Mark Skousen
Doge Day on Wall Street: Will Doge Bite Bitcoin?
“Every dog has his day.” — Anonymous “Money is never neutral.” — Ludwig von Mises There are over 4,000 varieties of digital currencies, a sign of an easy-money tulipomania if there ever was one. Soon, there is going to be a falling out, and it will even hurt Bitcoin, the top dog. Today, the new dog […]
My Secret Plan to Convert Students to Free-Market Economics and Sound Investing
“The philosophers have only interpreted the world in various ways: the point, however, is to change it.” — Karl Marx on his tombstone (1883) In the 1930s, the Marxist philosopher Antonio Gramsci (1891-1937) wrote “The Prison Notebooks” while in prison. In these notebooks, he came up with a brilliant idea to convert the world to Marxism and state socialism. […]
Did the Fed Stop Reporting the Money Supply (M2)? Why Inflation is Coming Back
“Inflation is not a problem for this time as near as I can figure. Right now, M2 [money supply] does not really have important implications. It is something we have to unlearn.” — Jay Powell, Fed Chairman Reports are circulating that the Federal Reserve has given up on reporting the money supply because it’s a misleading […]
Special Alert! President Biden Bans Bitcoin, Institutes Fed Dollar
“Successful preservation of capital must overcome the handicaps of socialist governments, supposedly to help the masses.” — Gerald Loeb (quoted on p. 149 in “The Maxims of Wall Street”) The headline is fiction. Today is April Fool’s Day. But it could happen. Billionaire guru Ray Dalio warned last week that Biden’s Treasury Secretary Janet Yellen will “probably ban Bitcoin” and institute […]
Who Can Explain This Amazing Graph of Inflation? Take This Quiz!
“Life is about to change radically.” — Cathie Wood, CEO, Ark Investment Fund Since 1980, when I started writing my newsletter, Forecasts & Strategies, the bond market has been in a raging bull market. Interest rates have gradually declined from 21% down to practically zero. But, in 2021, long-term rates are starting to rise again, thanks to […]
Why Civil Debates Are Being Canceled in America
“By the collision of different sentiments, sparks of truth strikeout, and political light is obtained.” — Benjamin Franklin (1785) Have you noticed that there are no more debates on CNN, Fox News or MSNBC? The hosts only bring on “experts” to agree with them. Their first words are always, “I agree with you, Tucker,” or, “I agree with […]