Sunday, January 25, 2015

Weekend Wrap Up: Ralph Benko praises Matt O’Brien’s recent Washington Post article on the Fed’s overwhelming political influence; Steve Forbes writes arguments for higher gas taxes run on empty; John Tamny writes floating money ambushed global economy

Monetary Reform

At Forbes.com, Ralph Benko praises Matt O’Brien’s recent Washington Post article on the Fed’s overwhelming political influence.

From Forbes.com, John Tamny writes Switzerland didn’t ambush the global economy, floating money values did.

At CobdenCentre.com, Max Rangeley teaches us about Cydenius.

Steve Hanke writes, at Cato, on how letting the rupiah "float" (the standard euphemism for "sink") Indonesia's President Suharto was deposed.

In the WSJ, David Malpass criticizes the ECB for embracing helicopter money.

The NY Sun criticizes the ECB’s “outright monetary transactions.”

From Nasdaq, all eyes are on the Fed after ECB fires monetary bazooka.

Tax

At Forbes.com, Steve Forbes writes arguments for higher gas taxes run on empty.

Sunday, January 18, 2015

Weekend Update: John Tamny writes Mitt Romney simply doesn’t get it, and shouldn’t run for President; Switzerland stuns currency markets by giving up euro peg

Politics and Government

At Forbes.com, John Tamny writes Mitt Romney simply doesn’t get it, and shouldn’t run for President.

Romney’s China commentary was a strong signal that he preferred a weaker dollar.  The latter had eviscerated the paychecks of Americans during the Bush and Obama presidencies, had made staples like gasoline much more expensive, and for crushing investment returns, had made job opportunities far less plentiful
.

From ATR, Ryan Ellis covers President Obama’s proposed $320 billion tax increase.

Monetary Reform

From AP, Switzerland stuns currency markets by giving up euro peg.

At the Carl Menger Center, Paul-Martin Foss weighs in on Switzerland ditching the peg.

In the WSJ, Justin Lahart reports the midyear rate hike looks increasingly unlikely.

At 247 Wall Street, Jon Ogg writes market signals predict the Fed’s interest rate hike has been pushed further out.

On CNBC, Scott Shellady believes the Fed will launch more stimulus in 2015.

What I see is an economy with record low 30-year interest rates. We can't kick-start our housing market. We spent over $3 trillion of the balance sheet to buy 2.5 percent growth.”

The NY Sun details the profits of the Fed.

At Cato, Steve Hanke argues the ruble should be tethered to the dollar.

Tax

On Fox News, Stephen Moore says ‘Fire the IRS!’

Monday, January 12, 2015

Weekend Highlights: Heritage Foundation's Dr. Norbert Michel places the establishment of a monetary commission as the lead item of his calls for Congressional action; AuntieSamWantsYou.com launches to deplore liberty; Amity Schlaes in Forbes.com on Jim Grant... and Jacques Rueff

Politics and Government

AuntieSamWantsYou.com launches to deplore liberty.

Monetary Reform

In his Forbes.com column, Heritage Foundation's Dr. Norbert Michel places the establishment of a monetary commission as the lead item of his calls for Congressional action.

Amity Schlaes in Forbes.com on Jim Grant... and Jacques Rueff

Grant introduces us to Rueff’s Law, the theory of French economist Jacques Rueff ..... “The astonishing thing is not that this relationship exists,” wrote Rueff, “but that it should astonish anyone.”

MinnPost features outgoing Minneapolis Fed President Kocherlakota's take on the hostest controversy in monetary policy, rules vs. discretion.

At Forbes.com, Ralph Benko asks Will Paul Ryan, Ted Cruz, Rand Paul, or Ben Carson Initiate A $100 Billion Tax Cut?

Former RBI deputy governor S.S. Tarpoare in the Hindu Business Line
You just can’t beat gold!

CNBC reports the Fed wasn’t impressed with the jobs numbers.

In the Telegraph, How the Bank of England abandoned the gold standard.

On Biz Journal.com, Steve Forbes says the Fed is a bigger threat than oil prices.

In Freebanking.org, Selgin's latest tour de force, something nice about Austrians.

Monday, January 5, 2015

Weekend Wrap Up: The Atlantic's Sebastian Mallaby on "How The Fed Flubbed it," a review of Barry Eichengreen's latest book, Hall of Mirrors; John Tamny writes in order to promote their cheap oil narrative, conservatives have dismissed Reagan

Politics and Government

At Forbes.com, Ralph Benko gives the one X-factor that could upend the next Presidential election- Peace.

George Leef, in Forbes.com, provides an excellent tribute to supply side's political handmaiden.

Monetary

The Atlantic's Sebastian Mallaby on "How The Fed Flubbed it," a review of Barry Eichengreen's latest book, Hall of Mirrors.

From Forbes.com, John Tamny writes in order to promote their cheap oil narrative, conservatives have dismissed Reagan.

On Fox News, Art Laffer attacks QE, believes economy is recovering because stimulus dollars are drying up. Also on Newsmax, Art Laffer says QE hasn’t worked anywhere.

Michael Spence lists our ultra-loose monetary policy as one of the five reasons for slow growth.

