Thursday, December 11, 2014

**Special Edition TSS*** American Principles in Action and 20 Public Policy Groups Call on Fed to Meet with Conservatives

Yesterday, as reported by Bloomberg http://www.bloomberg.com/news/2014-12-09/conservatives-ask-fed-for-access-to-yellen-s-promise-factory-.html , MarketWatch http://www.marketwatch.com/story/conservative-activists-make-pitch-for-fed-audience-2014-12-09, FoxBusiness http://video.foxbusiness.com/v/3932765635001/did-yellen-secretly-meet-with-democrats/#sp=show-clips, and the Daily Caller http://dailycaller.com/2014/12/09/conservatives-demand-equal-treatment-from-the-fed/, American Principles in Action, leading a coalition of 20 public policy groups, including ATR's Grover Norquist, hand-delivered a letter to Fed Chair Janet Yellen to the headquarters of the Federal Reserve, stating, in part:

We share your deep concern over the persistent lack of economic mobility and job creation...

The left by no means has a monopoly on concern for unemployment and wage stagnation.  To balance a meeting with a group composed of, as described by Bloomberg News, “labor and community organizers” with one of the leading representatives of the center right experts would honor that principle of “a diversity of views."

(Full text here http://fixthedollar.com/2014/12/09/apia-coalition-letter-to-janet-yellen-endorsing-meeting-request/.)

Sunday, December 7, 2014

Weekend Wrap Up: Nathan Lewis says the intellectual foundation for monetary reform is falling into place; George Selgin quotes David Hume’s observations on money

Politics and Government

At Forbes.com, John Tamny writes sorry gloomy pundits, the millenial generation will be the richest of them all.

Fox News reports that, by the IMF’s calculation, China has surpassed the U.S. to become the world’s largest economy.

At the Menger Center, Paul-Martin Foss says stability will always remain elusive in a free market.

Monetary Reform


At Forbes.com, Nathan Lewis says the intellectual foundation for monetary reform is falling into place.

George Selgin at Cato, quotes David Hume’s observations on money.

Monetary: The NY Fed's Liberty Street Economics describes Americas First Economic Crisis.

In the WSJ, Jon Hilsenrath writes the Fed’s simulations are calling for a rate hike soon.

Tax

From Businessweek, Haley Geffen interviews Dick Cheney, Donald Rumsfeld, and Art Laffer on the napkin doodle that launched a supply-side revolution.

World

At Reuters, ECB’s Weidnmann says monetary policy is too expansive for Germany, extremely low interest rates allow countries to avoid structural reforms.

Wednesday, December 3, 2014

Wednesday News: Steve Forbes sheds light on why American’s feel the political and economic systems are rigged against them; Robert Samuelson softens his opposition to gold; North Korea, joining Paul Krugman and Nouriel Roubini, roundly condemns the gold standard

Monetary Reform

From Forbes.com, Steve Forbes sheds light on why American’s feel the political and economic systems are rigged against them. Also on Forbes.com, Steve Forbes explains why the Swiss gold referendum deserved to fail.

In the Washington Post, Robert Samuelson softens his opposition to gold.

North Korea, joining Paul Krugman and Nouriel Roubini, roundly condemns the gold standard

At Bloomberg, Craig Torres reports a Fed leak tipped traders to historic stimulus move, prompted secret inquiry.

At Forbes.com, Ralph Benko writes the truth behind the Swiss gold initiative escapes the mainstream media.

In The WSJ, Jon Hilsenrath says the Fed’s vice chairman Stanley Fischer is eyeing a return to normal.

At Tech Crunch, Jonathan Shieber details how digital currencies are moving towards gold.

Sunday, November 30, 2014

Weekend Wrap Up: Steve Forbes at Forbes ties the price of oil to the value of the dollar; Steve Parkhurst gives a glowing review to Brian Domitrovic's latest book in which he served as editor, The Pillars of Reaganomics; Jerry Bowyer interviews Peter Thiel at RCM

Politics and Government

Jerry Bowyer interviews Peter Thiel at RCM

At Forbes.com, Ralph Benko says Lawrence Lessig has shown us that today’s political struggle has nothing to do with Democrats Vs. Republicans.

Monetary Reform

Steve Forbes at Forbes ties the price of oil to the value of the dollar.

Suppy Side Rising Star Steve Parkhurst gives a glowing review to Brian Domitrovic's latest book in which he served as editor, The Pillars of Reaganomics.

At Forbes.com, Brian Domitrovic praises Greenspan's praise for gold.

As Lewis E. Lehrman and John D. Mueller wrote in the Wall Street Journal the other day, “the world’s monetary authorities still hold nearly 900 million ounces of gold, which is enough to restore, at the appropriate parity, the classical gold standard.”

In the Washington Times, Stephen Moore reveals the price tag of Obamanomics.

How much has it all cost — the bailouts, the debt, the stimulus plans, the printing of cheap money, Obamacare and all the rest?

