Washington, DC (Tuesday, December 22, 2020): On December 22, 2020, the federal Bureau of Economic Analysis (BEA) announced that gross output (GO) – the most comprehensive measure of total spending in … [Read More...]

Mark Skousen's Personal Website for the Best of Money & Economics
Washington, DC (Tuesday, December 22, 2020): On December 22, 2020, the federal Bureau of Economic Analysis (BEA) announced that gross output (GO) – the most comprehensive measure of total spending in … [Read More...]
Washington, DC (Tuesday, December 22, 2020): On December 22, 2020, the federal Bureau of Economic Analysis (BEA) announced that gross output (GO) – the most comprehensive measure of total spending in the economy, including the supply chain – rose dramatically … [Read More...]
Dear friends, A hundred years ago, in 1920, the great author and poet Rudyard Kipling wrote a poem, “Gods of the Copybook Headings.” He was referring to the proverbs or maxims often drawn from sermons, almanacs, and scriptures extolling virtue and wisdom … [Read More...]
In 2001-02, I served as president of the Foundation for Economic Education (FEE), the oldest free-market educational institution in the United States. When I arrive I felt at home immediately when I saw the photographs of three members of my faith who had … [Read More...]
“It was the most heart-rending and most inspiring scene I’ve witnessed.” --News reporter From the time he arrived, Ezra Taft Benson repeatedly requested that he be taken to visit one of the two Protestant churches in Moscow. … [Read More...]
This article was originally published on the FreedomFest Forum on October 10, 2020. The year 2020 has been anything but a year of seeing clearly. It has been characterized by uncertainty, divisiveness, and conflicting views. In the January prediction … [Read More...]
Dear friends, Good news! For the first time, the federal government (BEA) has released the "top line" gross output (GO) at the same time as the "bottom line" GDP. For years, publicly-traded companies have simultaneously posted the top line … [Read More...]
Here are two examples of how private economic research firms are using gross output (GO) to analyze and predict the future of the economy, growth and the markets. David Ranson, chief economist, HCWE, Inc. (formerly H. C. Wainwright Economics). … [Read More...]
Washington, DC (Tuesday, July 7, 2020): On July 6, 2020, the federal Bureau of Economic Analysis (BEA) announced that gross output (GO) – the most comprehensive measure of total spending in the economy, including the supply chain – slowed dramatically in the … [Read More...]
by Mark Skousen Editor, Forecasts & Strategies Dear FreedomFest friends, Welcome to the most HISTORIC FreedomFest ever. The challenges have never been greater, even to put on “the world’s largest gathering of free minds.” Those of … [Read More...]
Dear friends, My publisher, Salem Eagle, has just posted my special 40th Anniversary Report, “Seven Golden Lessons: An Editor’s Perspective After 40 Years.” It contains all the valuable lessons I’ve learned in 40 years on Wall Street. Since starting my … [Read More...]
Washington, DC (Thursday, January 9, 2020): On January 9, 2020, the Bureau of Economic Analysis (BEA) released the “top line” measure of total spending at all stages of the economy, known as gross output (GO), for the 3rd quarter 2019. Real GO rose 2.5%, … [Read More...]
By Mark Skousen Chapman University [email protected] “Today, as in the past, a sound money system is the condition of man’s freedom and the key to his future.” -- Jacques Rueff[1] Three heterodox economists William Mitchell and Martin Watts (both … [Read More...]
I’m mentioned on page 22 for my gross output (GO) model. (Sorry, I may be worth several million, but not several billion!) Steve Forbes endorses my GO model, saying GO is a “far more comprehensive, realistic and enlightening picture than gross domestic … [Read More...]
BY MARK SKOUSEN Presidential Fellow, Chapman University "If I have seen a little further, it is by standing on the shoulders of giants." -- Sir Isaac Newton Dear readers, I thought you'd get a kick out of this series of photos and quotes -- looks … [Read More...]
