Sunday, October 19, 2014

Weekend Wrap Up: John Tamny writes David Gordon took aim at Steve Forbes, but hit Ludwig von Mises; former NJ governor Jim Florio compares the gold standard to zombies and vampires

Politics and Government

From MarketWatch, Joseph Adinolfi discusses why the U.S. economy is vulnerable to global woes.

Monetary Reform

From Forbes.com, John Tamny writes David Gordon took aim at Steve Forbes, but hit Ludwig von Mises.

In NJ.com former NJ governor Jim Florio compares the gold standard to zombies and vampires.

In the New Yorker, John Cassidy details Janet Yellen’s remarks on rising inequality, rising asset prices.

During the Great Recession, income fell more steeply at the top, largely as a result of the decline in the stock market. That caused inequality to “narrow slightly,” she said, but it “resumed widening in the recovery, and by 2013 it had nearly returned to the pre-recession peak.”

That’s an important finding, because some other studies suggest that, by some measures, income inequality has levelled off during the past decade.

Turning to wealth, which includes financial assets, real estate, and durable goods, such as cars, Yellen noted that the pattern was the same—except the increase in inequality had been even more stark.


In the WSJ, David Malpass writes creating economic growth isn’t the Fed’s forte.

Regulatory Reform


In the NY Sun, Larry Kudlow says the GOP may get the chance to dare the President to veto the keystone pipeline.

Thursday, October 16, 2014

Thursday News: Steve Forbes writes the virus of bad money is undermining growth; Ralph Benko praises Peter Thiel’s new book “Zero to One,” echos Theil’s observation of a “power law” that rules the world.

Politics and Government

At Forbes.com, Steve Forbes writes the virus of bad money is undermining growth; Steve Forbes says more malpractice from the Fed will hurt the economy.. 

From Forbes.com, Ralph Benko praises Peter Thiel’s new book “Zero to One,” echos Theil’s observation of a “power law” that rules the world. 

Reuters reports U.S. retail sales, producer prices give cautionary signs on the economy. 

The WSJ covers wild swings in stocks, treasurys, dollars, oil, and gold. 

Monetary Reform

At Coin Telegraph, Diana Ngo says Venezuala’s strict control over their floundering currency has Venezuelans turning to bitcoin. 

At TGSN, Ralph Benko presents part 2 of his interview with Professor Lawrence White. 

Middle Class Squeeze

Middle Class Squeeze is Worldwide.

Friday, October 10, 2014

Friday News: World equities and oil drop on signs of world economic slowdown; Deficit shrinks; Jared Berstein gives more thought to the problems caused by the reserve currency status of the dollar



Markets

World equities and oil drop on signs of world economic slowdown

Fiscal
Federal deficit shrinks to 6-year low.

Monetary

Jared Berstein gives more thought to the problems caused by the reserve currency status of the dollar.  "The enlightened path is not always obvious, and here there is a lot more work to do by all of us in this debate, Pettis, Baker, Ralph Benko, Austin, Martin Wolf, even Bernanke, whose work first got me thinking about all this."

Paul Krugman disagrees as to the significance of the reserve currency status of the dollar.

In the WSJ, Jon Hilsenrath reports Fed minutes show wariness over global growth.

Pew Research reports that, In combination, more people believe that John Roberts, Sonia Sotomayor, or Alan Greenspan is the Fed Chair than know that it's Janet Yellen.  A dominant plurality just don't know. 

From CNBC, Peter Boockvar says the Fed has killed the saver. 

In the WSJ, Paul Vigna believes market faith in central bank omniscience is being tested. 

At Bloomberg, Jeff Kearns and Rebecca Christie report on the Federal Reserve’s interest rate timetable. 

The Middle Class Squeeze

Tuesday, October 7, 2014

Tuesday Update: Brian Domitrovic writes Greenspan lets his hair down, talks up gold; Ben Steil calls the Brics bank "Chicken Feed"; Ralph Benko writes the fortunes of the GOP and America may hang on the outcome of the Ways and Means Chairmanship, praises Congressman Kevin Brady for addressing the growth gap

Politics and Government

Reuters reports the IMF cut the global growth forecast.

On NBC News, Larry Kudlow debates Barney Frank on the state of the economy.

The New Yorker publishes an extensive profile of Lawrence Lessig’s campaign for popular financing of Congressional elections.

Monetary Reform

From Forbes.com, Brian Domitrovic writes Greenspan lets his hair down, talks up gold. 

CFR's Ben Steil calls the Brics bank "Chicken Feed:" "off to a poor start. ... all the start-up funding for the Brics bank will be in greenbacks, creating new demand for dollar assets."

