Certain dates stand out in my life. One is Black Monday October 19, 1987, the day the Dow Jones Industrial Average suddenly collapsed by 22%. That day is also significant because it happened to be my 40th birthday. Ever since then, I’ve been known as the “crash baby.”
Most of my broker friends and investors were [...]
Archive for Mark Skousen
Black Monday October 19, 1987: Why did the Dow Collapse by 22%
A Biography of Hans Sennholz, the Douglas McArthur of Free-Market Economics
Two weeks ago, an old dear friend in the financial freedom movement died at the age of 85: Hans Sennholz.
Hans Sennholz was an inspirational speaker at investment conferences in the 1970s and 1980s. I heard him first at a Howard Ruff conference in the early 1980s. Speaking in a mesmerizing German accent, he was spellbinding [...]
Benjamin Franklin: American Economist, Diplomat & Entrepreneur
In 1790, the year United States founding father Benjamin Franklin died, John Adams wrote with biting sarcasm, “The history of our revolution will be one continued lie from one end to the other. The essence of the whole will be that Dr. Franklin’s electrical rod smote the earth and out sprung General Washington. That Franklin [...]
June 14th, 2007 | Mark Skousen | 1 comment | Continued
The American Economic Association Honours Milton Friedman and John Kenneth Galbraith
A few weeks ago I attended the annual American Economic Association meetings, where two famous economists were honored: the diminutive Milton Friedman and the tall John Kenneth Galbraith. Both these titans in economics had died in the past year following exceptionally long and influential careers.
Yet there was a stark contrast in the two sessions. The [...]
Lunch with Milton Friedman
I was at the New Orleans Investment Conference when I learned that free-market economist extraordinaire Milton Friedman, died on November 16. He was a dear friend. I was probably the last person to go out to lunch with Milton Friedman.
We met at his favorite restaurant in San Francisco, where I showed him a picture of [...]
