Skousen CAFE: A + B = Introducing the Two Doctors of Wealth Creation and Free-Market Capitalism

You are receiving this email because you signed up to receive our free e-letter Skousen Investor Cafe, or you purchased a product or service from its publisher, Eagle Financial Publications. [Skousen's Investor CAFE] [Forecasts & Strategies]( [Fast Money Alert]( [Five Star Trader]( [Home Run Trader]( [TNT Trader]( A + B = Introducing the Two Doctors of Wealth Creation and Free-Market Capitalism By Mark Skousen Editor, [Forecasts & Strategies]( 06/15/2023 Sponsored Content [Exposed: Dollar Endgame. If you have more than $2,500 in savings or stocks you must act now]( Our financial system is about to be transformed in a way that would’ve been unthinkable just a few years ago, and almost nobody is prepared for the chaos that follows. To show you everything you need to know about the FedNow system –I urge you to watch this controversial presentation with all the details. [Click here to find out what you need to do to prepare for this historic transformation.]( “Little else is required to carry a nation to the highest level of opulence than peace, easy taxes and a tolerable administration of justice.” -- Dr. Adam Smith (1755) “The way to wealth is as plain as the way to market. It depends chiefly on two words, industry and frugality.” -- Dr. Benjamin Franklin (1757) Last week, I had the opportunity to give two lectures on what I call the two doctors of free-market capitalism and wealth creation. Following their advice, you are bound to be financially independent. The first was at the Panmure House in Edinburgh, Scotland, the final residence of Adam Smith, the father of free-market economics. My second lecture was at the Benjamin Franklin House on Craven Street in London, England, when Franklin acted as the American colonial agent. + Adam Smith and Benjamin Franklin have much in common. They are both founders: Adam Smith (1723-1790) is considered the father of free-market economics, and Benjamin Franklin (1706-1790) is honored as the father of American capitalism and entrepreneurship. Both Declared Their Independence in 1776! They lived at the same time during the 18th century, and were friends, although Franklin was older. Smith published his magnum opus, “The Wealth of Nations,” in March 1776. Four months later, Benjamin Franklin signed the Declaration of Independence. They knew each other in Great Britain, and supported American independence. They each received doctorates, Smith a law degree at the University of Glasgow, and Franklin an honorary degree at St. Andrews for his scientific contributions. They died in the same year, 1790. Strange Bedfellows Although Smith was a recluse and Franklin a bon vivant, they had a similar philosophy in economics (free markets), politics (democratic republic) and religion (Christian deists). They saw a bright future of universal prosperity if the people adopted the principles of industry, thrift, limited government, the rule of law, sound money and free trade. Smith called it “the system of natural liberty.” He declared, “To prohibit a great people from making all that they can of every part of their own produce, or from employing their stock and industry in the way that they judge most advantageous to themselves, is a manifest violation of the most sacred rights of mankind.” Franklin used the French term, “laissez-faire.” Leave us alone! Government can play a small but important roll. “A virtuous and industrious people may be cheaply governed,” he wrote. Both denounced most governmental regulations of industry and interference with the economic activities of people. To achieve economic progress, they offered a simple solution: unleash the powers of self-interest! Franklin once wrote, “It seems contrary to the nature of commerce, for government to interfere in the prices of commodities. Trade is a voluntary thing, between buyer and seller, in every article of which each exercises his own judgment, and is to please himself." As Columbia professor Wesley Mitchell said, “the wealth of nations will increase most rapidly if every person is allowed the fullest opportunity to decide for his own individual self what is the best way to use his labor and whatever capital he possesses. In other words, the best policy for governments... is to interfere as little as possible with the occupations and investments of its citizens." [The Fed's 'Wrecking Ball' [There's Only One Way To Dodge It]]( According to Top 20 Living Economist Dr. Mark Skousen... The Federal Reserve's moves are about to get even more dangerous... Forcing everyday investors to make panic-fueled decisions. To learn all about the Fed's "wrecking ball" -- and what Dr. Skousen is doing with his own personal investments -- [click here now.]( 'The Obvious and Simple System of Natural Liberty' Their formula of success can be reduced to a simple equation: A + B = C, where: A = Adam…. as in Adam Smith B = Ben…. as in Benjamin Franklin C = Capitalism. 'The Two Great Texts to Build and Retail Wealth' Recently, I came across a book edited by Anbine Maudet, which combined Franklin’s pamphlet, “The Way to Wealth,” and an abridged version of Smith’s “Wealth of Nations” (590 pages). She states, “This book is a compilation of two great texts of the 18th century that enabled many people to build and retain wealth. Benjamin Franklin and Adam Smith are now respectively depicted on the U.S. $100 bill and the Bank of England £20 note.” In review of Franklin's and Smith's economic and political views, they agreed on almost everything. They firmly believed in free trade, limited government, easy taxes, the benefits of population growth and immigration, the positive role of saving and investing and a paper money standard (fractional reserve banking backed by gold and silver). They opposed slavery and excessive government regulation. They were culturally