Monday, February 20, 2012

Weekend edition: Reynolds, Ferrara and Jenkins on the President's budget and tax proposal; Bell on social issues; Weber on the GOP's message.

Editor's note: Spotty coverage last week and this due to personal travel. Will be back on track later this week.
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From Creators syndicate, Alan Reynolds critiques the President’s budget proposal.

At Forbes, Peter Ferrara suggests the President’s budget will damage the economy.

In The WSJ, Holman Jenkins advises Mitt Romney to take up the President’s challenge on the taxes paid by the wealthy.

The WSJ profiles Jeff Bell who argues social issues are vital to the conservative coalition.

On The Kudlow Report, former US Rep. Vin Weber (MN) discusses the GOP’s messaging problem:



On NRO, Larry Kudlow notes Ways & Means Chairman Dave Camp’s going after Treasury Sec. Tim Geithner on tax policy.

In Reason, Tim Cavanaugh counters Geithner’s tax increase advocacy.

At The American, Aparna Mathur notes the effect of higher taxes on capital flows.

From American Thinker, Ralph Benko advocates a gold commission.

In Forbes, Bill Bonner critiques The NYT’s coverage of a possible return to gold-linked money.

At Monetary Choice, Dave Doctor rebuts Keynesian Dean Baker’s defense of the Federal Reserve.

The NY Sun suggests Sarah Palin would be a better World Bank president than Hillary Clinton.

From Bloomberg, Gregory DL Morris recounts the history of the Federal Reserve’s founding.

From last month’s Texas Public Policy Foundation conclave, Art Laffer debates Keynesian Jared Bernstein:




At The American, James Pethokoukis outlines arguments for the President’s opponents even if the economy is recovering.

In The WSJ, Michael Boskin suggests government is a poor investor.

USA Today links the recession to slow population growth from births and immigration.

Tuesday, February 14, 2012

Tuesday round up: Klein compares Obama and Romney tax plans; Kudlow and Forbes on the President's budget; Melloan on the gold standard.

In The Washington Post, Ezra Klein compares tax rates under Obama vs. Romney. One smart observer writes, “Obama got to the right of Romney for the first 60 percent of income levels. Brilliant. And again shows how Romney's timidity and weakness on taxes is provocative.”



The Daily Beast reports anti-tax advocate Grover Norquist arguing that Mitt Romney is acceptable because he will sign conservative legislation.

In Forbes, Ralph Benko likens US Rep. Ron Paul (TX) to Thomas Jefferson.

From First Trust, Brian Wesbury argues the economic recovery is real.

At NRO, Larry Kudlow highlights the many tax increases in the President’s budget proposal.

On The Kudlow Report, Steve Forbes discusses the President’s tax plan:



In The American Spectator, George Melloan advocates the gold standard.

At United Liberty, Jeremy Kolassa assesses CPAC’s gold standard panel.

In The Economist, a confused columnist suggests gold is too volatile to serve as a monetary standard.

The NYT quizzically reports the rise of interest in gold-linked currency.

From US Rep. Walter Jones (NC), a chart on assets held by the US Federal Reserve:

















At Salon, David Wolman cites Benn Steil making Robert Mundell’s case for a single world currency.

At RCM, John Tamny explains that on housing, the prudent bailout out the imprudent.

The WSJ roots Greece’s problems in its failure to go for economic growth.

On Kudlow, US Rep. Paul Ryan (WI) offers the Republican alternative to the President’s budget:




From Politico, Scott Paul of the Alliance for American Manufacturing calls for tough action to force China to appreciate its currency (as the US did to Japan in the late 1980s, resulting in long-term deflation and stagnation).

In The NYT, Bruce Bartlett analyzes income’s definition in tax policy.

Monday, February 13, 2012

Monday items: Gold enthusiasm at CPAC; Kudlow on King Dollar; Forbes on the Fed.

From Forbes, Stephen Richer notes youth enthusiasm at CPAC for gold.

TNR reports from CPAC on Herman Cain’s policy focus on tax reform and gold-linked money.

At NRO, Larry Kudlow advocates for a golden King Dollar.

On The Kudlow Report, Stephen Moore debates the President’s tax proposal:



In The WSJ, Art Laffer highlights tax cutting in the states.

At The American, James Pethokoukis critiques the President’s budget proposal.

From Forbes, Steve Forbes bashes Ben Bernanke’s intrusions in the market.

On RCM, Dan Mitchell reports US pressure on Switzerland’s tax haven status.

At The WSJ, Paul Gigot discusses Mitt Romney’s CPAC straw poll victory.



From Forbes, John Tamny rebuts demographic doomsayers.

Weekend edition: CPAC gold highlights; Pethokoukis coaches Romney; Lewis on the best gold standard.

At CPAC, Newt Gingrich advocates his Gold Commission proposal (around minute 24).

