Richard Salsman

Senior Fellow

AIER Senior Fellow Richard M. Salsman is president of InterMarket Forecasting, Inc. and a visiting assistant professor of political economy at Duke University. Previously he was an economist at Wainwright Economics, Inc. and a banker at the Bank of New York and Citibank. Dr. Salsman has authored the books Gold and Liberty (1995), The Collapse of Deposit Insurance and the Case for Abolition (1993) and Breaking the Banks: Central Banking Problems and Free Banking Solutions (1990), all published by AIER, and The Political Economy of Public Debt: Three Centuries of Theory and Evidence (2017).  His fifth book – Where Have all the Capitalists Gone? Essays in Moral Political Economy – was published by AIER in 2021.

Dr. Salsman earned a B.A. in economics from Bowdoin College (1981), an M.A. in economics from New York University (1988), and a Ph.D. in political economy from Duke University (2012). His personal website is https://richardsalsman.com/

 

Books by Richard M. Salsman

The Daily Economy2/9/26

Liberty Eroding, Gold Rising: 30 Years of Warning

The dollar's lost half its value and the price of gold exploded since our author first warned that politicians are ruining our purchasing power.

Liberty Eroding, Gold Rising: 30 Years of Warning
The Daily Economy9/19/24

Fed Rate Cuts Are Unlikely to Goose the Stock Market or Prevent a Recession

"Rate cuts based on hindsight instead of foresight can confirm a recession but can’t prevent it." ~Richard Salsman

Fed Rate Cuts Are Unlikely to Goose the Stock Market or Prevent a Recession
The Daily Economy8/19/24

A Recession the Yield Curve Predicted (Again)

"We get the signal that another recession will arrive within 12-18 months, then we get the signal that says recession is imminent. The door knocks are getting harder and louder.…

A Recession the Yield Curve Predicted (Again)
The Daily Economy9/25/23

The Multiyear Decline in US Economic Freedom

"In 2007 only three countries were economically freer than the US, but by 2015 eleven nations were. Today, 24 are freer." ~Richard Salsman

The Multiyear Decline in US Economic Freedom
The Daily Economy7/8/23

The Inverted Yield Curve and Next US Recession

"When will the start of the next recession be recognized? On average since 1980 the NBER has waited eight months before assigning a starting date (and fifteen months to assign…

The Inverted Yield Curve and Next US Recession
The Daily Economy7/1/22

Stocks and Bonds Hurt Alike Under Stagflation

"When bonds and stocks decline a lot and simultaneously it suggests inflation is rising rapidly even as the economy is stagnating or contracting (or will soon do so). For most…

Stocks and Bonds Hurt Alike Under Stagflation
The Daily Economy5/13/22

Rent Selling Countries are More Corrupt and Less Wealthy

"The real cronies are those who demand and supply interventionism. Despite their claims, they can’t get money out of politics, or reduce corruption, because they’re so eager to inject politics…

Rent Selling Countries are More Corrupt and Less Wealthy
The Daily Economy1/4/22

The Impact of Higher Inflation on US Asset Class Returns

"If the Fed is to be a mere BoJ copycat, does that mean that it can keep US equities artificially elevated by a perpetually low policy rate? No more than…

The Impact of Higher Inflation on US Asset Class Returns
The Daily Economy9/28/21

The Costly but Deliberate U.S. Labor Shortage

"Today’s U.S. labor shortage is both uneconomic and unnecessary, yet nonetheless what appears to be a deliberate policy aim. Sadly, the same can be said about a wide range of…

The Costly but Deliberate U.S. Labor Shortage
The Daily Economy8/15/21

A Tragic Half Century Without Gold Money

"Fifty years without a gold-based monetary system is not only unprecedented in human history but unfriendly to economic prosperity." ~ Richard M. Salsman

A Tragic Half Century Without Gold Money