

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