The Houston Chronicle notes a CPAC panel on the gold standard.

The NYT reports the “severely” conservative Mitt Romney’s CPAC speech, including Obamacare repeal, opposition to abortion rights, shrinking government and defending traditional marriage. Tax and monetary reforms didn’t make the bill.

At The American, James Pethokoukis advises Romney on how to gin up his economic plan.

On The Kudlow Report, Dan Mitchell debates the GOP candidates’ tax plans:



In Forbes, Nathan Lewis examines the best type of gold standard.

The Time Record (AR) reports Steve Forbes advocating a return to gold.

From The Atlas Sound Money Project, Tyler Watts rebuts the claim that gold is without value.

On Forbes, Peter Ferrara argues the true unemployment rate is 11%.

From Cato, Tad DeHaven notes a new study refuting the Keynesian multiplier.

At Reason, Nick Gillespie highlights America’s manufacturing strength.

On Fiscal Times, Bruce Bartlett critiques the President’s tax proposal.

In The Washington Examiner, Veronique de Rugy continues her tax debate with Jonathan Chait.

Business Week charts Paul Krugman’s feuds with fellow economists.

Thursday, February 9, 2012

Thursday round up: NRO on Romney's minimim wage proposal; Rove on Gingrich's southern strategy; Prasad on yuan convertibility.

NRO’s editors critique Mitt Romney’s support for minimum wage increases.

The WSJ analyzes Rick Santorum’s surge and Romney’s policy vulnerability.

At NRO, Thomas Sowell notes continued conservative opposition to Romney.

In The WSJ, Karl Rove argues Newt Gingrich’s southern strategy is insufficient.

On The WSJ, Larry Sabato discusses Romney’s problems with the right, and general election prospects:




At Forbes, Louis Woodhill highlights wasteful alternative energy spending.

On Forbes, Cato’s James Dorn advocates a sound money policy rather than stimulus.

In The WSJ, Eswar Prasad suggests yuan convertibility is key to its future.

From Bloomberg, Amity Shlaes rebuts Clint Eastwood’s Super Bowl ad.

On The Kudlow Report, a panel discusses the CPAC conference:



At Killer Frogs, Kyle Clifton highlights a Jude Wanniski memo to US Rep. Ron Paul (TX).

From Human Events, House Speaker John Boehner (OH) outlines his growth agenda, including energy exploration, roads and bridges projects, no earmarks, and reduced federal mandates.

Wednesday, February 8, 2012

Wednesday round up: AP reports Romney's minimum wage support; Domitrovic on the President's policies; Benko urges the GOP to go for growth.

AP reports Mitt Romney’s support for regular minimum wage increases.

In The WSJ, Robert Reilly suggests Romney’s businessman style is insufficient.

At Forbes, Brian Domitrovic explains the deleterious economic effects of the President’s policies.

On RCM, Louis Woodhill argues the unemployment rate is falling due to increased labor force participation.

From Forbes, Ralph Benko urges Republicans to emphasize better economic growth.

On The Kudlow Report, a panel discusses Santorum’s surge against Romney:



In The WSJ, Stephen Moore counters the President’s fairness rhetoric.

On NRO, Larry Kudlow applauds Ben Bernanke’s opposition to tax increases after 2012.

From Cato, Mark Calabria notes the anti-stimulative effect of low interest rates.

At RCM, John Tamny analyzes low interest rates’ impact on money market funds.

On his blog, Scott Grannis suggests the great deleveraging is over.

From First Trust, Brian Wesbury argues the economic recovery is real.

At TGSN, Ralph Benko highlights the University of Chicago’s opposition to gold-linked money.

From Bloomberg, Ben Bernanke’s defenders line up to bash inflation hawks.

On Kudlow, a panel discusses the Bloomberg piece:



At Market Oracle, Jan Skoyles reports nations making international payments in gold rather than dollars.

In The NYT, Bruce Bartlett notes House-passed legislation to require dynamic scoring of tax legislation.

BWR: Why Rick Santorum?

Courtesy of our friends at Bretton Woods Research.
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Rick Santorum swept Colorado, Missouri and Minnesota yesterday because the Republican electorate is continuing to send Mitt Romney the message that he must improve his growth platform. With Newt Gingrich periodically stumbling against Romney, Santorum's tax plan is the next best thing. As we explained in early January, Santorum wants two personal income tax rates, 10% and 28%, a 17.5% corporate tax rate, a 12% capital gains tax rate and a complete elimination of the corporate tax for manufacturing companies.

According to Intrade, Mitt Romney's chances today of winning the GOP nomination are nearly 82%, almost double what they were in mid-December. But, importantly, as his chances of capturing the nomination have improved, President Obama's chances of being re-elected have improved during the same period from roughly 50% to 60%.

There is a glaring weakness in the Romney candidacy. He doesn't have the right model to create growth.