Mark Skousen
This Little-Known Section of the Constitution Made America the World’s #1 SuperPower
“There is always one, more prosaic, test of a nation’s position: Are people trying to get into it; or to get out of it? I think we know the answer to that in America’s case; the United States offers more freedom and opportunity than any other in history.” — Prime Minister Tony Blair Most constitutional […]
When Will This Time Bomb Explode?
“If the national debt rises for 60 years at the rate it has risen during the previous 30, it will then exceed $1.5 quadrillion. (A quadrillion is a thousand trillions).” — George Will (2023) The debate over raising the national debt limit has also sparked a longtime issue: Is the national debt at $31.5 trillion getting out […]
Two Professors of Finance Called the Top and Bottom on Wall Street
“The public is right during the trends, but wrong at both ends.” — Humphrey Neill (“Maxims of Wall Street,” p. 47) I’ve had the privilege of meeting and learning from some of the best and brightest in my lifetime — politicians Ronald Reagan and Bill Clinton… economists Milton Friedman and Friedrich Hayek… and financial gurus Burt Malkiel and Jeremy Siegel. I’ve known and corresponded with the […]
Does This Bull Market Have Legs?
“Bears make headlines, bulls make money.” — Maxims of Wall Street Last week, I had a big debate with Jon Wolfenbarger, an investment writer who is super bearish, on the Tom Woods Show. It was a fast-moving debate. Watch the sparks fly here. Cyclical traders say that, “As January goes, so goes the year.” (“Maxims […]
The Most Dangerous Threat to Your Wealth Today
“You know who didn’t have any bad years? Bernie Madoff — until he got caught.” — Ken Fisher What is the most dangerous threat to your wealth today? You have several choices: Inflation Taxation Bear markets Bad investment advice Investment fraud With all these threats, one wonders if anyone can make it on Wall Street! […]
What’s the Big Idea?
“In the last 30 years, the reliability of empirical work and estimations has risen dramatically. Which is good. But few new important ideas have really been generated.” — Tyler Cowen (George Mason University) Earlier this month, the American Economic Association (AEA) had its annual meeting in New Orleans. Normally, I go to the AEA meetings, but not […]