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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

Wasting More Money on Climate Science Illustration by Greg Groesch/The Washington Times

Bias, ignorance and reality in climate science

The rains have returned to California, and the six-year drought appears to be largely over. We have heard countless assertions from journalists and politicians, ignorant of the weather history of California and the other western states, that the drought was a result of global warming. Published January 16, 2017

Chart to accompany Rahn article of Jan. 10, 2017

Flying off the handle over risks

Did the authorities, in "an abundance of caution," take too long to reinstate operations after the tragic shootings in the Fort Lauderdale airport this past Friday? Published January 9, 2017

Defunding Useless Institutions Illustration by Linas Garsys/The Washington Times

Now to defund wasteful global institutions

A positive side effect of President Obama's duplicity with the anti-Israeli United Nations vote was the attention it brought to what the U.N. is actually doing and how it is wasting taxpayer dollars and undermining liberty. Published January 2, 2017

Illustration on economic growth by Greg Groesch/The Washington Times

The good economic news for 2017

The good news for 2017 is we can have 4 percent or higher real economic growth per year over the next few years -- and here is how. Published December 26, 2016

"Today there were terror attacks in Turkey, Switzerland and Germany - and it is only getting worse. The civilized world must change thinking!" President-elect Donald Trump tweeted. (Associated Press)

Surprising election history

Do you know how many U.S. presidents won election with less than 50 percent of the popular vote? Many are in a dither about Donald Trump having received less than a majority of the popular vote, when in fact almost one-third of all the U.S. presidents (14, to be precise) did not receive 50 percent of the popular vote (because of third-party candidates) in one or more of their wins. Published December 19, 2016

Corporate Tax Reform Illustration by Greg Groesch/The Washington Times

Tax reform complications

Do you want tax reform? Now, for the difficult questions: What is your definition of tax reform? And what will be the consequences of each of your proposals? Published December 12, 2016

Small Minds Lifting Castro Illustration by Greg Groesch/The Washington Times

Castro, socialism and the shortsighted

How many political enemies would a dictator have to kill before you would no longer want your non-adult children to meet with him? Published December 5, 2016

Protecting the Trump Brand Illustration by Greg Groesch/The Washington Times

Conflict or compatibility of interests?

Other things being equal, would you prefer to stay in a hotel and/or live in a condo named The President Carter, or one named The President Reagan? Published November 28, 2016

Legal Now and Still Illegal Illustration by Greg Groesch/The Washington Times

Another fine regulatory mess

If you are in business and the government will not allow you to open a bank account, what do you do? Thirty years ago, almost anyone could walk into a bank and open a bank account with no questions asked. Published November 21, 2016

Illustration on the need to curb Federal spending by Linas Garsys/The Washington Times

The wolf at the door

Donald Trump is very lucky that Paul Ryan is speaker of the House. Mr. Ryan is a very serious policy wonk, which President-elect Trump is not. Mr. Ryan has spent the last several years developing sound solutions to deal with the problem of the "wolf at the door" -- which is the never-ending growth of government and the attendant debt. Published November 14, 2016

Illustration onrestoring corrupted government by Alexander Hunter/The Washington Times

The most important question

If you had a son or a daughter who was a member of a school debate team, and you learned that your child was receiving the questions in advance and the other debaters were not, what would you tell your child to do? Published November 7, 2016

Chart to accompany Rahn article of Nov. 1, 2016

Corruption and prosperity

What is the single most important determinate as to whether a country is rich or poor? It is not the level of government spending, taxation, regulation or monetary stability -- even though those factors are very important. Published October 31, 2016

Illustration on voter regret by Alexander Hunter/The Washington Times

When voters have regret

Four years from now, will you regret having voted for the person you chose this year for president? In decision theory, there is a concept called "regret," which is the emotion experienced when realizing that an alternative course of action would have likely resulted in a more favorable outcome. Published October 24, 2016

Illustration on the influence of Vladimir Putin on Hillary Clinton's presidential campaign by Alexander Hunter/The Washington Times

The Russian enigma and the U.S. election

Does Vladimir Putin want Hillary Clinton or Donald Trump to win the presidency? Those supporting Hillary claim that Mr. Putin wants Mr. Trump to win, and they claim that is why WikiLeaks is putting out the Hillary emails and speeches. Published October 17, 2016

Illustration on the candidates' past words and deeds at odd with their public faces by Linas Garsys/The Washington Times

The heavy price of hypocrisy

Were you shocked when you heard Donald Trump's lewd comments? Were you shocked when Hillary Clinton, the leader of "destroy-the-women-victims-of-Bill-Clinton's bimbo eruptions" and a notorious potty mouth herself, said Mr. Trump was unqualified to be president? Published October 10, 2016

Crush of Politics on Government Agencies Illustration by Greg Groesch/The Washington Times

Obama loyalists reckless and lawless

During the past two weeks, officials in the Obama "Justice" Department almost caused a new global financial crisis, because they put political considerations above the national welfare. Government is supposed to protect person and property, not put the citizens at greater risk. Published October 3, 2016

Economic Education Illustration by Greg Groesch/The Washington Times

Separating economic sense and nonsense

Why is it that many politicians and journalists can quickly grasp the idea that if the tax on cigarettes or soft drinks with sugar is increased, the demand for them will decline, but seem unable to understand that increasing a tax on labor, like a mandated increase in the minimum wage, will cause a decline in the demand for labor, leading to higher unemployment? Published September 26, 2016

Republican presidential candidate Donald Trump speaks during a campaign rally at Germain Arena, Monday, Sept. 19, 2016, in Ft. Myers, Fla. (AP Photo/ Evan Vucci)

A reality check of the election

Government spending and borrowing are once again growing as a percentage of GDP. The federal debt held by the public was 35 percent in 2007. It is 74 percent today, and is projected to be 140 percent in 2046 — provided nothing goes wrong. Published September 19, 2016

Illustration on the prospect of tyranny in America by Linas Garsys/The Washington Times

Why equal justice matters

More than two years ago, several independent researchers, investigative journalists and columnists (including yours truly) began providing evidence and reporting on apparent funds from Russian government-controlled entities funneling into U.S. environmental groups. Published September 12, 2016

Tax Burden Illustration by Greg Groesch/The Washington Times

Tax malpractice in the EU

Why would the Irish government argue against receiving $14.5 billion (yes that is a billion with a B) in income taxes that the European Union says Apple owes it? The amount is greater than the entire Irish budget, yet they are saying, "No thank you." Both the EU and the Apple executives, including CEO Tim Cook, have engaged in tax malpractice. Published September 5, 2016