Mark Skousen

Posted February 28, 2015

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.

Posted February 21, 2015

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

Posted February 20, 2015

One of the consequences of Keynesian economics is the gradual decline in capital investment, especially in infrastructure, in the United States.

Posted February 13, 2015

If I asked customers what they wanted, they would have said, a faster horse. Henry Ford

Posted February 06, 2015

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.

Posted January 31, 2015

Andrew Carnegie was right: Capitalism is about turning luxuries into necessities, and the poor benefit even more than the rich.

Posted January 30, 2015

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.

Posted January 24, 2015

Good news! Not everything in the Obama administration is bad.

Posted January 17, 2015

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

Posted January 10, 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.

Posted January 03, 2015

Whats his prediction? You wont believe it: The United States is going to have a robust 2015, he says.

Posted December 27, 2014

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.

Posted December 22, 2014

Historically, one of the ironies is that more Republicans voted for the Civil Rights Act of 1964 than Democrats.

Posted December 14, 2014

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...

Posted December 13, 2014

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.

Posted December 07, 2014

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).

Posted December 06, 2014

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.

Posted November 29, 2014

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.

Posted November 23, 2014

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%.

Posted November 22, 2014

Surprise, surprise! Last week the terrorist group ISIS announced that it was issuing its own currency.