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Richard W. Rahn

Richard W. Rahn

Richard W. Rahn is a senior fellow at the Cato Institute and chairman of the Institute for Global Economic Growth.

Articles by Richard W. Rahn

Illustration Global Warming by John Camejo for The Washington Times

RAHN: Global warming's 'fatal conceit'

Much of Northern Europe, including Britain, is suffering under the coldest winter and spring of the last 30 to 100 years. The Northeastern part of the United States has had a record cold March. The record cold in Europe has killed thousands and cost billions. It was not supposed to be this way. Published April 2, 2013

Illustration by Greg Groesch for The Washington Times

RAHN: How government steals your savings

There has been global outrage about the proposal from the Cyprus government to have a significant one-time tax on those who have deposits in Cypriot banks. It has been correctly called a theft of private capital. What many fail to realize is that from the beginning, governments have been engaged in this type of theft, including the U.S. government. Published March 26, 2013

Illustration by: Tom Trouw, Amsterdam, The Netherlands

RAHN: Where will the next financial crisis begin?

Which country will serve as the trigger for the next financial crisis? Given the continuing rise in debt-to-gross domestic product (GDP) ratios in many countries, it is apparent that a new financial crisis will occur. Most of the speculation has been about when, rather than where. Published March 19, 2013

Illustration by Greg Groesch for The Washington Times

RAHN: Sequestration myth

The head of the Obama White House National Economic Council, Gene Sperling, who is a lawyer, has been claiming that "all economists" agree that sequestration will cost 750,000 jobs. I am an economist with a doctorate from Columbia University, and I don't agree. Published March 12, 2013

William Brown

RAHN: Locking in the homeowner

It is estimated that up to a quarter of all American households still owe more on their mortgages than their homes are worth. Many of these people have been able to refinance their home loans with much lower interest rates, but that does not solve the problem because they have a balance sheet problem rather than a cash-flow problem. Published March 5, 2013

Illustration: Corporate taxes by Alexander Hunter for The Washington Times

RAHN: Ending the corporate tax

Can you name the worst tax? In recent weeks, there have been a slew of articles in major publications about how many multinational corporations have found legal ways to reduce their tax burdens by running some of their operations through low-tax jurisdictions. Published February 26, 2013

Illustration U.S. Sinking World Economies by Alexander Hunter for The Washington Times

RAHN: Desperate Keynesians

What do you do if the facts don't support your beliefs? If you are honest, you will rethink what you previously believed. If you are a Keynesian economist, though, like New York Times columnist Paul Krugman, you make silly assertions. Published February 5, 2013

"We can't have the people getting paid by the taxpayers getting a better deal than the taxpayers themselves," presidential candidate Tim Pawlenty said at the Cato Institute on Wednesday. Institute President Ed Crane is at left. (Rod Lamkey Jr./The Washington Times)

RAHN: Thankful for think tanks

Did you know that there are more than 6,000 think tanks globally, and about 2,000 in the United States? In the past two weeks, two major rankings of think tanks have been released. Published January 29, 2013

Illustration by Alexander Hunter for The Washington Times

RAHN: Economic judgment day

The current debate about the debt vote is minor league compared to what will happen when the government literally cannot spend more than it is taking in. Published January 22, 2013

Illustration U.S. Sinking World Economies by Alexander Hunter for The Washington Times

RAHN: Tale of two economic styles

Will 2013 be a better year? A number of economic commentators have been saying the worst is behind us. I think they are wrong, and here is why. In most major countries, including the United States, government is growing faster than the private sector. Published January 15, 2013

(Illustration/The Washington Times)

RAHN: Uncle Sam won't stop overspending

Tax revenue in 2013 will be lower (despite the just passed tax increase), and government spending will be higher than forecast. It's an easy prediction -- and this is why. Published January 7, 2013

Illustration: Federal Reserve by Linas Garsys for The Washington Times

RAHN: One piece of the coming disaster

You may have been reading how the Federal Reserve has been buying huge quantities -- almost a trillion dollars' worth -- of "mortgage-backed securities" (MBS). Published December 31, 2012

Illustration Obama Crushes by Alexander Hunter for The Washington Times

RAHN: Obama's hidden-tax heist

How is it possible that the government can spend almost twice as much as it takes in without having high inflation? Published December 24, 2012

Illustration by Jennifer Kohnke

RAHN: Obama's money misunderstanding

In times past, political leaders would lay out their domestic and foreign policies in clear, coherent terms. President Obama talks about getting our fiscal house in order but fails to propose any meaningful spending cuts. Published December 17, 2012

Illustration Regulations by Alexander Hunter for The Washington Times

RAHN: Penalized for success

Last week, Christine Jacobs, the CEO of Theragenics Corp., a public company listed on the New York Stock Exchange that makes medical devices and is involved in cutting-edge cancer cures, wrote a letter to President Obama explaining why it was necessary to "begin moving our U.S. manufacturing to Costa Rica." Published December 10, 2012

Illustration by Alexander Hunter for The Washington Times

RAHN: Vote higher taxes now, regret it later

If you are a member of Congress and you wish to be re-elected, do you increase your chances of winning by voting for or against raising taxes on the "rich"? Published December 3, 2012

Illustration: Argentina by Alexander Hunter for The Washington Times

RAHN: In defense of 'vulture funds'

If you lend money at 5 percent interest for 10 years and then suddenly the borrower announces that he is only going to repay you at 30 cents on the dollar, would you think you have been cheated? Published November 26, 2012

Illustration by Jennifer Kohnke

RAHN: Liberal leaders flunk math

Dennis Van Roekel, president of the largest teachers union, the National Education Association, failed fifth-grade math last week. The question he failed is: If X (government spending) is growing faster than A (government tax revenue) plus B (new revenue from higher tax rates on "the rich"), when will A plus B equal X? Published November 19, 2012