by Richard W. Rahn | Mar 10, 2020
Some have argued that the trade disruption caused by the coronavirus puts the U.S. economy in grave danger. These fears are overstated. Exports are about 11.7 percent of U.S. GDP, and imports are equal to about 14.5 percent of GDP, and much of this trade (goods and...
by Richard W. Rahn | Mar 3, 2020
China’s economic virus is likely to be much more dangerous to the world than the COVID-19 virus. We know from history that the consequences of recessions tend to cost many more lives than disease epidemics. Yes, there will be a tragedy of many thousands dying...
by Richard W. Rahn | Feb 25, 2020
Assume you wish to buy a new toaster oven. You have narrowed your selection to one made in California and one made in Texas. It is unlikely that you care about which state the toaster oven was made in. Most likely you will base your decision on which one you believe...
by Richard W. Rahn | Feb 18, 2020
For many decades, Virginia had a well-deserved reputation as a highly civil place where people of different viewpoints accommodated each other and got along, and as a state with a relatively honest and competent government. It is the last place that people expected to...
by Richard W. Rahn | Feb 10, 2020
President Trump has nominated distinguished economist, Judy Shelton, to be a member of the Federal Reserve’s (Fed) seven-person board of governors. Mrs. Shelton is under attack for her alleged “unorthodox views.” Elizabeth Warren — who advocates adding trillions of...