by Richard W. Rahn | Apr 9, 2024
Why is Honduras so much poorer than the U.S. and even most of its Latin American neighbors? I posed that question to a friend who is originally from Honduras and is now a U.S. citizen. She immediately replied, “The judiciary.” (Note: Honduras is a beautiful Central...
by Richard W. Rahn | Apr 2, 2024
“Every election is a sort of advance auction sale of stolen goods.” — H.L. Mencken What ever happened to fiscal discipline? It seems that each week, President Biden announces another group, such as government employees, will have their college debts forgiven — even...
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...
