Mark Skousen, Ph. D., is the editor of the monthly investment newsletter, Forecasts & Strategies, as well as three weekly trading services, Skousen High-Income Alert, Hedge Fund Trader and Fast Money Alert. He also is a professional economist, investment expert, university professor, and author of more than 25 books. He earned his Ph. D. in monetary economics at George Washington University in 1977. He currently holds the Benjamin Franklin Chair of Management at Grantham University. He has taught economics and finance at Columbia Business School, Columbia University, Barnard College, Mercy College, Rollins College and Chapman University. He also has been a consultant to IBM, Hutchinson Technology and other Fortune 500 companies.
Of course, this so-called paradox of thrift is nonsense and might only apply during periods of Great Depression when savings were stashed away as cash under a mattress or stayed idle in a bank account.
its a misnomer to call it the Internal Revenue Service. Its not internal the IRS arm reaches out beyond our borders. Revenue is just a nice word for taxation, or even theft. And certainly the IRS is no service to anyone except bureaucrats and what Ayn Rand called looters
One of the consequences of Keynesian economics is the gradual decline in capital investment, especially in infrastructure, in the United States.
If I asked customers what they wanted, they would have said, a faster horse. Henry Ford
I see that New York Mayor Bill de Blasio just gave his State of the City address. But like his predecessor, Michael Bloomberg, de Blasio has decided to do nothing about the worst problem facing every New Yorker its crumbling infrastructure.
Andrew Carnegie was right: Capitalism is about turning luxuries into necessities, and the poor benefit even more than the rich.
We constantly hear about the need for tax reform but never really get it. The U.S. Tax Code gets more complex every year, whether its a Republican or Democrat in office.
Good news! Not everything in the Obama administration is bad.
Every American, whether they are young or just young at heart, should be able to learn the skills necessary to compete and win in the 21st century economy. President Barack Obama, January 9, 2015
This is by far the worst kind of tax for several reasons. First, it is a tax on capital, the engine of economic growth. Transferring money from the productive private sector to the unproductive public sector is a recipe for disaster.
Whats his prediction? You wont believe it: The United States is going to have a robust 2015, he says.
Rick Santelli, CNBCs commentator on interest rates, is the father of the "tea party after his rant in 2009 against the government bailouts. Now he is a new supporter of my Gross Output statistic.
Historically, one of the ironies is that more Republicans voted for the Civil Rights Act of 1964 than Democrats.
Two bestselling books have been published recently on George Herbert Walker Bush, the 41st president of the United States, both arguing that Bush Sr. was a wise man of character, a war veteran, a former congressman, CIA director, vice president and president who served his country well. But...
With the collapse in oil prices (down 40% in the past two months) and energy service stocks, Wall Street has sold off again. Although its too early to tell when the next correction hits the stock market, it could happen at any time in 2015.
Gross Output (GO), a broader measure of U.S. economic activity published by the Bureau of Economic Analysis, advanced to nearly $30.9 trillion in the second quarter of 2014, a 4.8% jump in real terms (annualized).
Based on the evidence, including a video of the arrest by several policemen, the grand jury decision is an outrage. An indictment is not a guilty verdict, just a decision to go to trial.
While jogging, I saw a line of graffiti on the wall in Rosario, suggesting neither democracy nor dictatorship. But what? I would suggest a republic representative limited government.
A popular myth, perpetuated by Lou Dobbs, is that the best period of economic growth was during the 1950s when the top rate was more than 90%.
Surprise, surprise! Last week the terrorist group ISIS announced that it was issuing its own currency.