by Richard W. Rahn | Mar 26, 2024
U.S. INCREASINGLY RELIES ON POORER COUNTRIES TO FUND ITS WELFARE PROGRAMS The U.S. and other rich countries are increasingly funding their government debts by sucking savings from those in poorer countries. This is starving much of the world of needed investment...
by Richard W. Rahn | Mar 19, 2024
NEW BOOK PROVIDES ROAD MAP FOR AMERICA TO AVOID ECONOMIC COLLAPSE Greece, Argentina, and the old Soviet Union had governments that were Ponzi schemes that eventually went bust. A Ponzi scheme, named after the swindler Charles Ponzi (1882-1949), is an investment fraud...
by Richard W. Rahn | Mar 11, 2024
Mystery solved. What has President Biden been doing in the unusual amount of time he spends without anything on his schedule? By his own words, we know he is counting the number of potato chips and other snack foods in a bag — and by golly, he has promised to stop...
by Richard W. Rahn | Mar 5, 2024
INCREASING GOVERNMENT SPENDING AT A RATE THAT ULTIMATELY DEBASES THE CURRENCY Inflation is a deadly problem, and unpredictable changes in the inflation rate (currency debasement) make it an even more deadly hazard to future economic well-being by increasing the risk...
