Mark Skousen
Fed Panics – Unprecedented Dangerous Inflation Coming
Ben Bernanke is so anxious to keep his position as Fed chairman and re-elect President Obama that he is willing to risk the Fed’s long-standing political independence and, even worse, a runaway inflation. Today, in an unprecedented and controversial move, the Federal Reserve announced an unending round of “Quantitative Easing” of $40 billion a month […]
Expect the Euro to Survive
At the Mont Pelerin Society meeting that I am attending this week in Prague, the main topic is the future of the euro. Most experts here think the euro is doomed to disappear due to renegade member nations such as Greece that are refusing to adopt fiscally responsible policies. I asked whether any country has […]
Attending the Republican National Convention
I’ve never been to a political convention before, but Jo Ann and I were invited to the National Review party on Tuesday night at the Tampa Yacht and Country Club along Tampa Bay. We met quite a few friends right from the start, including conservative columnist Cal Thomas; Senator John Cornyn, the junior senator from […]
Is Asia Slowing? My Report From China
“I believe the 21st century will belong to China because most centuries have belonged to China.” — Niall Ferguson After this year’s highly successful FreedomFest, my wife and I flew to China for several speaking engagements and an opportunity to assess the second biggest economy in the world (although if you count the European Union […]
Capitalist United States Tops Communist China at London Olympics
The gold-medal winning, U.S. women’s 4 x 100-meter relay team members celebrate with an American flag, after winning in world record time at the London Olympics. I always consider the Olympics an enjoyable diversion from the spectacle of professional sports (football, baseball, basketball, tennis, golf, etc.) and an opportunity to witness the amazing feats of […]
Beware of Central Banks Giving the Markets a Temporary Lift
Be careful not to assume the jump in stock prices in recent days is fueled by any renewed confidence about the economy or corporate profits. The genesis of the late-summer uptick in stock prices largely is due to central banks that are adopting easy-money policies to keep interest rates low and to promote economic growth. […]