Mark Skousen
Wall Street: The Best Friend of Entrepreneurs and Investors
Yesterday, I gave a lecture at the historic Kansas City Public Library. I defended Wall Street and made the case that the stock market is the entrepreneur’s and investor’s best friend.
![[Gross Domestic Expenditures chart]](https://stage8.stockinvestor.com/wp-content/uploads/SkousenEconoLogicGDPAlternative100313-e1383244013787.jpg)
My Meeting with Top Government Economic Officials
A couple of weeks ago, I announced the good news that the U.S. Commerce Department’s Bureau of Economic Analysis (BEA), the government agency that compiles and publishes GDP every quarter, will be publishing a new economic statistic every quarter along with Gross Domestic Product (GDP).
![[Burning $1 bill]](https://stage8.stockinvestor.com/wp-content/uploads/5930176734_380196d14c_b.jpg)
Did Janet Yellen Really Warn Us about the Housing Bubble?
The media recently has lauded Janet Yellen, Obama’s choice to become the next Fed chairman, for her prescient warnings in the mid-2000s that the housing bubble could cause a financial crisis. For example, Alan Blinder wrote in the Wall Street Journal, Janet Yellen “warned, as early as 2005, that the titanic real-estate market was heading […]
![[Mark Cuban]](https://stage8.stockinvestor.com/wp-content/uploads/6733335339_3a64489025_b.jpg)
Should Insider Trading Be Legal?
“If companies would tell us more, insider trading would be worth less.” — James Surowiecki, New Yorker magazine In a stinging rebuke for the U.S. government, a Texas jury acquitted billionaire Mark Cuban of insider trading. The Securities and Exchange Commission (SEC) accused him of using a private tip to avoid a big loss on […]
Is Capitalism All about Dog-Eat-Dog Competition?
“Markets are a vast cooperative enterprise in which buyers and sellers work together to set prices and allocate resources. Transactions occur without coercion and, in fact, occur only with cooperation.” — Jason Voss, CFA, director, CFA Institute Yesterday, I played “Ten Tennis” with my grandson Luke (age 9). I invented this new version of tennis […]
Replacing Keynes: A New ‘General’ Model of the Economy
Keynesian economics has created much mischief in the world — a bias toward inflation and easy money, chronic deficit spending, an anti-saving mentality, progressive taxation, big government and the welfare state.