Washington, DC (Monday, July 29, 2019): On July 19, 2019, the federal government released gross output (GO) for the 1st quarter 2019, and the 1.6% real-term growth -- which was 30% lower than the 2.3% advancement from the previous period – strengthened the … [Read More...]
by Mark Skousen Editor, Forecasts & Strategies Dear FreedomFest friends, Welcome to another great FreedomFest, “the world’s largest gathering of free minds.” Every FreedomFest, the first thing I do is get the printed program and circle … [Read More...]
By Mark Skousen Updated in 2019 “Blessed paper credit! Last and best supply! That lends corruption lighter wings to fly.” --Alexander Pope Since I wrote “Vienna and Chicago, Friends or Foes?” in 2005, we’ve suffered another monetary crisis, this one … [Read More...]
Washington, DC (Friday, April 19, 2019): Today the federal government released gross output (GO) for the 4th quarter 2018, and the increase (2.3% in real terms) confirmed a slow-growth economy as we enter a new year. For the entire year of 2018, real GO grew … [Read More...]
By Mark Skousen Editor, Forecasts & Strategies Washington, DC (Thursday, February 21, 2018): “Gross Output provides an important new perspective on the economy and a powerful new set of tools of analysis, one that is closer to the way many businesses see … [Read More...]
The November 24th issue of The Economist, page 73, is running a new full-page color ad for "The Making of Modern Economics." Here is the ad. (click the image below to see a high resolution version of the ad) … [Read More...]
Washington, DC (Thursday, November 1, 2018): Gross output (GO), the top line of national accounting that measures spending at all stages of production, continued to build on the growth from the first quarter and advanced at an even faster pace than GDP in the … [Read More...]
By Mark Skousen Presidential Fellow, Chapman University [email protected] (This paper is an expanded version of the first Adam Smith Lecture presented on September 24, 2018, at the Panmure House, Edinburgh, Scotland, sponsored by the Edinburgh School … [Read More...]
Washington, DC (Friday, July 20, 2018): Gross output (GO), the top line of national accounting that measures spending at all stages of production, continued to expand in the first quarter, but at a slower pace than the previous quarter. Based on data … [Read More...]
The following are Mr. Forbes remarks following Skousen’s session on “Adam Smith, Marx and Keynes: Who’s Winning the Battle of Ideas?” on Wednesday, July 11, 2018, at the Global Economic Summit, FreedomFest, Paris Resort, Las Vegas. Who's winning the … [Read More...]
For Immediate Release July 18, 2018 Washington, DC: Steve Forbes, chairman of Forbes Media and Editor-in-Chief of Forbes magazine, bestowed upon economist Mark Skousen a Triple Crown in Economics for his work in economic theory, history and … [Read More...]
Revista Procesos de Mercado (Review of Market Processes) has just published Mark Skousen's article, "Blocking Progress in Austrian Economics: A Rejoinder," where he defends his work in gross output (GO) and responds to a recent critique by Walter Block. … [Read More...]
‘Gross output’ reflects the full value of the supply chain, and it portends much faster growth. Reprinted from THE WALL STREET JOURNAL. By Mark Skousen The Bureau of Economic Analysis will release its preliminary first-quarter growth figure on … [Read More...]
Washington, DC (Thursday, April 19, 2018) Gross output (GO), the top line of national accounting that measures spending at all stages of production, accelerated economic growth to record levels in the 4th quarter 2017. Based on data released on Thursday, … [Read More...]
by Mark Skousen Presidential Fellow, Chapman University Editor, Forecasts & Strategies For the previous two quarters (Q2 and Q3, 2017) Gross Output, the new broader measure of the economy that includes the supply chain, was growing at a slower … [Read More...]
Washington, DC (Friday, January 19, 2018): Gross output (GO), the top line of national accounting that measures spending at all stages of production, gained momentum in the 3rd quarter 2017. Based on data released on Friday, January 19, 2018 by the BEA and … [Read More...]
Washington, DC (Thursday, November 2, 2017): Gross output (GO), the top line of national accounting and a leading economic indicator, grew at a slower pace than GDP in the second quarter 2017, indicating a sudden slowdown in economic activity. Mark Skousen, … [Read More...]
