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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

People line up outside the National Guard armory in Minneapolis for free COVID-19 testing Saturday, May 23, 2020. The Minnesota National Guard offered free COVID-19 testing at the Minneapolis Armory. There were several free testing locations across the state, which were operated by the National Guard, the Minnesota Dept. of Health and the State Emergency Operations Center. (Aaron Lavinsky/Star Tribune via AP)

'You are not going to die from COVID-19'

Good news (please see the accompanying table)! If you are under 65, in reasonably good health and do not have a vitamin D deficiency, you have only a tiny chance of dying from COVID-19. And if you are younger than 34, your chances of dying from the virus are so small as to be almost statistically undetectable. Published May 25, 2020

Illustration on inflation by Alexander Hunter/The Washington Times

Deflation or inflation: COVID-19 economic chaos

Are prices going to soar or are they going to collapse as a result of the ongoing economic chaos? There are economic "experts" making the case for a coming deflation while others argue that a great inflation is coming. Published May 18, 2020

FILE - In this March 20, 2020, file photo, a police officer walks across an empty Seventh Avenue in a sparsely populated Times Square due to COVID-19 concerns in New York. Los Angeles is half the size of New York City but has a disproportionately small fraction of the coronavirus cases and deaths as the nation's largest city. The same goes for California when compared with New York state as a whole, which is the current epicenter of the outbreak in the U.S. (AP Photo/John Minchillo, File)

Stop the COVID-19 shutdown madness

How do you like being under house arrest? A bit of an overstatement -- perhaps -- but not by much. How much longer are you willing to endure it? The COVID-19 crisis has caused government -- federal, state and local -- to strip away many basic liberties. Published April 13, 2020

Plane Crutch Illustration by Greg Groesch/The Washington Times

Government ownership of airlines a really bad idea

One of the bad ideas that is now being floated is for the federal government to take an equity stake in the airlines and some other businesses in exchange for aid, to offset the losses from the COVID-19 virus. Published April 6, 2020

Specialist Dilip Patel, left, works at his post on the floor of the New York Stock Exchange, Monday, March 9, 2020. The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets. (AP Photo/Richard Drew)

Fears of negative impact on U.S. GDP due to coronavirus overstated

Some have argued that the trade disruption caused by the coronavirus puts the U.S. economy in grave danger. These fears are overstated. Exports are about 11.7 percent of U.S. GDP, and imports are equal to about 14.5 percent of GDP, and much of this trade (goods and services) is likely to be little affected by the virus. Published March 9, 2020

Tarred and Feathered Illustration by Greg Groesch/The Washington Times

Virginia postpones restrictive gun legislation so the battle rages on

A political civil war was ignited by the Democratic governor and the new state Democratic legislature declaring war on gun owners. Virginia had been a state with few gun restrictions and wide gun ownership -- and with a low crime and murder rate. Published February 17, 2020

Illustration on anchoring the dollar to gold by Alexander Hunter/The Washington Times

Why the Federal Reserve needs Trump nominee Judy Shelton

President Trump has nominated distinguished economist, Judy Shelton, to be a member of the Federal Reserve's (Fed) seven-person board of governors. Mrs. Shelton is under attack for her alleged "unorthodox views." Elizabeth Warren -- who advocates adding trillions of dollars in new federal spending, huge tax increases and massive new regulations -- had the gall to call Mrs. Shelton radical. Published February 10, 2020

In this Feb. 2, 2020, file photo, a military officer wearing a protective suit gives instructions to evacuees from Wuhan, China, as they travel to a hospital after their arrival at a military base in Wroclaw, Poland. (AP Photo/Arek Rataj, File)

The economic consequences of the coronavirus

The stock market (Dow 30) dropped by more than 600 points this past Friday -- allegedly because of greater concerns about the coronavirus outbreak which is centered in China. How big of an economic impact is it likely to have in the United States? Published February 3, 2020

Currency King Illustration by Greg Groesch/The Washington Times

U.S. dollar could be dethroned internationally by digital currency

Why are most internationally traded commodities, like oil, corn and aluminum, priced in U.S. dollars (USD), and why is most foreign trade invoiced in dollars? The USD is a better store of value, unit of account, and medium of exchange (that is, money) than any other major country's currency. Published January 27, 2020

Illustration on the national debt crisis by Alexander Hunter/The Washington Times

'How much U.S. debt is too much?'

Worldwide debt levels, including public, business and household debt, have reached record levels, not only in absolute terms but also as a percentage of global GDP (well over 300 percent), which is worrisome. Published January 20, 2020

Virginia Gov. Ralph Northam, left, and Virginia House of Delegates speaker-designate, Eileen Filler-Corn, front right, are surrounded by Democratic Legislators as he outlines his legislative agenda at the Capitol in Richmond, Va., Tuesday, Jan. 7, 2020. (AP Photo/Steve Helber)

Northam and his anti-gun mafia infringe on Second Amendment

The governor and the Democratic legislators in Virginia are proposing restrictive gun laws, which would make it much more difficult for law-abiding Virginians to defend themselves, as well as taking away some of their basic liberty. Published January 13, 2020