Skousen CAFE: No. 1 Mistake by the Media
The media reported last week that real income for Americans fell sharply, largely due to the tax increase passed by Congress on Jan. 1. But then reporters gave their spin. One from Marketwatch reported, “Worst income in years doesn’t stop | Read More »
Skousen CAFE: Only One School Can Solve Today’s Economic Problems
I quoted Adam Smith last night at a big debate on the “Fiscal Crisis” facing the West. Rollins College, in Winter Park, Fla., sponsored the debate between Charlie Rock and Eric Shulz, of the school’s economics department, and me.
Skousen CAFE: Three Fiscal Crises Heading our Way
Three federal crises are heading our way — the “sequester” battle on March 1, the end of the “continuing resolution” of the budget on April 1, and the next “debt-ceiling” debate around May 1. It could be a rocky spring on Wall Street.
Skousen CAFE: Obama’s State of the Union: A Sign of Failure
“The triumph of persuasion over force is the sign of a civilized society.” In my pamphlet, “Persuasion vs. Force,” I made the point that when the U.S. president signs a bill forcing people to do things they don’t do voluntarily, | Read More »
Skousen CAFE: Why the Income Tax is Bad for America
“Little else is required to carry a state to the highest degree of opulence but peace, easy taxes, and a tolerable administration of justice.” — Adam Smith
“If everyone enjoyed the unrestricted use of his faculties and the free disposition of the fruits of his labor, social progress would be ceaseless, uninterrupted, and unfailing.” — Frederic Bastiat, “The Law” (1850)
Skousen CAFE: Stop Treating Me like a Criminal
“You must trust and believe in people or life becomes impossible.”
– Anton Chekhov
Foreign aid causing dangerous arms race
Sen. Rand Paul’s trip to Israel finds our tax dollars wasted on hate-filled propaganda.
Skousen CAFE: U.S. Mint Suspends Sales of Silver Dollars
Guns and ammo aren’t the only things Americans are buying in record amounts. Last week, the U.S. Mint announced that it has suspended sales of its 2013 American Eagle silver bullion coins after running out of stock due to soaring | Read More »
Skousen CAFE: What Would Benjamin Franklin Say Today: A Warning to America
Today is Ben Franklin’s 307th birthday. What would this founding father extraordinaire, the first scientific American and financial guru say about America in 2013? As a sixth-generation grandson of the famous man, I imagined contacting the grandfather of our nation through modern technology and asking him directly. Here is the conversation:
Skousen CAFE: Have You Seen This Shocking Graph?
I finished a productive trip to San Diego for the American Economic Association (AEA) meetings, where I met with several top economists, including Nobel Prize winners. One of the most popular sessions was a panel on the 100th anniversary of the Federal Reserve.
Skousen CAFE: John Lennon’s “Imagine” for 2013
As we start a new year, I imagine, as John Lennon did in his famous song, a world of peace between nations, no major crimes or suicides, little inflation, low taxes and tolerable regulations.
Ben Franklin’s politically incorrect telling of the first Thanksgiving
Did you know that the day we celebrate as Thanksgiving was supposed to be a fast? It took one politically incorrect farmer to change the course of history.
Why I burned my Social Security card
In the early 1980s, I burned my Social Security card at the New Orleans Investment Conference in protest of the state pension system.
Capitalist USA beats communist China in Olympics
Opinion: America’s melting pot of citizen athletes boiled over in the Olympics for everyone to see. A diversified, open-to-all, laissez faire policy works wonders and sends a message loud and clear to the world: Democratic capitalism works!
The power of one: Milton Friedman won all debates except one
“It is incredible the quantity of good that may be done in a country by a single man who will make a business out of it…” –Ben Franklin (1783) On Tuesday evening, July 31, over 300 people met in the | Read More »