Sunday, March 29, 2015

Weekend Wrap Up: Paul Krugman attacks APP monetary director Steve Lonegan for inviting Alan Greenspan to keynote the APP Jackson Hole symposium [delete copy]; The UK Spectator’s Matthew Walther reviews “Universal Man by Richard Davenport-Hines;” John Tamny at Forbes takes on the Doomsayers

Politics and Government

The best biography of Keynes ever written? The UK Spectator’s Matthew Walther reviews “Universal Man by Richard Davenport-Hines.”

Readers who think of Keynes as a man of the left will be astonished to learn how sceptical, at times even contemptuous, he was of the spirit of ’45 (‘The Labour party will always be flanked by the Party of Catastrophe — Jacobins, Communists, Bolshevists’) and how fiercely he opposed deficit spending and punitive taxation even at the height of the war.


From Forbes.com, John Tamny challenges the Doomsayers in an erudite stroll through some history of bad monetary and tax policy.

From Forbes.com, Ralph Benko praises David Boaz’s new book The Libertarian Mind as the gold standard in libertarian writing.

In the Washington Post, Matt O’Brien, channeling John Lennon, argues that Ted Cruz’s flat tax couldn’t work in your Imagination. 
 
Monetary Reform

Paul Krugman in his NY Times blog, attacks APP monetary director Steve Lonegan for inviting Alan Greenspan to keynote the APP Jackson Hole symposium, calling Greenspan "the worst ex-Fed chairman in history."

From Forbes.com, John Tamny shows how Uber exposes confusion inside the Fed.

In the WSJ, David Malpass says the Fed rate forecast is cloudy with a chance of slower growth.

In The Economist, Buttonwood says the Fed is weighing jobs over the dollar.

CNBC covers the rate hike debate.

Jared Bernstein on the strong dollar, its impact on growth, and the TPP

From TGSN, Ralph Benko presents part 8 of his interview with Lewis Lehrman. 

Sunday, March 22, 2015

Weekend Wrap Up: Ralph Benko says Boehner, McConnell, and Congress should be addressing the growth gap; Jay Zawatsky describes how LBJ, not Nixon, ended the gold standard.

Monetary Reform

Alan Reynolds (who coined the term "supply side") at IDB asks how the sinking euro leading to "higher costs of energy, metals, fabrics and agricultural raw materials supposed to make European industries more competitive?” Also, Alan Reynolds,  on implications of the dollar strengthening relative to the euro and yen.

From Forbes.com, Ralph Benko says Boehner, McConnell, and Congress should be addressing the growth gap.

At The National Interest, Jay Zawatsky describes how LBJ, not Nixon, ended the gold standard.

From Bloomberg, Steve Matthews and Catarina Saraiva write U.S. economic data has been the world’s most disappointing.

Bloomberg shows how the Fed caused the dollar to drop 2% in hours.

From Bloomberg View, Ramesh Ponnuru weighs in on Selgin vs. Samuelson debate over the Fed.

From FT, Roger Blitz says the dollar surge poses a policy dilemma for the Fed.

At the Fiscal Times, Anthony Mirhaydari believes the soaring dollar could unleash a currency crisis.

At Quartz, a former Fed staffer criticizes ‘Audit the Fed.’

From TGSN, Ralph Benko presents part 7 of his exclusive interview with Lewis Lehrman.

Monday, March 16, 2015

Wednesday Update: George Selgin duels with Bob Samuelson over "Fed Bashing;" Barry Elias explains We Need Tax and Monetary Reform for a Strong Economy; Samuel Gregg reveals Europe’s real time bomb.

Politics and Government

From Forbes.com, Ralph Benko explains what Paul Krugman could learn from how big government created the obesity epidemic.
Jim Glassman at USA Today addresses some of the factors needed to rekindle economic growth. 

Monetary Reform

At NewsMax, Barry Elias: We Need Tax and Monetary Reform for a Strong Economy

Samuel Gregg in The American Spectator reveals Europe's Real Time Bomb

This stature enabled the General to endow France with a constitution that ended almost 90 years of chronic political instability. But it also permitted him and the great French free market economist, Jacques Rueff, to force through a currency reform, balance the budget, cut spending, and liberalize important parts of France’s economy.

George Selgin duels with Bob Samuelson over "Fed Bashing."


At The Pulse 2016, Ralph Benko says the Brookings Institute is looking for a massive Fed power-grab.  Also on The Pulse, Benko recaps Larry Kudlow's observation about Greenspan's remark that gold is the only real currency.

Yahoo News reports China to cut interest rates again in pursuit of growth.


From Forbes.com, Norbert Michel writes the market should decide if Bitcoin’s time has come.

Tuesday, March 3, 2015

Tuesday Update: Ralph Benko gives his firsthand account of the conservative meeting with Fed Chair Yellen; Fed Vice Chair Stanley Fischer says “(Zero percent interest) is far from normal”; Larry Kudlow writes Greenspan is telling people gold is the only true money

Politics and Government

From Forbes.com, John Tamny explains how robots will be the biggest job creators in world history.

