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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 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

Illustration by Kevin Kreneck

RAHN: Misdiagnosing the stagnation

Last Friday, President Obama said, "We can't just cut our way to prosperity. If we are serious about reducing the deficit, we have to combine spending cuts with revenue -- and that means asking the wealthiest Americans to pay a little more in taxes." Published November 12, 2012

Illustration: U.S. regulations by Alexander Hunter for The Washington Times

RAHN: The coming regulatory tsunami

Knowledgeable officials are expecting a regulatory tsunami after the election. By law, the Office of Management and Budget (OMB) is required to publish a report each April and October about new regulations that government agencies are considering. OMB failed to publish the April report. The question is why -- what is it hiding? Published October 29, 2012

Illustration Piggy Bank by Alexander Hunter for The Washington Times

RAHN: Political bullies and faith

One of the most delicious moments in last week's presidential debates was when President Obama attacked Mitt Romney for having some of his money invested in Chinese and Cayman Islands companies. Published October 22, 2012

Illustration by Donna Grethen

RAHN: Tax-raisers lack compassion

If you were unemployed, would you prefer a job or a handout? Most people would say a job because of the self-respect that comes with being productively employed. Published October 15, 2012

Illustration Small Government by Alexander Hunter for The Washington Times

RAHN: A world without income taxes

Why should the federal government bother to impose taxes when it can use the Federal Reserve to "print" all the money it needs to pay its bills? Last year, the Fed bought 77 percent of all of the government's new debt, which is the equivalent of printing money. Published October 8, 2012