U.S. Economy Doing Better Than Expected

by Mark Skousen on August 1, 2014

U. S. ECONOMIC ACTIVITY HOLDS STEADY IN 1ST QUARTER 2014

Washington, DC –  Gross Output, a broader measure of  U. S. economic activity published by the Bureau of Economic Analysis, held steady at $30,210.6 billion in the first quarter of 2014.

“The GO data demonstrates that the economy is not as bad off as GDP figures initially suggested,” stated Mark Skousen, editor of Forecasts & Strategies and a Presidential Fellow at Chapman University, who champions Gross Output as a more comprehensive measure of economic activity.   He introduced Gross Output as a macroeconomic tool in his work The Structure of Production (New York University Press, 1990).  Now the BEA publishes GO on a quarterly basis in its “GDP by Industry” data.

The GO data was released by the BEA on Friday, July 25, 2014:  http://www.bea.gov/iTable/iTable.cfm?ReqID=51&step=1#reqid=51&step=51&isuri=1&5114=q&5102=15 [click to continue…]

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FreedomFest 2014 Report

by Mark Skousen on July 31, 2014

Over 2,000 Look to Private Solutions at This Year’s “Greatest Libertarian Show on Earth”

By Mark Skousen
Producer, FreedomFest

“This was my seventh FreedomFest, and the best ever. It’s turned into an annual reunion with old friends and new who come from all over the country and the world.  There’s nothing like it.”   –Gene Epstein, Economics Editor, Barron’s

Over 2,000 wealthy investors, concerned citizens, and freedom organizations participated into this year’s big show at Planet Hollywood, Las Vegas.  They were anxious to find solutions to their financial and economic challenges without government involvement.

The buzz was palpable from the beginning of the opening cocktail party to the gala Saturday night banquet.  “It was a WOW experience.  I heard that from many attendees,” wrote a reporter.  “To see Steve Forbes and John Mackey there all four days, that was something,” said an attendee.  [click to continue…]

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Open Letter to All Freedom Lovers

June 2, 2014

From Mark Skousen, producer of FreedomFest I woke up this morning thinking about “Why We Need to Get Together Once a Year.“  Over the years, I’ve been impressed with the proliferation of free-market think tanks and freedom organizations which are doing their part to make a difference:  publishing websites, special reports and books; holding meetings [...]

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Marx Madness is Back

May 28, 2014

“Capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine democratic societies.” — Thomas Piketty, “Capital in the 21st Century” (2014) The Economist magazine rightly called French professor Thomas Piketty the new Marx, although a watered down Marx. His bestseller (rated #1 on Amazon and the New York Times) is a thick volume with the [...]

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Economist Makes Lead Story in the Wall Street Journal….Barron’s….and Forbes

April 28, 2014

I made the lead story in the Wednesday, April 23, 2014, edition of the Wall Street Journal.  The title:  “At Last, a Better Economic Measure.”  You can read it here:  http://on.wsj.com/PsdoLM The editors of the WSJ don’t allow the author to see or approve the headline or subhead, but they nailed it perfect.  And I [...]

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Steve Forbes Endorses My Gross Output Statistic

April 23, 2014

“Mark Skousen’s Gross Output statistic…will have a profound and manifestly positive impact on economic policy and politics.”  — Steve Forbes, Forbes magazine, April 14, 2014 The Bureau of Economic Analysis will start releasing Gross Output (GO) along with GDP every quarter starting on Friday, April 25.  I consider it a triumph in supply side “Austrian” [...]

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Chapman Students Are Surprised by the Answer to My Environmental Question

February 25, 2014

In January, my wife and I had the opportunity to teach at Chapman University, where I am a Presidential Fellow for 2014.  She taught a class in poetry, and I taught “Modern Political Economy:  Who is Winning the Battle of Ideas?”  I used my textbook, “The Making of Modern Economics,” now in its 2nd edition. One [...]

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A Personal Triumph 25 Years in the Making with Launch of New Macro Statistic

December 2, 2013

For the first time since World War II, the Federal government (Bureau of Economic Analysis) will begin publishing a new macro statistic Gross Output [GO] starting in spring 2014 at the same time it releases its quarterly GDP data. Forbes.com article has just published my article on this new statistic “Beyond GDP“: http://www.forbes.com/sites/realspin/2013/11/29/beyond-gdp-get-ready-for-a-new-way-to-measure-the-economy/ A shortened [...]

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JFK Assassination: I Remember the Day

November 22, 2013

What were you doing 50 years ago on the day President Kennedy was assassinated? I remember it well. I was a junior at Sunset High School in Portland, Oregon, and was sitting with my girl friend Mary Craner in the library when the monitor came on with Walter Cronkite announcing that the President had been [...]

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Perfect Holiday Gift – Maxims of Wall Street

November 18, 2013

Just in time for the Holidays   The perfect gift for family members, friends and colleagues interested in finance, investing, economics, Wall Street and the business of money. Maxims of Wall Street: A Compilation of Financial Adages, Ancient Proverbs, and Worldly Wisdom is a classic reference to read with delight for years to come, and [...]

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