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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

Sen. Ted Cruz, R-Texas arrives on Capitol Hill in Washington, Wednesday, Feb. 12, 2014, as senators go to the chamber for a vote to extend the Treasury's borrowing authority. Congress appears on track to send President Barack Obama must-do legislation to extend Treasury's borrowing authority without any concessions from the White House. (AP Photo/J. Scott Applewhite)

RAHN: Legal and illegal political corruption

If a politician or government official takes a direct monetary bribe for granting a favor or sweetheart contract, do you think he should be sent to prison? Such an activity is despicable, but it is usually far less costly to society than the legal forms of corruption. Published March 3, 2014

Illustration by Alexander Hunter/The Washington Times

RAHN: Obama wants to tax the world

The administration and many in Congress seem to have learned nothing from the Obamacare disaster. Now that they have destroyed the world's best health care system, they are in the process of further destroying what was at one time a very functional global financial system. Published January 27, 2014

(Illustration by Alexander Hunter for The Washington Times)

RAHN: Rule of law key to a prosperous society

Without the rule of law, a civil and prosperous society cannot long endure. The annual reports of "The Economic Freedom of the World" and the "Index of Economic Freedom" show very large declines in the international ranking of the United States in the rule of law over the past decade. Published January 20, 2014

Illustration: Steve Jobs by Linas Garsys for The Washington Times

RAHN: Fumbling the crystal ball

The struggle between the productive and the destructive never ends. The productive are those who add more value and wealth than they consume, and the destructive are those who destroy more value and wealth than they create. Will 2014 be a year of production or destruction? Published January 6, 2014

BOOK REVIEW: ‘The Map and the Territory’

Alan Greenspan began his career in economics as an analyst and forecaster. In his new book "The Map and the Territory," Mr. Greenspan presents an honest assessment of what economists can and cannot predict, along with many useful insights as to the way that both politicians and investors tend to behave. It is also a first-rate history of some of the failures and successes of economic policy over the past century by the ultimate economic-policy insider. Published January 5, 2014

Illustration by Greg Groesch/The Washington Times

RAHN: New Year’s resolutions for others

New Year's resolutions are difficult to keep. That is why I find it easier to make them for others, rather than myself, as part of my other-people improvement program. The country would not be on the road to ruin if those in government would follow the New Year's resolutions I propose for them, starting with President Obama (as part of my fantasy world). Published December 30, 2013

Illustration by Greg Groesch/The Washington Times

RAHN: Most things are better now

If you think things are bad, you might be consoled in knowing that most things for most people on the globe were never better than in 2013. Published December 23, 2013

The sun rises behind the Capitol in Washington, Wednesday, Oct. 2, 2013. The political stare-down on Capitol Hill shows no signs of easing, leaving federal government functions _ from informational websites, to national parks, to processing veterans' claims _ in limbo from coast to coast. Lawmakers in both parties ominously suggested the partial shutdown might last for weeks.  (AP Photo/Carolyn Kaster)

RAHN: The deniers of economic reality

Only 12 percent of likely U.S. voters favor a federal budget that increases government spending, but that's just what the bipartisan budget deal passed by the House late [last] week does. Published December 16, 2013

The Washington Times

RAHN: The high cost of a free lunch

Last week, President Obama said that "income inequality" is the major problem that his administration would focus on for the remainder of his term. Published December 9, 2013

**FILE** Bitcoin tokens are pictured in Sandy, Utah, on April 3, 2013. (Associated Press)

RAHN: From protector to destroyer

Did you ever buy a game or device for which the rule book or instruction manual was so thick and detailed that you were not able to comprehend it in a reasonable period of time, so you either discarded or failed to use the product? Published December 2, 2013

Sen. Chuck Schumer, D-N.Y., center, speaks to reporters after Senate Republicans derailed President Barack Obama's selection of Georgetown University law professor Cornelia Pillard to fill one of three vacancies on the U.S. Court of Appeals for the District of Columbia Circuit, at the Capitol in Washington, Tuesday, Nov. 12, 2013, as from left, Sen. Richard Blumenthal, D-Conn., Senate Judiciary Committee Chairman Patrick Leahy, D-Vt., amd Sen. Sheldon Whitehouse, D-R.I., listen. Democrats used the vote to assail Republicans for opposing female nominees to the D.C. circuit. (AP Photo/J. Scott Applewhite)

RAHN: Politicizing the judiciary

If you have ever been before a judge for any reason, did you think about whether the judge was appointed by a Democrat or a Republican? Probably not. People expect judges, regardless of political leanings, to be fair and competent -- and for the most part, this expectation has been fulfilled in America, unlike many other places in the world. Published November 25, 2013

Illustration by Alexander Hunter for The Washington Times

RAHN: The failed Fed

"I wouldn't start here if I were you," is the punch line of an old Irish joke, which monetary scholar Kevin Dowd cites to illustrate the deeper and deeper hole the Federal Reserve is getting us into. Published November 18, 2013