ABC News reports. U.S. economic growth in Q4 revised down to 2.2 percent.

Monetary Reform

From Forbes.com, Ralph Benko gives his firsthand account of the conservative meeting with Fed Chair Yellen.

Janet Yellen and Gov. Brainard meet with 21 conservatives and libertarian representatives:

CNN reports Yellen meets with conservatives.

ABC News details Yellen's meeting with conservatives.

Fox Business writes Yellen meets with conservatives to discuss Fed policy.

The WSJ reports Yellen talks with conservative activists.

Salon.com writes Yellen meets with groups unhappy with the Fed.

The Daily Signal discusses how the meeting went.

From the NY Sun, Larry Kudlow writes as Congress eyes the Fed, Greenspan is telling people gold is the only true money.

From TGSN, Ralph Benko gives part four of his interview with Lewis Lehrman.

Monday, February 23, 2015

Monday Update: Ralph Benko explains what's wrong with the arguments of the liberals attacking Rand Paul; John Tamny covers how The Beatles prove that education is irrelevant to success; Stephen Moore says it’s time to kill the death tax.

Politics and Government

At Forbes.com, John Tamny explains how The Beatles prove that education is irrelevant to success.

The Washington Post relays Art Laffer’s message that the Obama economy is dramatically under-performing.

From National Review, Larry Kudlow covers the recent supply-side dinner with Scott Walker.

Monetary Reform

Ralph Benko, deconstructing TNR's Danny Vinik and Paul Krugman, explains what's wrong with the arguments of the liberals attacking Rand Paul, Part One and Part Two, and at the American Principles Project blog explains why Rand Paul has a lot in common with Presidents Jefferson and Jackson.

At Free Banking, George Seigin reveals what Fed officials don’t want you to know (even though they are telling you).

At Mercury News, Martin Crutsinger reports Janet Yellen will face Congress to discuss interest rate questions.

From Forbes.com, Ralph Benko details how bitcoin is pitching Silicon Valley against Washington, D.C.

Tax

In The Washington Times, Stephen Moore says it’s time to kill the death tax.

Regulatory Reform

In The Washington Times, Stephen Moore writes the Affordable Care Act isn’t affordable.

Sunday, February 15, 2015

Weekend Round-Up: Paul Krugman calls for monetary policy to be a major issue in the 2016 campaign -- NY Sun welcomes him to the debate stage; Brian Domitrovic says the economy is yearning for a policy mix

Politics and Government

Noah Smith, at Bloomberg, and David A. Graham, at The Atlantic, attack Jeb Bush's call for 4% growth.

From Forbes.com, Ralph Benko writes Jeb Bush has made a grand entrance.

Monetary Reform

Paul Krugman calls for monetary policy to be a major issue in the 2016 campaign.

The NY Sun welcomes Krugman to the debate stage.

At Forbes.com, Brian Domitrovic says the economy is yearning for a policy mix.

Norbert Michel at Forbes shows why Congress should vote to audit the Fed.

Rand Paul says Audit the Fed.

[T]he dollar that was once as good as gold ultimately became backed by the full faith and credit of the U.S. government. And since the panic of 2008, your dollar is now backed by bad home loans, bad car loans, and derivatives. Is anyone comforted? Over the past one hundred years the dollar has lost 96 percent of its value
.

Democrats come out against Audit the Fed.

At Forbes.com, Nathan Lewis on $15,000 gold and the Madness of Murray Rothbard
William Buiter, chief economist of Citigroup, at Vox EU (2009), on the unfortunate uselessness of most state-of-the-art academic monetary economics.

At the Hill, Dallas Fed chief urges power shift at central bank.

WaPo's Wonkblog reprises Larry Summers' advising Yellen not to raise interest rates yet.

From TGSN, Ralph Benko presents part 2 of his interview with Lewis Lehrman.

Tax

At the Daily Signal, Stephen Moore explains the simple formula for unleashing economic prosperity.

Sunday, February 8, 2015

Monetary Reform

On BBC, Alan Greenspan predicts exits from the euro are inevitable.

At Bloomberg, David Weigel covers Rand Paul’s Audit the Fed rally in Iowa.

Paul linked the Fed’s policies to economic inequality and the decline of the dollar. “Once upon a time they said your dollar is good as gold,” said Paul. “Then for many decades, they said your dollar was backed by the full faith and credit of government. You know what it’s backed by now? Used car loans, bad home loans, distressed assets and derivatives.

The NY Sun believes the Fed is starting to worry about Senator Rand Paul’s bill.

From TGSN, Ralph Benko presents part 1 of his interview with Lewis Lehrman.

From Forbes.com, Ralph Benko discusses Jim Grant’s new book The Forgotten Depression.