Mark Skousen
The Most Hated Adage on Wall Street
“There’s more wisdom in your book than four years of college education!” — Subscriber Back in November 2022, I attended the annual Baron Investment Conference at Lincoln Center (the Opera House) in New York City, along with 5,000 other shareholders. On that occasion, Ron Baron interviewed Elon Musk, who, at the time, was the world’s […]
Slow GO: Is a Bear Market and Hard Landing Coming?
“Congratulations on your work. It has been a long slog to get the national accounts to introduce innovative measures. This will open up the potential for new insights into the behavior of the economy.” — William D. Nordhaus (Nobel Laurette, 2018), Yale University Three weeks ago, I stuck my neck out when I wrote an […]
Milton Friedman’s Blind Spot
“Adam Smith was a radical and a revolutionary in his time — just as those of us who preach laissez-faire are in our time.” — Milton Friedman (1976) Last week, I was on a panel at the Association of Private Enterprise Education (APEE) meetings in Las Vegas. We were there to review the new biography, […]
Only ONE Emerging Market Is Making Big Money
“We have never seen anything like this in Latin America.” — Daniel Di Martino, Economist Special Alert: Today, I announce the world’s most sought-after speaker at FreedomFest. See below. For years, I’ve avoided recommending country funds in emerging markets, and for good reason. The China Fund is down 80% from its high way back in […]
Three Essential Lessons from the ‘Maxims of Wall Street’
Special Alert: The Wall Street Journal published my op ed on the latest gross output (GO) data showing business-to-business (B2B) spending in a two-year decline, suggesting a slowdown or recession in 2024. Watch for it online tonight at https://www.wsj.com/ or in the printed version of op ed page of the Journal tomorrow. “It’s amazing the […]
From Third World to First World: Who Offers the Best Model of State Capitalism?
“Little else is required to carry a state from the lowest barbarism to the highest degree of opulence but peace, easy taxes and a tolerable administration of justice.” — Adam Smith (1755) My wife Jo Ann and I are on the Regent Seven Seas Navigator on the Forbes Cruise to Asia, where I am a […]