conservative and favored peace and the commercial society. Both saw a bright future for America after the new nation adopted Constitutional limited government, the rule of law, sound money and free trade. Adam Smith predicted that America will eventually become the world’s super power. Ben Franklin saw a rising sun for the new country: “America will, with God’s blessing, become a great and happy country.” They were both right! Franklin’s Influence on 'The Wealth of Nations' It appears that Franklin had a significant influence on Smith's positive writings on the future of America and American independence in “The Wealth of Nations.” Both were residents of London in 1773-1775. According to one report, prior to publishing his magnum opus in 1776, Adam Smith met frequently with Benjamin Franklin, Richard Price and other literary friends, and brought various chapters to their meetings, receiving comments and making changes to the manuscript. [Your Invitation to the Most Important Active Trading and Investing Event of the Summer]( As companies continue to make AI-related layoff announcements, it's more important than ever to invest in skills that will provide independence and financial stability. Join us and 60+ trading and investing experts at the upcoming July Wealth365 Summit from July 10th-15th. With the bank crisis still topping headlines and the housing market signaling a slowdown, there is no better time to join the Summit and equip yourself with the tools you need to protect and manage your finances. [Reserve your seat here.]( The A & B Classics Updated! For the 21st century, here are two books devoted to the A & B model of capitalism: In “The Making of Modern Economics,” Adam Smith and his system of natural liberty are the heroes of economics. Every economist is rated either in favor of the House that Adam Smith Built or against it. I list Ben Franklin as a “pre-Adamite” who advised Smith on American developments and was a big fan of “The Wealth of Nations.” See chapter one, “It All Started with Adam.” For more information on my unique approach, go to [The Making of Modern Economics -- MSKOUSEN.COM.]( It's now in its 4th edition and published by Routledge. Douglas Irwin, the foremost authority on free trade and a professor at Dartmouth College, says, “The Making of Modern Economics is the most interesting and lively book on the history of economic thought ever written.” To purchase the book at a 35% discount, go to [www.skousenbooks.com](. The price is only $35, and I pay postage if mailed inside the United States. The second book is “The Maxims of Wall Street: A Compendium of Financial Adages, Ancient Proverbs and Worldly Wisdom.” Franklin is cited 17 times, more than anyone else except Jesse Livermore, Gerald Loeb and Warren Buffett. Two of my favorites are “Nothing but honey is sweeter than money” and “No revenue is sufficient without economy.” To purchase the book for only $20, go to [www.skousenbooks.com](. All copies are numbered, autographed and postpaid if mailed inside the United States. Larry Elder to Address FreedomFest: Full Schedule Now Online FreedomFest is only a month away! Our full agenda -- speakers, panels, debates and breakout sessions -- is now posted online. Go to [www.freedomfest.com/agenda]( to check it out. You will be amazed! You can also click on each speaker and see when and about what they are speaking: [2023 Speaker Lineup -- FreedomFest.]( We’re still adding new speakers and hot topics. Good news! Talk show host Larry Elder, who is running for president, will address us. He’s been rated one of the top three speakers at past FreedomFests. See you there. Good Investing, AEIOU, [Mark Skousen] Mark Skousen Doti-Spogli Endowed Chair of Free Enterprise, Chapman University [Wikipedia]( [Newsletter and trading services]( [Personal website]( [FreedomFest]( [You Blew It!] Fox News Host Sean Hannity Interviews California's Governor Newsom! By Mark Skousen Editor, [Forecasts & Strategies]( One of the sad trends in today's media is that opponents don't interview each other any more. There used to be a time when Bill O'Reilly would take on a politician, but most of the time, they just interview people they agree with, whether on CNN, MSNBC or Fox News. So, I was amazed that California Governor Gavin Newsom was willing to sit down and be interviewed by Fox News' Sean Hannity. You can watch the [full interview]( here. This is the kind of dialogue that we desperately need. I am glad to see it. It's what we try to do all the time at FreedomFest. Gov. Newsom came across like "Slick" Willy, President Bill Clinton. When I jogged with President Clinton back in 1992, he sounded like a Republican. Gov. Newsom apparently has the same skill. Beware! About Mark Skousen, Ph.D.: [Mark Skousen]Mark Skousen is an investment advisor, professional economist, university professor, author of more than 20 books, and founder of the annual FreedomFest conference. For the past 40+ years, Dr. Skousen has been investment director of the award-winning newsletter, [Forecasts & Strategies](. He also serves as investment director of four trading services: [TNT Trader]( [Five Star Trader]( [Home Run Trader]( and [Fast Money Alert](. To ensure future delivery of Eagle Financial Publications emails please add financial@info2.eaglefinancialpublications.com to your address book or contact list. View this email in your [web browser](. This email was sent to {EMAIL} because you are subscribed to Mark Skousen's Investor CAFE. To unsubscribe please click [here](. If you have questions, please send them to [Customer Service](mailto:customerservice@eaglefinancialpublications.com). Legal Disclaimer: Any and all communications from Eagle Products, LLC. employees should not be considered advice on finances. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized advice on finances. 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