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...
by Richard W. Rahn | Feb 27, 2024
NEW YORK ONCE HAD A REPUTATION FOR HAVING WORLD’S MOST HONEST FINANCIAL COURTS Perhaps the single largest wealth destruction in history took place last week, due to the actions of only two people: New York Attorney General Letitia James and Judge Arthur Engoron. They...
by Richard W. Rahn | Feb 19, 2024
TEHRAN MIGHT HAVE AS MANY AS A DOZEN OPERATIVE BOMBS BY MAY Iran may already have five nuclear bombs and may have as many as a dozen by May. Some intelligence estimates, as early as this past October, asserted that Iran could have enough enriched weapons-grade uranium...