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.
I met up with Krugman. He assured me that he tries not to let his political biases affect his economic analysis.
This year, Forbes has a fascinating chart of inherited vs. self-made wealth. The chart shows that during a 30-year period, 1984-2014, more self-made billionaires are beating out the inherited billionaires.
I have my issues with the airlines, but the days are long gone when you could arrive 45 minutes before an international flight.
Why didnt anyone address the primary reason Hayek got the Nobel Prize, that is, Austrian macroeconomics and the Mises-Hayek theory of the business cycle?
When the monthly data comes out on retail spending or consumer confidence, the media goes crazy talking about how consumer spending drives the economy, because it represents 70% of the gross domestic product (GDP).
I have just confirmed the Dream Debate of the Century at my big show FreedomFest. On July 9, 2015, in the Celebrity Ballroom in Planet Hollywood, Las Vegas, Paul Krugman has agreed to debate the Heritage Foundations chief economist Steve Moore.
Whats the key to success? Simple. Use the three fundamental principles of Benjamin Franklin: industry, thrift and prudence.
I spent the last week in Hong Kong at the Mont Pelerin Society meetings. While there, I visited the Bruce Lee exhibit that was held at the Hong Kong Heritage Museum.
The greatest threat today is the welfare state, Meltzer said. Lowering taxes does not appeal to the average voter because they dont pay income taxes anymore.
The Austrian school of economics was one of the few to warn of impending disaster coming from the real-estate bubble. But I have my doubts about Austrian school policy recommendations during a financial crisis.
Financial literacy is important, but sadly, only a handful of states require students to take personal finance or an investment course.
Wall Street knows that any big financial institution probably will be bailed out in the future, and such thinking will affect private sector decision making about risky investments.
Most Austrian economists argue that the best response to the 2008 financial crisis was to do nothing. By refusing to bail out the banks, investment firms and insurance companies, the government would be sending a clear message that Wall Street and the private markets must avoid irresponsible decisions in the future.
The libertarian movement will truly arrive whenT he New York Times does a serious article on the #1 libertarian think tank (Cato Institute), the #1 libertarian TV show (Stossel on Fox) and the #1 libertarian conference (FreedomFest).
Sadly, the U.S. government is making enemies out of our friends.
Stocks sold off sharply Thursday. Finally, the much anticipated correction is happening, but I don’t see any fundamental reason for the decline. It’s purely a technical correction.
Certainly, under Obama, the stock market has done well. In fact, when Democrats have been in the Oval Office, Wall Street tends to do better.
I saw a sign from the so-called Transportation Security Administration (TSA) that read “Eight Most Common Reasons for Security Delays.” It warned against putting liquids in carry-ons, failing to take off shoes, etc. They forgot to list the #1 reason for delays: the TSA itself.
It’s a sad commentary when a major consumer corporation buys into his hippie-style philosophy and encourages people to live off of others and to adopt the welfare, no-workfare mentality.
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for October 24th, 2014 | John Ransom
In Other News: List of "Useless Government Spending" Strangely Doesn't Include Biden's Salary | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for October 22nd, 2014 | John Ransom
In Other News: Massachusetts School Board Moves to the Right of Democrats - Becomes Socialist | Michael Schaus