40+ Mark Skousen Quotes On Money, Education And Stock Market

Mark Skousen is an American economist, investment analyst, and newsletter editor. He is the founder and producer of FreedomFest, an annual libertarian conference, and the editor of Forecasts & Strategies, a popular investment newsletter. He is also a professor of economics at Chapman University and editor of The Complete Guide to Financial Privacy. Following is our collection on famous quotes by Mark Skousen on leadership, money, education.

Top 10 Mark Skousen Quotes

1. The triumph of persuasion over force is the sign of a civilized society.
2. Gold is as steady as a rock, a standardbearer by which all currencies can be accurately measured.
3. We shall never change our political leaders until we change the people who elect them.
4. For those of us in the financial world, Black Friday has a strong negative connotation, referring to a stock market catastrophe.
5. The profit motive promotes economic growth by creating better products at cheaper prices.
6. No one spends someone elses money as carefully as he spends his own.
7. Negative books can be bestsellers, but seldom classics.
8. The income tax is flawed for a number of reasons - it discourages economic growth and encourages a bloated government.
9. Balance in life is the key, as Aristotle taught us. Nobody likes a naive Pollyanna, but neither do we like to be around people who are constantly complaining and finding fault.
10. Banking technology has made it simple and efficient to invest in good causes.

Mark Skousen Short Quotes

• The triumph of persuasion over force is the triumph of civilization.
• It is business that generates the jobs, income and taxes that keep a country going.
• I am tired of the constant demonizing of people via political labels.
• You can judge a man by the books in his library.
• The media simply does not understand Econ 101.
• When everyone is a contrarian, nobody is a contrarian

Mark Skousen Quotes About Money

The worst thing that can happen to an investor is to make money on his first trade; he thinks investing is easy — Mark Skousen

Donating money to a few of my favorite free-market organizations used to be a pleasant duty, but now I'm literally inundated with demands from hundreds of think tanks and public-policy groups, all vying for my limited funds — Mark Skousen

Bill Gates and Warren Buffett have their 'Giving Pledge,' where billionaires promise to give away the majority of their wealth when they die. My Social Security Pledge is better - to give money to good causes when you are alive. Besides, more Americans can participate. — Mark Skousen

Mark Skousen Quotes About Society

Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success. — Mark Skousen

In a free society, individuals have the right to do right or wrong, as long as they don't threaten or infringe upon the rights or property of others. — Mark Skousen

Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. — Mark Skousen

Mark Skousen Famous Quotes And Sayings

Fraud is common when you give away billions. Fraud related to Hurricane Katrina spending is estimated to top $2 billion. In addition, debit cards provided to hurricane victims were used to pay for Caribbean vacations, NFL tickets, Dom Perignon champagne, 'Girls Gone Wild' videos, and at least one sex change operation. — Mark Skousen

All workers, whether they are employed in the private or public sector, should avoid living 'paycheck to paycheck.' Studies show that every household wastes 10% or more of its salary or income on unnecessary expenditures or by not taking the time to shop for better prices. It's all a matter of proper budgeting. — Mark Skousen

The fundamental flaw in Social Security and Medicare is that they violate the 'welfare principle' in economics. The welfare principle forms the fundamental basis of all charitable work in churches and other private organizations: assist those who need help, and equally important, don't assist individuals who can take care of themselves. — Mark Skousen

Bitcoin is not an actual physical coin, and if computers are shut down, you can't buy or sell them. That's why nothing will ever replace gold and silver coins themselves, and all investors should have them at home or in a safe deposit box. — Mark Skousen

One suggestion my wife and I have used in our personal finance courses we teach at college is simply writing down all expenditures and seeing where the money goes. That alone will cause heads of households to think twice about x, y or z expenditure, and to consider carefully whether they really need something or not. — Mark Skousen

I've felt for some time that economics needs to be taught differently by economists who actually have had experience making a payroll or investing on Wall Street. When economics is taught by pure academics, watch out. — Mark Skousen

In the early 1980s, I burned my Social Security card at the New Orleans Investment Conference in protest of the state pension system. — Mark Skousen

Even though I've reached retirement age, I still plan to work - writing my investment newsletter, speaking at conferences, publishing books, and producing conferences like FreedomFest. — Mark Skousen

Back in 1960, the paper dollar and the silver dollar both were the same value. They circulated next to each other. Today? The paper dollar has lost 95% of its value, while the silver dollar is worth $34, and produced a 2-3 times rise in real value. Since we left the gold standard in 1971, both gold and silver have become superior inflation hedges. — Mark Skousen

I have on my bookshelf a series of books with opposite titles: 'The Alpha Strategy' and the 'Omega Strategy'; 'Asia Rising' and 'Asia Falling'; 'Free to Choose' and 'Free to Lose'; 'How to Win Friends and Influence People' and 'How to Lose Friends and Alienate People.' Visitors love the collection. — Mark Skousen

Contrary to what President Obama said in his inaugural address, going on Medicare and food stamps does not strengthen us. Just ask people who are fourth-generation welfare recipients. — Mark Skousen

If you are wealthy enough, use part or all of your Social Security proceeds to invest in a favorite cause or two. Invest 10 percent or 100 percent of your monthly Social Security check in your favorite charity, foundation, think tank, church or synagogue, or other good cause. — Mark Skousen

The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains. — Mark Skousen

You can give your Social Security check to any organization, public or private, or to individuals. You can donate it to your favorite political party. You can give the funds to a student scholarship - for your grandchildren, for example - or to somebody who has a medical need. Or you can invest your government check in free enterprise. — Mark Skousen

Gold and Silver have always had value, never gone to zero. Can you say the same for stocks and bonds? — Mark Skousen

Here in America, government began as a tool to assure freedom. It gradually turned into a hideously expensive political toy designed to redistribute your wealth and control most aspects of your business and private life. — Mark Skousen

I only have disdain for New York City Mayor Michael Bloomberg. He raised taxes and has increased regulations. What else is new? He's a bully who wants to micro-manage people's lives by mandate, not persuasion. — Mark Skousen

I find it ironic how New York City Mayor Mike Bloomberg is so focused on such small issues as drink sizes, while ignoring the massive infrastructure challenges in New York - lousy roads, third-world airports, traffic jams, etc. — Mark Skousen

Life Lessons by Mark Skousen

1. Mark Skousen's work emphasizes the importance of understanding economic history and the importance of free markets.
2. He advocates for sound fiscal policy, including low taxes and limited government spending.
3. He also encourages individuals to take personal responsibility for their financial well-being and to invest in themselves through education and training.