Mark Skousen
Three Cheers for the Magnificent Seven
“It’s not a stock market, it’s a market of stocks.” — “Maxims of Wall Street,” p. 158. Special Note: Attention all subscribers: This coming weekend, I’ll be joining the Eagle cruise to Central and South America. If you would like to order copies of my books in time for Christmas, now is the time to […]
One Quote Made Warren Buffett the World’s No. 1 Investor
“Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation.” — Warren Buffett Charlie Munger, Vice Chairman of Berkshire Hathaway and Warren Buffett’s sidekick for more five decades, died this week at the age of 99. He was hoping to celebrate his 100th birthday on January 1, 2024. […]
‘The Incident’ Transformed This Hollywood Producer: A Thanksgiving Story
“Be not forgetful to entertain strangers: for thereby some have entertained angels unawares.” — Hebrews 13:2 Frank Capra (1897-1991) was the Oscar-winning Italian-American filmmaker of “It Happened One Night,” “You Can’t Take It with You,” “Mr. Smith Goes to Washington” and the most famous of all, “It’s a Wonderful Life.” He worked with some of […]
The Fed is Missing a Key Ingredient for a ‘Soft Landing’
“Don’t fight the Fed — fear the Fed!” — Michael Sincere, MarketWatch (“Maxims of Wall Street,” p. 148) Last week, I gave the opening lecture at Hillsdale College on “The Genius of Adam Smith” as part of a “Great Economists” conference. But it was the final speaker who created the most controversy: Nicholas Wapshott, author […]
Why Did This Happen? This Chart Says It All
“Inflation is always and everywhere a monetary phenomenon.” — Milton Friedman At last week’s Mont Pelerin Society meetings in Bretton Woods, New Hampshire, I organized an “ad hoc” session and invited several dozen guests, including government leaders, to respond to one of the most incredible charts I’ve ever seen. Your editor showing the “permanent inflation” […]
Is Income Inequality a Myth?
“Income inequality is the challenge of our times.” — Barack Obama (2013) “When you include all transfer payments and taxes and look at changes in income inequality over time, you find that income inequality is not rising.” — Senator Paul Gramm, Robert Ekelund and John Early, “The Myth of American Inequality,” p. 4. One of the […]