At AEIdeas James Pethokoukis responds to Ralph Benko’s negative assessment of his blog associating the gold standard with the Nazis and with a later blog attacking the gold standard and explains further why he believes that “the gold standard is fool’s gold for Republicans.”

At Forbes.com, Ralph Benko writes the fortunes of the GOP and America may hang on the outcome of the Ways and Means Chairmanship race, praises Congressman Kevin Brady for addressing the growth gap. 

Michael Pettis picks up on Austin, Bernstein and Benko's critique of the reserve currency status of the dollar.

Pravda.ru reprises Ralph Benko’s “rise and Fall of King Dollar, Part 1” from Forbes.com

In the WSJ, Josh Dawsey and Ben Leubsdorf cover Jeff Bell’s campaign against Cory Booker and the Fed.

In the WSJ, Jon Hilsenrath writes the pressure to devalue builds on global currencies. 

From TGSN, Ralph Benko presents part 1 of his interview with Professor Larry White. 

At Marketwatch, Greg Robb says the split between the hawks and doves is getting more evident in Fed minutes.

The Middle Class Squeeze

In the Washington Post, Catherine Rampbell explains why you haven’t gotten a raise.

Congress to investigate rising drug prices.
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Monday, October 6, 2014

Friday Highlights: Alan Greenspan in Foreign Affairs, controverts Keynes's characterization of gold as a "barbarous relic." John Tamny writes the departure of Bill Gross from Pimco unmasks the Fed as a credit destroyer; William Kristol says Bell-Booker is really a five point race

Monetary Reform

Alan Greenspan in Foreign Affairs, controverts Keynes's characterization of gold as a "barbarous relic." 

AEI's blog, AEIdeas, posts, circulates to its subscribers, and then without explanation deletes, within minutes, a blog by Mark J. Perry entitled Stagnant real wages?  It just ain't so...


From Forbes.com, John Tamny writes the departure of Bill Gross from Pimco unmasks the Fed as a credit destroyer.

In the Weekly Standard, William Kristol says Bell-Booker is really a five point race; At the Daily Caller, David Wagner details Jeff Bell’s case for the middle class.

The Daily Beast gives the sane case to audit the Fed.

From Forbes.com, Nathan Lewis writes dozens of countries have already kicked the fiat currency habit.

At TGSN, Ralph Benko presents part 3 of his interview with Steve Lonegan.

Tax

In The Hill, Grover Norquist defends Brownback’s tax cuts

Wednesday, October 1, 2014

Tuesday News: John Tamny weighs in on the new Federal Reserve report showing U.S. household wealth of 80+ trillion; Steve Lonegan says the Fed makes the rich richer and the poor poorer; Ralph Benko presents the rise and fall of king dollar, takes AEI’s James Pethokoukis to task; Brian Domitrovic on why Reagan’s economic track record is vastly stronger than Obama’s

Monetary Reform

At Forbes.com, John Tamny weighs in on the new Federal Reserve report showing U.S. household wealth of 80+ trillion.

In Breitbart, Steve Lonegan says the Fed makes the rich richer and the poor poorer.

From Forbes.com, Ralph Benko details the rise and fall of King Dollar Part 1, and Part 2. Also on Forbes.com, Ralph Benko takes AEI's James Pethokoukis to task for his Hitler innuendo and snarky comments about the gold standard

Brian Domitrovic in Forbes.com on why the Reagan economic track record is vastly stronger than Obama's. 

Campaign for Liberty exposes DC as the true home of the 1 percent.

At Forbes.com, Norbert Michel presents the pseudoscience of inflation part 2.

Globe Asia shows uncertainty weighs on economic growth.

Sunday, September 21, 2014

Weekend Wrap Up: House passes Audit the Fed with a solid bipartisan majority; John Tamny warns that Stanley Fischer’s hubris sets the stage for the next Fed-created crisis.

Monetary Reform

The House of Representatives passes Audit the Fed with a solid bipartisan majority.

From Forbes.com, John Tamny warns that Stanley Fischer’s hubris sets the stage for the next Fed-created crisis.

In The Washington Post, Charles Lane writes the Fed’s policies may have fed income inequality.

A NY Times piece shows (without making the connection) wage stagnation followed the end of the Fed's Great Moderation.

At Town Hall, Larry Kudlow and Stephen Moore look to restore King Dollar.

From National Interest, Robert Merry says the Fed is creating the next great recession.

In The WSJ, Michael Derby and Jon Hilsenrath write the Fed’s rate-hike tool is stirring concerns.


Cosmic

The Death Defying Peter Thiel Rides Again

The Big Squeeze


Rising hotel prices diminish the lure of fall travel.

Rising Zinc prices are hiking the cost of new coins.