The answer to that question is just north of $10 trillion. That’s the sum of the $8.3 trillion added to the national debt since Sept. 15, 2008 (the day Lehman Brothers filed bankruptcy) for all the government spending, and the $3.5 trillion of easy money flushed into the economy by the Federal Reserve through the initial monetary expansion and three rounds of quantitative easing.


Mark Skousen at Townhall, on good money and referencing the Paul Krugman/Steve Moore debate at Freedomfest next year.

George Selgin at Freebanking.org discusses Dizzy Miss Izzy’s Dizzynomics plan.

Regulatory Reform


At Forbes.com, Norbert Michel reports on his recent Senate testimony.

Peter Wallison at AEI calls for breaking up the Fed in the WSJ.

At Forbes.com, George Leef warns copyright laws are creating an information oligarchy, not an information democracy.

Sunday, November 23, 2014

Weekend Wrap Up: Lewis Lehrman and John Mueller explain how the ‘Reserve’ dollar harms America

Politics and Government

At Forbes.com, John Tamny writes Walter Isaacson’s ‘The Innovators’ reveals the job-creating genius behind job destruction.

Monetary Reform

In the WSJ, Lewis Lehrman and John Mueller explain how the ‘Reserve’ dollar harms America.

Ending the dollar’s reserve-currency role will limit deficit financing, increase net national savings and release resources to U.S. companies and their employees in order to remain competitive with the rest of the world.


The NY Sun applauds American Principle’s In Action’s criticism of the “fair and balanced Fed.”

At Cato, Steve Hanke says in our era of currency wars, Russia should lift a page from Keynes’ playbook and establish a currency board.

Washington Post's Wonkblog cluelessly equates the gold standard with rabbit's feet and horoscopes.

CNBC reports Philly Fed predicting robust Q4 growth rates.

AP reports no surprises from Fed in latest minutes.

Middle Class Squeeze

CPI increases at largest pace in 5 months.

In the WSJ, Ed Silverman asks if the rising prices for generic drugs ever end.

World

At Affluent Investor, YC Chen reports the Hong Kong Monetary authority will abolish the 20,000 RMB daily exchange limit.

Wednesday, November 19, 2014

Wednesday News: Nathan Lewis writes a rules-based monetary system means a fixed value system that has never been tried; John Tamny praises Peter Thiel’s new book ‘Zero to One’; Thomas Donegan explains the significance of instruments of measure in preserving value and discovering God

Politics and Government

At Forbes.com, John Tamny praises Peter Thiel’s new book ‘Zero to One’, also on Forbes, John Tamny covers the closing of central banking’s economic mind. 

From Forbes.com, Ralph Benko details what Saul Alinksy could teach President Obama about ignoring Congress.

Monetary Reform


From Forbes.com, Nathan Lewis writes a rules-based monetary system means a fixed value system that has never been tried; Also on Forbes.com, Nathan Lewis introduces us to the hard money extremists.

At Best Thinking, Thomas Donegan explains the significance of instruments of measure in preserving value and discovering God.

From Forbes.com, Steve Forbes prescribes a cure to Japan’s economic woes.

At TGSN, Ralph Benko presents part 3 of his interview with John Mueller.

At CoinWeek, Richard Mills believes China’s long term geo-political strategy is golden.

Matt Phillips at Quartz provides an elegant history of the dollar.

At Swiss Info, Clare O’Dea writes financial eyes are watching Switzerland as the gold vote approaches. 


And now for something completely different

At Gazette Net, Samantha Schmieder covers a Samaritan's yearly visit from the Holy Land to North Potomac.

Friday, November 14, 2014

Wednesday Update: Patrick Gillespie says both Republicans and Democrats are blasting the Fed; Jim Grant discusses his new book “The Forgotten Depression,” warns of the potential impacts of our radical monetary policy

Politics and Government

From Forbes.com, Ralph Benko says on November 4th voters punished political fanatics.

Monetary Reform

At CNN Money, Patrick Gillespie says both Republicans and Democrats are blasting the Fed.

"We continue to hear reports that the economy is recovering, but millions of workers and their families are still struggling, whether from involuntarily part-time hours, poverty wages, or a lack of earned sick time"

On The Blaze, Jim Grant discusses his new book “The Forgotten Depression,” warns of the potential impacts of our radical monetary policy.

The gold standard makes Huffington Post!

“America will return to sound economics: balanced budgets, the gold standard, dissolution of the Fed, indentured servants and debtors' prison.”

In the WSJ, Michael Derby reports Fed President Charles Plosser believes the Fed needs to raise rates soon or they will risk falling behind the curve.

At TGSN, Ralph Benko presents part 2 of his interview with John Mueller.

Regulatory Reform

In Forbes.com, Norbert Michel calls for repealing Dodd-Frank, says financial regulations steadily increased leading up to ’08.