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Richard W. Rahn
Richard W. Rahn, ekonomista. Autor teorii Rahna o ograniczonym rządzie. Opinie autora blogu nie powinny być utożsamiane z oficjalnym stanowiskiem NBP w omawianych kwestiach.
Artykuły
Tale of two small countries
Cayman is rich, and Belize is poor. Why? Both are small Caribbean countries with the same climate and roughly the same mixed racial heritage, and both were English-speaking British colonies. Belize (the former British Honduras) received its independence in 1981, while Cayman is still not fully independent but is self-governing at the local level, with its own currency, [...]
Good News for the New Year
Good News for the New Year
Even though some are predicting the end of the world in 2012, there is a possibility it could turn out better than 2011 (a low bar). Many people who are not part of the political class continue to advance civilization and make things better for us – like the late [...]
Government spending jobs myth
Do increases in government spending increase or decrease the number of jobs? Conventional wisdom is they will increase jobs, and a few left-wing economists, such as Paul Krugman of the New York Times, frequently are trotted out by reckless politicians and some in the news media to argue that we need more government spending in order to [...]
Democracy vs Bureaucracy
The financial crisis in Europe has resulted in the appointment of new prime ministers in both Greece and Italy, in reality, by the Germans and French, rather than through the ballot box in Greece and Italy. This raises the question, “Is it possible to have both a bureaucratic welfare state and a democracy that protects [...]
Zatrudnienie rośnie gdy wydatki rządu spadają
President Obama and many in his administration, as well as the Democrats left in Congress, keep expressing bewilderment as to why the economy is not producing the jobs they had promised with their “stimulus program.” The problem is that their model of what is supposed to happen is wrong, and it has been known to [...]
The most destructive path for the economy
So you have just finished preparing your income taxes, but did you understand the tax code? If you said yes, you do not know what you do not know. The U.S. tax code has become so long, complex, contradictory and devoid of common sense that no one can fully understand it – and this includes [...]
Irrational governments and the deficits
If your accountant told your family that you are spending 40 percent more than you are earning and that your borrowing limits have been reached, how would you cut your expenditures? Would you stop buying food and not pay your mortgage and utilities, or would you first cut out entertainment, such as movies, sports events, [...]
Keynes Upside-Down
Imagine that you have a serious drinking problem, which has caused your job performance to decline. If your doctor said to you, “Don’t stop drinking now, because going sober may cause you discomfort and may not immediately improve your job performance” – while failing to tell you that if you keep drinking, you will become [...]
Destructive Economic Myths
Wildly inaccurate statements from news commentators, financial analysts, politicians and even administration officials have most people believing that if Congress does not increase the debt limit in March, the U.S. government will default on its debt obligations, thus ending the government‘s ability to borrow. Nonsense.
If you make $5,000 per month, have a mortgage payment of [...]
Obamanomics vs Reaganomics
Last Friday, it was reported that economic growth was only 2.4 percent in the second quarter of this year – far below what the Obama administration had forecast. Yet the administration and its supporters continue to be in denial about the fact that their policies are not working. Psychologists refer to the refusal to change [...]
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