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 recently appeared for the first time on Larry Kudlows nationwide radio program on ABC, and I talked about alternative measures to gross domestic product (GDP). I see the Economist also had a cover story entitled How to Measure Prosperity.
Is Las Vegas (and Nevada) destroying itself as the entertainment capital of the world and as a tax haven?
In a highly competitive global economy, we need the best-educated workforce in the world. Its time we made college tuition free at public colleges and universities.
The New York Times recently ran a cover story about how billionaire hedge fund manager David Tepper moved out of New Jersey after paying millions of dollars in state income taxes. After 20 years, he had witnessed the state gradually increase its state income tax from 2% to 6% to todays 9%. In fact, up until 1976, New Jersey had no state income tax.
Is there any solution to poverty, or are we destined to witness a permanent welfare class in America?
My gross output (GO) statistic for the fourth quarter was released April 21 by the federal government. Heres what it showed:
Over the past 36 years, hundreds of investment newsletters have come and gone. It is a tough business, and I consider myself a survivor, having gone through boom and bust, bull and bear markets, revolutions and crises, and I still have been able to make money for my subscribers.
Wall Street has struggled this week, but gold is moving higher.
The big news in the financial press is what is being called The Panama Papers.
There is good news for taxpayers and investors. Last December, Congress passed and President Obama signed the Protecting Americans from Tax Hikes Act of 2015, known as the PATH Act. It is one of the few times Congress has accurately described its legislation.
Starting in 2007, the U.S. Mint was required to create a new series of $1 coins commemorating U.S. presidents.
In the mid-1980s, my family and I spent two years living in the Bahamas, the island of June. I always tell people it was life in living color. I wrote an article on our life there called Easy Living: My Two Years in the Bahamas.
I applaud President Obama for seeking to open up trade and relations with Cuba. Increasing communications and business with the United States will do more to break down the Communist disaster in Cuba than any blockade will ever do.
Ive spoken at dozens of AAII meetings all over the country, and always enjoy them. AAII investors are well informed and ask good questions. In fact, Ill be speaking at the Los Angeles chapter on Saturday, April 9.
I had to laugh when I read that Walter Block, an economist who claims to be an anarchist, has endorsed Donald Trump for president and announced a Libertarians for Trump campaign on a website that says it is anti-war, anti-state and pro-market. Donald Trump is none of these.
Ever since I read a book called The Dogs of Capitalism, by Mitchell Jones, Ive been interested in the topic of for-profit breeding of animals to create pets and even pit bulls as guard dogs. I always considered this form of intelligent design from nature as a positive advance a good combination of man and nature at work.
A greater result is obtained by producing goods in roundabout ways than by producing them directly. Eugen von Bhm-Bawerk, The Positive Theory of Capital (1889)
Taxation is the price we pay for failing to building a civilized society. The higher the tax level, the greater the failure. Mark & Jo Ann Skousen, Persuasion vs. Force.
Even better than unilateral measures in Europe would be a global agreement to stop issuing notes worth more than say $50 or $100. Lawrence Summers, former Secretary of the Treasury
What is the key to economic success, growth and progress?