“Mark Skousen is America’s leading economic author because he roots his luminous books in the real world. He is the Hayek of our era.” – George Gilder Based on his popular classes at Chapman University and Columbia Business School, Professor Mark Skousen … [Read More...]
By: MARK SKOUSEN Washington, DC (Wednesday, July 26, 2017): Gross output (GO), the top line of national accounting that measures spending at all stages of production, continued to increase much faster than GDP in the first quarter 2017, indicating a … [Read More...]
Washington, DC (Friday, April 21, 2017): Gross output (GO), the top line of national income accounting, increased sharply and much faster than GDP in the fourth quarter 2016, indicating a robust economy for 2017. “Whenever GO grows faster than GDP, it’s a good … [Read More...]
By Mark Skousen Washington, DC (Thursday, November 3, 2016): Gross output, the top line of national income accounting, increased 1.1% in the second quarter of 2016, according to data released today by the Bureau of Economic Analysis. It is still sluggish … [Read More...]
Washington, DC (Thursday, July 21, 2016): U. S. economic activity is still sluggish and without indication of significant growth. Economic data released today indicates that industries in the early stages of production are struggling, which could spell … [Read More...]
By Mark Skousen Special to the Franklin Prosperity Report July 4, 2016 “In the fourth year of Franklin’s administration, [the Post Office] paid a profit for the first time in its history.” -- Thomas Fleming, “The Man Who Dared the Lightning” … [Read More...]
In addition to all the great debates, presentation and hundreds of vendors in our exhibit hall. there are many other activities to occupy your time and challenge your intellect. One … [Read More...]
This is a significant breakthrough, which I have encouraged them to do for some time. Here is the BEA’s official release (March 25, 2016), which re-defined GDP as follows: "Real gross domestic product -- the value of the goods and services produced by … [Read More...]
By Mark Skousen April 21, 2016 Washington, DC (Thursday, April 21, 2016): U. S. economic activity continued to slow dramatically in the 4th quarter 2015, threatening recession. As a whole, the growth rate of the economy was anemic, almost flat, for … [Read More...]
We hear constantly that consumer spending is 70% of GDP and that consumer spending drives the economy. Our government often sets policies and spends taxpayer money in order to increase consumer spending in a misguided attempt to stimulate the … [Read More...]
March 9, 2016: Today marks the 240th anniversary of the publication of “The Wealth of Nations,” by Adam Smith. On this day Dr. Mark Skousen is also pleased to announce the publication of the new third edition of his bestselling history, “The Making of Modern … [Read More...]
Federal Government Introduces a New Macro Statistic: A Triumph in Supply-side “Austrian” Economics and Say’s Law Mark Skousen, The Structure of Production. New York University Press. Third revised edition, 2015, 402 pages. $26 paperback. Available on … [Read More...]
The Rational, The Relentless - Liberty Magazine - September 2007 by Mark Skousen “To keep the fish that they carried on long journeys lively and fresh, sea captains used to introduce an eel into the barrel. In the economics profession, Milton Friedman is … [Read More...]
Elder Ezra Taft Benson Speaks at the Central Baptist Church in Communist Russia, October, 1959 “It was the most heart-rending and most inspiring scene I’ve witnessed.” --News reporter From the time he arrived, Ezra Taft Benson repeatedly … [Read More...]
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Since 1980, Skousen has been editor in chief of Forecasts & Strategies, a popular award-winning investment newsletter. He also is editor of three trading services, Skousen Private Equity Trader; Skousen High-Income Alert and Fast Money Alert.
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FreedomFest is an annual festival in Las Vegas where free minds meet to celebrate “great books, great ideas, and great thinkers” in an open-minded society. It is independent, non-partisan, and not affiliated with any organization or think tank.
Anthem is the only film festival in the country devoted to promoting libertarian ideals. Anthem shows films and documentaries that celebrate self-reliance, innovation, commerce, individual rights, and the power of persuasion over force. We are looking for the year's best films about personal and civil liberty.