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Mark Skousen

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I quoted Adam Smith last night at a big debate on the “Fiscal Crisis” facing the West. Rollins College, in Winter Park, Fla., sponsored the debate between Charlie Rock and Eric Shulz, of the school’s economics department, and me.

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Three federal crises are heading our way — the “sequester” battle on March 1, the end of the “continuing resolution” of the budget on April 1, and the next “debt-ceiling” debate around May 1. It could be a rocky spring on Wall Street.

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“The triumph of persuasion over force is the sign of a civilized society.” In my pamphlet, “Persuasion vs. Force,” I made the point that when the U.S. president signs a bill forcing people to do things they don’t do voluntarily, it’s a sign of failure, not success, and Washington should be in mourning, not celebrating… […]

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“Little else is required to carry a state to the highest degree of opulence but peace, easy taxes, and a tolerable administration of justice.” — Adam Smith

“If everyone enjoyed the unrestricted use of his faculties and the free disposition of the fruits of his labor, social progress would be ceaseless, uninterrupted, and unfailing.” — Frederic Bastiat, “The Law” (1850)

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“You must trust and believe in people or life becomes impossible.”

— Anton Chekhov

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Guns and ammo aren’t the only things Americans are buying in record amounts. Last week, the U.S. Mint announced that it has suspended sales of its 2013 American Eagle silver bullion coins after running out of stock due to soaring investor demand for the newly minted coins in the first two weeks of the year. […]

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"...It's worse than you think."
—Dr. Mark Skousen