"We're still being challenged by the 2008 financial crisis and the 2020 pandemic, and we have the Russia and Ukrainian war. What's going to be next nuclear war? Some pretty shocking things are happening that will keep us all busy,"-Mark Skousen
What do the current supply chain issues have to do with the current inflation rates?

And are the supply chain issues currently resolving themselves?

Mark Skousen (Ph.D., economics, George Washington University) was recently named one of the top 20 living economists in the world (www.superscholar.org ). In 2014, he was appointed a Presidential Fellow at Chapman University in California. Since 1980, he has been editor-in-chief of Forecasts & Strategies, a popular award-winning investment newsletter. He's also the author of several books, including the highly referenced, The Making of Modern Economics - 4th Edition. He is the producer of Freedom Fest, "the world's largest gathering of free minds," which meets every July.

On this episode of The Wiggin Sessions, Mark joins me to discuss the impact of supply chain issues on the current economy and how the free market is finding solutions to supply chain shortages.

Mark shares the type of inflation he believes is on its way down, his prediction of FED panic and what will happen to the economy in 2023, and the stories that led him to update his book, The Making of Modern Economics.

Listen in as Mark shares how his work with Hudson Link teaching colleges courses at Sing Sing Correctional Facility is changing lives and why we need groups like Freedom Fest to stay in existence now more than ever.

Key Takeaways

How the difference between measuring the Gross Output (GO) and the GDP effects the measurement of the economy

What the supply chain issues have to do with the current inflation rates

How the market is moving to solve the supply change problems

Mark shares which type of inflation he feels will soon be on his way down

Mark shares his personal prediction of FED panic and what will happen to the economy in 2023

The only tool the FED has to ease the recession

Why Mark feels Ben Bernanke should have been fired rather than given the Nobel Peace Prize

How Mark developed the theories that led him to write The Making of Modern Economics

Mark shares how his work with Hudson Link teaching colleges courses at Sing Sing Correctional Facility helped reduce the recidivism rate

Mark shares the background behind Freedom Fest

How much of the idea for Freedom Fest is based on the Mont Pelerin Society

Why groups like Freedom Fest need to stay in existence to keep socialism from dominating our society

Connect with Mark Skousen

Mark Skousen

Connect with Addison Wiggin

Consilience Financial

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Resources

Forecasts & Strategies

Skousen Books

A Viennese Waltz Down Wall Street

The Making of Modern Economics - 4th Edition

Hudson Link for Higher Education in Prison

Zero Percent (2011) - IMDb

The Mont Pelerin Society

Freedom Fest