by Richard W. Rahn | Jun 27, 2022
INFLATION IS HERE TO STAY, BUT INNOVATORS WILL HELP MITIGATE SOME OF ITS PAIN AND DESTRUCTION Where does the world economy go? Inflation is rampant, with a global recession almost a certainty. And then there is the problem of endless growth in government — that saps...
by Richard W. Rahn | Jun 20, 2022
Great inflations almost always end with a recession or depression. Some governments manage the end of inflation by creating policies to set the stage for a quick recovery and rapid growth, even though some months of pain are unavoidable. The best example of this was...
by Richard W. Rahn | Jun 13, 2022
In a market economy, persistent shortages of goods and services are not supposed to occur, unlike in socialist economies. In free markets, if demand begins to exceed the supply for something, producers will raise prices until the point where supply and demand are in...
by Richard W. Rahn | Jun 6, 2022
All too much of our lives are controlled by a tyranny of government “experts.” This past week, Treasury Secretary Janet Yellen admitted she had been wrong about inflation. It would have been nicer if she had the decency to resign since Ms. Yellen and Fed Chair Jerome...