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Mark Skousen

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“The Federal Reserve has been the greatest source of instability.” — Milton Friedman “Every recession in the United States has been caused by the Federal Reserve.” — Paul Krugman In 1974, the last time that we battled double-digit-percentage inflation, Harry Browne wrote a book entitled, “You Can Profit from a Monetary Crisis.” It became a […]

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“There is a Scotsman inside every man.” — Adam Smith There’s more to a Scotsman than being a thrifty penny-pincher. They are also famous for shrewdly pursing their own self-interest. As economist Wesley Mitchell, the founder of the prestigious National Bureau of Economic Research (NBER), stated, a Scotsman is “a person who was intent primarily […]

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“Pride proceedeth the fall.” — Proverbs 16:18 In the beginning of the new millennium, the 21st century, he was the toast of the town.  He took a sleepy corporation and made it the most valuable company in the world, with a stock valuation exceeding $600 billion. The stock increased at an annual rate of 21% […]

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Special Announcement: I’m happy to announce some new big-name speakers at this year’s FreedomFest. See below.  “Peter Drucker contributed as much to the triumph of a free society as any other individual.” — Jim Collins, author, “From Good to Great.” When I teach business at Chapman University, I always ask my students if they know who Peter […]

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“The impact of the rate of inflation on the price of gold is like tracking the footprints of an animal.” — Julian M. Snyder (“Maxims on Wall Street,” p. 154) Jay Martin invited me to be a keynote speaker for the first time at the annual Vancouver Resource Investment Conference this week. It was a […]

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“You can never change the politicians until you change the people who elect them.” — H. L. (Bill) Richardson For the past 40 years, I’ve been teaching sound, free-market economics at several major colleges and universities around the country, including Columbia Business School and now Chapman University. I’m amazed at how much impact a professor […]

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