Sunday, July 5, 2015

Supply Side News: Ralph Benko writes Larry Kudlow has revealed the GOP’s secret agenda; Stephen Moore details Senator Paul’s flat tax plan; Norbert Michel in Forbes.com on the upcoming APP Jackson Hole Counter-conference to the annual KC Fed conference, plus the Brady Monetary Commission; Larry Kudlow discusses the King v. Burwell decision with Congressman Kevin Brady.

Politics and Government

From Forbes.com, Ralph Benko writes Larry Kudlow has revealed the GOP’s secret agenda.

Prof. Russ Roberts accuses Prof. Paul Krugman of being human (and fallible).

Monetary Reform


Norbert Michel in Forbes.com on the upcoming APP Jackson Hole Counter-conference to the annual KC Fed conference, plus the Brady Monetary Commission.

Ralph Benko, at ThePulse2016, praises the new USA technothriller Mr. Robot for its passing observation that "Money hasn’t been real since we got off the gold standard. It’s become virtual software. The operating system of our world."

George Gilder, in ThePulse2016, explains why Megan McArdle is confused and that the absence of gold from the currency system is the root of Greece's problem.

In HBL, Retired RBI Governor SS Tarapore explains Why India Should Listen To Steve Forbes

From Forbes.com, Steve Hanke covers the Fed’s taper talk, Hamilton’s deserved place on the $10 bill. 

The NY Sun proposes the Bernanke 10 spot.

A nifty review of the purchasing power of gold over millennia at Acting-man.com.

Tax


At Town Hall, Stephen Moore details Senator Paul’s flat tax plan.

Spending


On WABC, Larry Kudlow discusses the King v. Burwell decision with Congressman Kevin Brady.

Sunday, June 28, 2015

Supply Side News: Steve Moore, at IDB, draws the stark contrast between the supply-side ethos of Republicans and the regressive policy mix of the Progressive; Judy Shelton says free trade needs sound money; Rand Paul gives his plan to blow up the tax code.

Politics and Government

Steve Moore, at IDB, draws the stark contrast between the supply-side ethos of Republicans and the regressive policy mix of the Progressives.

From Town Hall, Larry Kudlow says Jeb Bush is right about 4% growth.

From Forbes.com, Ralph Benko evaluates TPP. Also on Forbes.com, Ralph Benko admits his love for Keynes.

At Forbes.com, Brian Domitrovic says Paulson is a mensch for giving Harvard $400 million.

Niall Ferguson, at Project Syndicate, takes Lord Skidelsky to the woodshed for intellectual dishonesty: "Like Krugman (though his tone has been much less obnoxious), Lord Skidelsky has made the un-Keynesian mistake of sticking to an erroneous view in the face of changing facts. I look forward to the time when both have the intellectual honesty to admit that they were wrong – horribly wrong...."

Skidelsky, also at Project Syndicate, pleads not guilty.

The Economist warns about the risk of a second collapse.

Monetary Policy

From The Weekly Standard, Judy Shelton says free trade needs sound money.

At the Cato Institute, George Selgin lists 10 things every economist should know about the gold standard.

Steve Forbes calls for countries to use currency boards to link to the dollar and advises India to go to the gold standard to "surpass the economy of its former colonial master, Britain, as well as that of China."

At Real Clear Politics, Larry Kudlow says sound money is crucial to economic growth.

Nathan Lewis at Forbes.com gives a glowing review to George Gilder's The 21st Century Case for Gold: A New Information Theory of Money.

The NY Sun praises Jeb Bush’s response on currency manipulation. Also on the NY Sun, Seth Lipsky contrasts Donal Trump with Jeb Bush in the debate over saving the dollar.

Noah Muscente writing in APP's ThePulse2016.com on putting the gold standard into state curricula.

Axel Merk: Fed Causes Both Economic and Political Stability to Deteriorate

At Forbes.com, Frank Holmes discusses the glitter of gold in an age of soaring debt.

From the LA Times, how Mt. McKinley was named after the gold standard president.

At The NY Fed's Liberty Street Economics James Narron and Don Morgan
give us the latest installment of their excellent Crisis Chronicles: Railway Mania, the Hungry Forties, and the Commercial Crisis of 1847.

Tax

In the WSJ, Rand Paul gives his plan to blow up the tax code.

Regulatory

In the wake of a major US Court of Claims ruling against the Federal Reserve for action taken against AIG Seth Lipsky in the WSJ asks Will Congress Now Rein In the Fed?

Sunday, May 31, 2015

Supply Side News: Brian Domitrovic in Forbes.com writes Hillary Clinton wrongfully will run against the 1980s; Ralph Benko in Forbes.com says it wasn't trickle down it was supply side that kindled shared prosperity under Reagan and Clinton.

Politics and Government

From National Review, Larry Kudlow writes the GOP should target 5% growth.
At Forbes.com, Ralph Benko says it wasn't trickle down it was supply side that kindled shared prosperity under Reagan and Clinton.

