Mark Skousen: “Bad government drives out good business.”

Episode 125: Alasdair Macleod interviews the intellectual Mark Skousen, who has recently been added to a list of the top 20 most influential living economists, and has also had a business school named after him for his contribution to economics.

Mark has a deep understanding of free market principles and Austrian economics. He shares his views on the near term future with Alasdair. Mark currently sees positive aspects within the private sector, but harbours concern with regards the public sector.

Mark and Alasdair discuss governments, their largess, and their inability to face up to the severity of the fiscal issues they face. The two men discuss the reality and perception of European “austerity”. Are governments really practicing austerity?

The conversation then moves eastwards to Japan for more insight, and then finally onto the gold market.

Skousen has made some very big – correct – market calls in the past, and also produces freedomfest.

This podcast was recorded on 21 May 2013.

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Alasdair started his career as a stockbroker in 1970 on the London Stock Exchange. In those days, trainees learned everything: from making the tea, to corporate finance, to evaluating and dealing in equities and bonds. They learned rapidly through experience about things as diverse as mining shares and general economics. It was excellent training, and within nine years Alasdair had risen to become senior partner of his firm. Subsequently, Alasdair held positions at director level in investment management, and worked as a mutual fund manager. He also worked at a bank in Guernsey as an executive director. For most of his 40 years in the finance industry, Alasdair has been de-mystifying macro-economic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman’s terms what governments do with money and how to protect themselves from the consequences.

One thought on “Mark Skousen: “Bad government drives out good business.””

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