Mark Skousen
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 […]
What Is My #1 Macro Indicator Predicting?
“Never fight the Fed.” — Marty Zweig “Don’t fight the Fed — fear the Fed.” — Michael Sincere (MarketWatch) The markets — stocks, tech, bitcoin, gold and even uranium — rallied after Fed Chairman Jay Powell maintained his stance to cut interest rates three times in 2024 once inflation has subdued. Since price inflation is staying stubbornly high at […]
The Question You Should Ask Whenever You’re Wrong
“Never bet on the end of the world. It only comes once, which is pretty long odds.” — Arthur Cashin, New York Stock Exchange Floor Manager (“Maxims of Wall Street,” p. 110) Since Joe Biden gave his State of the Union (or shall we say “Disunion”) speech last week, I’ve encountered a plethora of negative […]