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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 Tax by Alexander Hunter for The Washington Times

RAHN: Rise of the global tax collectors

The Constitution gives Congress the exclusive right to tax Americans at the federal level. Yet Congress continues to give away this most fundamental responsibility to international organizations, the most dangerous of which is the Paris-based Organization for Economic Cooperation and Development (OECD). Published July 9, 2012

Illustration: Tea Party by Greg Groesch for The Washington Times

RAHN: Constitutional fix to overspending

Tea Party members are going to be very unhappy. Many of the new members of the House and Senate that the Tea Party helped elect are already becoming part of the political class, as evidenced by their votes for continued farm subsidies, refusals to put reasonable limits on the growth of the food- stamp program, support for unaccountable international organizations, and on and on. Published June 25, 2012

Illustration: Government money

RAHN: Wanted: Servants, not celebrities

Barack Obama has been loudly proclaiming that he is not responsible as president for the big increase in spending because it was already "baked in the cake." He could have been more accurate by noting that under the Constitution, Congress is responsible for spending. Published June 18, 2012

Illustration: Federal Reserve by Linas Garsys for The Washington Times

RAHN: Wrong tools for the job

Assume you are a skilled heart surgeon and your patient needs a new heart valve, but you were given a spoon rather than a scalpel to cut open a chest. Relying on the Federal Reserve and the European Central Bank (ECB) to cure the lack of job growth is going to be no more effective than giving a heart surgeon a spoon. Published June 11, 2012

Illustration: Global taxes by Alexander Hunter for The Washington Times

RAHN: Taxation goes global

What government unit has the right to tax you - your local government, regional or state government, federal government or multinational organizations, such as the United Nations, the World Bank and the World Health Organization? The reason the question is becoming more important is that rising numbers of politically powerful persons and institutions are calling for global taxes on such things as financial transactions, tobacco, sugar and carbon emissions. Published June 4, 2012

Illustration by Alexander Hunter for The Washington Times

RAHN: Spending lies run into facts

Many in the political class, including President Obama and many members of Congress, have an interest in confusing, rather than enlightening, the public. Published May 28, 2012

Illustration by Greg Groesch for The Washington Times

RAHN: How soon they forget

If you are a nonimmigrant American reading this, do you know why your ancestors came to America? The fact is, a large percentage of immigrants were trying to escape various forms of government persecution, including religious and tax persecution. Published May 21, 2012

JPMorgan Chase & Co. stock fell 6 percent Thursday after CEO Jamie Dimon announced a $2 billion loss in a trading portfolio designed to hedge against risks. "There were many errors, sloppiness and bad judgment," Mr. Dimon said. (Associated Press)

RAHN: Killers of banks and jobs

Last week, Jamie Dimon, CEO of the nation's largest bank, JPMorgan Chase, revealed that the bank had made a $2 billion-plus trading mistake. The bank has more than $2 trillion in assets and made a profit of about $20 billion last year. Published May 14, 2012

Illustration by Nancy Ohanian

RAHN: Austerity is blamed

Denial is leading to collective economic suicide in Europe and the United States. The French on Sunday elected a socialist president who wants to raise taxes on those elusive rich and keep spending as if there is no tomorrow. Published May 7, 2012

Illustration by John Camejo for The Washington Times

RAHN: Geithner’s willful negligence

What would you think of a secretary of the Treasury who failed to do serious cost-benefit analysis about regulations that could cost millions of Americans their jobs and cause innocent people to be subject to political abuse or worse and yet have almost no benefit to the United States? Published April 30, 2012

The Washington Times

RAHN: Corporate tax madness

The United States already has the highest corporate tax rate in the world, but the Obama administration is proposing to make the U.S. even less competitive internationally by reducing the corporate tax deferral on income made abroad. Published April 23, 2012

Illustration by Jennifer Kohnke

RAHN: Buffett rule’s deceitful consequences

Do you think it is more important to have a tax policy that raises the most revenue at the least cost in order to maximize job growth and economic opportunity or to have a tax policy like the Buffett rule, which falsely claims it would make all millionaires pay a higher tax rate than their secretaries? Published April 16, 2012