by Richard W. Rahn | Oct 10, 2017
What do you call someone who keeps making the same mistake over and over and fails to learn from others who have made a similar mistake? If one doesn’t know history and basic math, and the fact that people adjust their behavior on the basis of incentives, then...
by Richard W. Rahn | Oct 3, 2017
The disastrous hurricanes that struck Puerto Rico might provide the excuse for the necessary, fundamental reform on the island. Puerto Rico has spent most of the past 12 years in recession, leading to its current bankruptcy. The bankruptcy was caused by gross fiscal...
by Richard W. Rahn | Sep 26, 2017
It is a fair bet that Sen. Bernie Sanders (and most of his followers), unlike tens of millions of others, never read George Orwell’s “Animal Farm” or Friedrich von Hayek’s “The Road to Serfdom.” Why do so many embrace a system — socialism — that has always failed,...
by Richard W. Rahn | Sep 19, 2017
Hurricanes Harvey and Irma were as powerful as the big South Florida hurricanes of 1926, 1928, and 1935, but the death toll was very small compared to the earlier hurricanes in the area, even though the population is now more than 10 times the size. The Great...
by Richard W. Rahn | Sep 12, 2017
It is tough to play hardball with your friends. Have you ever known someone who was exceptionally smart, very personable and highly accomplished, but was not particularly good at managing a large number of independently minded people? I have. His name is Paul Ryan....