by Richard W. Rahn | Jan 26, 2021
It is unlikely that President Biden and his advisers dislike the young, uneducated and unskilled, but their proposal to double the minimum wage to $15 per hour is unspeakably mean. It pains me that once again I need to give a basic tutorial on supply and demand; but...
by Richard W. Rahn | Jan 19, 2021
The persistent myth is that government spending increases economic growth when, in fact, it slows growth beyond a certain point. The myth is based on an old Keynesian theory argument that if there are unemployed people, the government can boost employment by giving...
by Richard W. Rahn | Jan 12, 2021
Do you have freedom of speech if you have no means of distributing your ideas to large numbers of others? An unprecedented attack on freedom of speech is now underway, primarily by private oligopolists working in concert with their political allies. Before the fall of...
by Richard W. Rahn | Jan 5, 2021
Will inflation in the U.S. return in a big way? Inflation is a rise in the average price level, caused by an increase in the supply and/or velocity of money. If a central bank like the Fed increases the money supply at a faster rate than the economy is producing...
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...