From Town Hall, Mike Shedlock wonders if we will see 1000% inflation in Venezuela. 

Sunday, December 28, 2014

Weekend Highlights: Paraphrasing Robert Frost, gold standard nemesis Paul Krugman befuddles with a declaration, "Nothing Non-Gold Can Stay"

Politics and Government

In the Washington Post, Stephen Moore discusses the legacy of the Laffer Curve 40 years later. 

In the NYT, Justin Wolfers details the big unknowns in the U.S. economy.

Many commentators assume that a healthy economy grows at an annual rate of at least 3 percent. Yet economic growth in the United States has averaged only 1.9 percent since 2000.

Monetary

Paraphrasing Robert Frost, gold standard nemesis Paul Krugman befuddles with a declaration, "Nothing Non-Gold Can Stay"

IMF sounds the alarm after Russian bank bailout -- On CNBC, former IMF board member Douglas Rediker says Russia is not the tip of contagion crisis. Writes the falling ruble is linked not only to sanctions but to the oil price. 

At Cato, Stephen Hanke writes bankers are the targets of a witch hunt. 

Vladimir Signorelli in the Boston Globe, warns the falling ruble threatens Putin's "home town hero" status.

Reuters covers the Fed’s bond-buying purchases using the principal payments form debt. 

In the WSJ, Toko Sekiguchi reports Prime Minister Abe has approved another multi-billion dollar stimulus package. 

At TGSN, Ralph Benko presents part 3 of his interview with Professor Brian Domitrovic.

Tuesday, December 23, 2014

Tuesday Update: Ambrose Evans-Pritchard describes the "End of Putin's Dream”; The New York Times Pushing For Doubling Inflation! Megan Cohen tells us of when Santa Claus was on the US Currency in the Liberty Street blog of the Federal Reserve Bank of New York. Merry Christmas to all!

Monetary Reform

In the Telegraph, Ambrose Evans-Pritchard describes the "End of Putin's Dream.” Also in The Telegraph, Ambrose Evans-Pritchard in the Telegram, on how the Yuan Also Rises

The New York Times Pushing For Doubling Inflation!

Megan Cohen tells us of when Santa Claus was on the US Currency in the Liberty Street blog of the Federal Reserve Bank of New York. Merry Christmas to all!

Nathan Lewis in Forbes.com chides the Russian Central Bank for its severe mismanagement of the ruble.

From Forbes.com Ralph Benko discusses  Kim Jon Un, Paul Krugman, and Smaug’s comments on gold.

On CNBC, Matt Clinch asks if Russia could back its currency with gold.

Reuters reports Swiss Central Bank announces negative interest rates to stem flight to franc.

At Forbes.com, James Dorn makes the case for a monetary rule, says its time to end the Fed’s discretion.

"Fed monetary policy 'is as effective in bringing prosperity as rain dancing is in bringing rain,'” Bloomberg, quoting Ed Prescott, in an article on the departure of the president of the Federal Reserve Bank of Minnesota.

Regulatory Reform

Michel Norbert at Forbes.com says that Elizabeth Warren and Nancy Pelosi are talking absolute nonsense regarding eliminating the swaps push out rule in Dodd-Frank.

Energy

Bloomberg reports, fall in oil prices strands $1T in investments

Friday, December 19, 2014

Weekend Wrap Up: Smaug (voiced by Benedict Cumberbatch) calls for the gold standard; The NY Times Sunday Review has some surprisingly shrewd praise for the gold standard

Politics and Government

On FT, Martin Wolf encourages politicians to bear in mind ‘Homo Economicus,’ make policy for real, not ideal, humans.

At National Review, Stephen Moore writes the U.S. has hit $18 trillion in debt-- and we are still borrowing.

From Forbes.com, Ralph Benko explains why the impeachment of Obama would do serious damage to Republicans.

Monetary Reform

Smaug (voiced by Benedict Cumberbatch) calls for the gold standard!

Stephen Colbert: Now Smaug, I think that we both have a lot in common. We both live in gated communities, and we're both fiscal conservatives who sleep on giant piles of money.

Smaug (voiced by Benedict Cumberbatch): Quite right! Time to return to the gold standard. Rand Paul 2016 Yea! Get some Rand!

The NY Times Sunday Review with some surprisingly shrewd praise for the gold standard.

At Forbes.com, Steve Forbes covers how Russia is wrecking the ruble.

In the Augusta Chronicle, William Beranek writes a true gold standard would re-establish fiscal responsibility.

At Forbes.com, John Tamny writes Japan’s economy suffers from misguided politicians, not export competition and low birthrates.

In Forbes.com, Nathan Lewis asks "What if Spain Devalued."

From Forbes.com, Norbert Michel praises Jim Grant’s new book The Forgotten Depression of 1921: The Crash that Cured Itself

Larry Kudlow at RCM weighs in on the strengthening dollar

Ralph Benko at Forbes.com writes about the 20 conservative leaders endorsing APIA’s Steve Lonegan’s request for a meeting with Fed Chair Janet Yellen.

George Selgin at FreeBanking.org on NGDP Targeting and the BitDollar

Tax

In Investor’s Business Daily, Art Laffer explains the Laffer Curve’s insight into tax rates.