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Quote by Mark Skousen

“The income tax is flawed for a number of reasons - it discourages economic growth and encourages a bloated government.”

Quote by Mark Skousen

Author

Mark Skousen is an American economist born in 1947. He is known for his extensive research and teaching in the field of economics, particularly in macroeconomics and investment theory. Professor Skousen has held teaching positions at several renowned universities and has authored numerous economics textbooks. more

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“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.”

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“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.”

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“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.”

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“A terrorist network that believes a nation so tested will fold under pressure of a few horrific acts may capture its attention, but will not achieve its submission.”

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“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.”

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“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.”

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“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.”

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“I had this extraordinarily bizarre moment when, two Fridays ago, my missus gave birth to our second child at 11am and by the same time the following day I was sitting around a table with Ridley Scott, Russell Crowe and Leonardo DiCaprio in Rabat in Morocco, rehearsing a scene we were going to shoot the next day.”

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“In the past, if I didn't work, I didn't eat but now I feel I can not work and I won't starve.”

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