From National Review, Maggie Gallagher says Rick Santorum should talk to George Gilder.

Monetary Policy

From Forbes.com, Brian Domitrovic writes Hillary Clinton will run against the 1980s.

Richard Rahn, in the Washington Times, on what 4% growth rates would accomplish, "the ticket to the White House."

Reuters: Russian Central Bank official Dmitry Tulin reports to the Russian Duma that the market risks of stockpiling gold more than offsets the political and legal risks of holding other assets.

At TGSN, Ralph Benko presents part 17 of his interview with Lewis Lehrman.

Tax

From Newsmax, Steve Forbes and Stephen Moore say states that raise taxes are falling behind.

World

Nathan Lewis, at Forbes.com, argues that after Greece defaults it will be poised for an amazing recovery, explaining that "“You can’t throw people out of the lifeboat until you reach dry land.”

Tuesday, May 26, 2015

Supply Side News: Charles Calomiris makes the case for a June rate hike; Ralph Benko explains what Kentucky’s bourbon shortage can teach us about the Fed; John Tamny at RCM writes about How Baltimore's Plight Reveals the Comical Absurdity of Market Monetarism

Politics and Government

Bob Patterson, in the Philadelphia Inquirer, praises Huckabee and slams the TPP and recalls the words of Bob Mundell: “It has been a mistake to let U.S. manufacturing run down so low. While other nations have industrial policies to maximize their trade benefits, the United States leaves itself open like a naked woman. A big problem is with nations that may prove to be future enemies.”

Wall Street's Torquemada Ben Lawsky steps down.

Monetary Policy


From Forbes.com, Charles Calomiris makes the case for a June rate hike.

At Forbes.com, Ralph Benko explains what Kentucky’s bourbon shortage can teach us about the Fed; Benko praises Seth Lipsky’s new book “The Floating Kilogram.”

John Tamny at RCM writes about How Baltimore's Plight Reveals the Comical Absurdity of Market Monetarism.

Charles Calomiris at Forbes.com on Nonsensical Accusations of Protectionism through Currency Manipulation

Dueling editorial a the New York Times and New York Sun on "reforming" Bretton Woods.

From Bloomberg, William Pesek says Yellen has taken a back seat to China.

At the Cato Institute, Steve Hanke says Venezuela is plagued by bad money.

At Bloomberg, in Chinese Gold Standard Would Need A Rate 50 Times Bullion's Price, Nicholas Larkin and Eddie Van Der Walt demonstrate an Epic Failure of understanding of the mechanics of the classical gold standard (which never required 100% gold reserves against currency, as decisively demonstrated, by, among many others, Prof. Lawrence White.)

Mike Patton at Forbes.com on Ron Paul On The Public Debt And The Collapse Of The Dollar

The New York Fed's Liberty Street Economics ponders Why Interest Rates Are So Low.

Spending

In the Washington Times, Stephen Moore calls for ending corporate welfare.

Monday, May 25, 2015

Supply Side News: Seth Lipsky takes down Paul Krugman; Judy Shelton says the Fed should analyze its lack of success; Columbia University's Prof. Charles Calomiris says The UK Election Shows Growth Sometimes Wins.

Politics and Government

Columbia University's Prof. Charles Calomiris in Forbes.com says The UK Election Shows Growth Sometimes Wins.

At Forbes.com, John Tamny explains how the Millenials got mugged by reality and are waking up to the evils of Big Government.

From Forbes.com Ralph Benko details what the UK elections mean for Hillary Clinton and the Democrats.

At FT, Sam Fleming believes the ‘spring bounce’ is looking elusive.

Monetary Policy


In The WSJ, Seth Lipsky takes down Paul Krugman for assailing Alan Greenspan.

In The Hill, Judy Shelton says the Fed should analyze its lack of success.

From TGSN, Ralph Benko presents part 15 of his interview with Lewis Lehrman.

From Bloomberg, Lisa Abramowicz says debt traders are calling the Fed’s bluff.

Monday, May 18, 2015

***Special Edition TSS*** Niall Ferguson in the Huffington Post on The Rise and Fall of Krugmania in the UK.

In The Huffington Post, Niall Ferguson covers the downfall Krugmania in the UK.

In August 2011 Krugman returned to the fray with a blog post about the "delusions" of new Chancellor of the Exchequer, George Osborne, whose "experiment in austerity" was "going really, really badly." Three months later, in October 2011, Prime Minister Cameron's "fantasy" - that fiscal retrenchment was strengthening investor confidence in UK gilts - was given the same contemptuous treatment.

Unfortunately for Krugman, the more he talked about the confidence fairy (as he did here and here and here and here and here and here), the more actual business confidence recovered in the UK. In fact, at no point after May 2010 did it sink back to where it had been throughout the last two years of Gordon Brown's catastrophic premiership. The low at the end of 2011 (Q4-11 to Q1-12) was followed by lift-off in mid-2012 and a peak in mid-2014.