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The Wolf of Wall Street — Truth or Fiction?

01/09/2014

“You know who didn’t have any bad years? Bernie Madoff — until he got caught.” — Ken Fisher The new Martin Scorsese film “The Wolf of Wall Street” is all the rage these days. I refuse to see the film (which I understand holds the world’s record for gratuitous use of the F-bomb, more than […]

My ‘Gross Output’ Statistic is Adopted by the Government

01/02/2014

[In light of this week’s holiday, I am sharing one of my favorite recent columns with you today. This one first appeared on December 5, 2013, when I announced that the Department of Commerce’s Bureau of Economic Analysis decided to adopt the Gross Output statistic that I have championed for more than 20 years. I […]

Is America No Longer the Land of Opportunity for All?

12/26/2013

“For extreme inequality is still on the rise — and it’s poisoning our society.”     –Paul Krugman, New York Times, September 12, 2013 I hope you all had a wonderful and a merry Christmas. During this holiday season, the media and various political pundits have made an issue about income and wealth inequality. “People are really upset […]

The FED Turns 100 — Shall We Celebrate or Mourn?

12/19/2013

“The Federal Reserve has a great reputation but a lousy record.” — Milton Friedman Next Monday, on December 23, 2013, we observe the 100th anniversary of the Federal Reserve Act. Yesterday, I happened to be driving down to Florida to my winter home and stopped by Jekyll Island to commemorate the founding of the Federal […]

365 Ways to Get Rich — Here’s My Favorite

12/12/2013

I’m celebrating Christmas early — I have a major article on page 50 of this week’s Forbes magazine (circulation 1 million). You can read it here. It makes the case for a new pro-business, pro-growth national statistic, Gross Output, which the Feds will be releasing in the spring 2014 along with GDP. Check it out. […]

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Making History: The Feds Adopt My Macro Model with New ‘GDP Plus’ Statistic

12/05/2013

“Gross Output provides an important new perspective on the economy; and one that is closer to the way many businesses see themselves.” — Steve Landefeld, director, Bureau of Economic Analysis, U.S. Department of Commerce I’m getting great response to my Forbes.com article announcing a new supply-side “Austrian” macro statistic, Gross Output (GO), that the federal […]

Getting Free Food is a SNAP

11/28/2013

“Enter into his gates with thanksgiving, and into his courts with praise: be thankful unto him, and bless his name.” – “The Thanksgiving Psalm,” Psalm 100:4 Today is Thanksgiving, a great American tradition started by the Pilgrims and officially established by Abraham Lincoln as a national holiday. It’s one of my favorite holidays — a […]

J. P. Morgan Becomes the Whipping Boy of Washington

11/21/2013

“You can’t pick cherries with your back to the tree.” — J. P. Morgan I’ve always been a big fan of J. P. Morgan, the country’s largest investment bank, since it was established by the grand old man. When visitors come to New York, I often take them down to 23 Wall Street and point […]

ObamaCare is a Big Success! Report from New Orleans Conference

11/14/2013

“ObamaCare is not a ‘trainwreck,’ it is a suicide attack. He wants to hurt us, to bring us to our knees, to capitulate, so we agree under duress to accept big government.” –Wayne Allyn Root, http://www.foxnews.com/opinion/2013/10/21/why-obamacare-is-fantastic-success/ I just returned from the famous New Orleans Investment Conference, where gold bugs meet every year to vent their […]

Wall Street: The Best Friend of Entrepreneurs and Investors

11/07/2013

This week’s cover story of the New Yorker is “Can Wall Street be Fixed?” Yesterday, I was in downtown Kansas City to give a lecture at the historic Kansas City Public Library (actually at an old bank building). I tried to defend Wall Street and made the case that the stock market is the entrepreneur’s […]

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