by Richard W. Rahn | Dec 28, 2020
The pandemic will be over when the U.S. reaches herd immunity. Herd immunity is the level of individual immunity where the spread of the disease from person to person becomes unlikely, and results in the whole community becoming protected, even those who are not...
by Richard W. Rahn | Dec 21, 2020
The year 2020 has been horrible — but it could have been worse. Approximately one-tenth of 1% of the population of the U.S. has died as a result of the COVID-19 virus — which is a great tragedy — but by historical standards it is barely measurable. During the Black...
by Richard W. Rahn | Dec 15, 2020
Two decades ago, most economists — including me — believed that as a country became richer it would likely become more democratic and more protective of basic human rights and liberty. After all, we had seen South Korea, Taiwan, Singapore, Chile and most of the...
by Richard W. Rahn | Dec 8, 2020
“When you see a big, black, luxury automobile being driven by a short, fat, balding old man with a young, beautiful blond with her arm around him, what do you immediately think about his income? This is the beauty of the free-market system, because it enables short,...