Tuesday, July 22, 2014

Tuesday News: Money, Markets, and Misperceptions says Matt Yglesias should spend more time learning economics and less writing about gold; Steve Horowitz rebuts Yglesias; Vivek Dehejia details illusions bred by a reserve currency

Politics and Government

At National Review, Stephen Moore says the radical greens are moving us toward a future without electricity.

From National Review, Larry Kudlow writes our sluggish economy has weakened us abroad.

In the WSJ, Paul Vigna shows that the economy is still lumbering.

Monetary Reform

Money, Markets, and Misperceptions: Matt Yglesias Should Spend More Time Learning Economics and Less Writing About Gold

From Free Banking, Steve Horowitz rebuts Matthew Yglesias article on the gold standard.

At LiveMint, Vivek Dehejia details the illusions bred by a reserve currency.

From Forbes.com, Ralph Benko says Pulitzer’s advice applies to Krugman: “Put it before them...above all, accurately.”

The Middle Class Squeeze

Due to the rise in cost of ingredients, Hershey is stating that there will be an 8% price increase by the end of the summer.

Reuters reports inflation rises on high energy prices.

Friday, July 18, 2014

Friday News: Forbes Media sold to international syndicate, Steve Forbes to remain Chairman and Editor-in-Chief; Krugman, in the NYT, dismissed Ralph Benko’s critique as “funny and scary.”

Monetary Reform

Forbes Media sold to international syndicate, Steve Forbes to remain Chairman and Editor-in-Chief

In the NYT, Paul Krugman dismisses recent attack as “funny and scary.

From National Review, Amity Shlaes writes things are more expensive than government statistics say they should be.

The NY Sun asks ‘what if Janet Yellen is wrong?’

The NY Sun says the Fed is in danger, under increasing scrutiny from Congress.

At Forbes.com, Nathan Lewis states the devaluations of the 1930’s don’t justify today’s funny-money experiments.

Digital Journal reports bankcoin will be the first crypto currency to be backed by gold.  

From TGSN, Ralph Benko recaps Liberty Street Economics article linking the French Assignat to virtual currencies.

The Middle Class Squeeze

A gallup study shows that rising prices affect how American's are spending their money this summer as their discretionary spending budget shrinks.  

Rising energy prices spike in July, inflation still seen as mild by the CPI.

Wednesday, July 16, 2014

Wednesday Update: Ralph Benko asks if Paul Krugman is leaving Princeton in quiet disgrace; Judy Shelton in The Weekly Standard makes the case for the gold standard

Monetary Reform

At Forbes.com, Ralph Benko asks if Paul Krugman is leaving Princeton in quiet disgrace.

Judy Shelton in The Weekly Standard makes the case for the gold standard.

Matthew Yglesias interviews the author of the first Monetary Policy thriller, The Directive, by Matthew Quirk, giving it a rave review.

From Town Hall, Steve Forbes says the lack of a gold standard has hurt U.S. economic growth.

From Forbes.com, John Tamny imagines the stupendous growth and plentiful credit in a world without the Fed.

In The WSJ, John Taylor discusses how to spark another ‘Great Moderation.’

In The WSJ, Kansas City Fed President Esther George believes the economy would be best served by raising rates; Pace of inflation worries Esther George.

At TGSN, Ralph Benko debunks Paul Krugman’s caricature of the movement towards a gold standard.

Spending

The Onion asks if the government should stop dumping money in a giant hole.

Sunday, July 13, 2014

Weekend Wrap-Up: Nathan Lewis says Paul Volcker Dreams of a "New Bretton Woods." But What Would That Look Like; Steve Forbes says only a new gold standard will save the U.S. dollar; Paul-Martin Foss recaps the FOMC meeting, and the hearing on the Federal Reserve Accountability and Transparency Act.


Politics and Government

In the Dallas Morning News, Art Laffer says 13 years of bad economic policy has diminished the incentive to produce. 

Ralph Benko discusses Jeff Bell’s Senate campaign on The Voice of Liberty. 

From CNBC, Larry Kudlow sounds off on Export-Import Bank. 

Monetary Reform

Nathan Lewis at Forbes.comsays Paul Volcker Dreams of a "New Bretton Woods." But What Would That Look Like?
Steve Forbes says only a new gold standard will save the U.S. dollar. 
From the Menger Center, Paul-Martin Foss recaps the FOMC meeting, and the hearing on the Federal Reserve Accountability and Transparency Act. 
At Forbes.com, Brian Domitrovic writes Republicans should complete Reagan’s agenda by making the dollar convertible to gold. 
The WSJ reports the Fed has set October for end of bond-buying. 
The Middle Class Squeeze

Rising costs of medication deter consumers from certain pharmaceutical drugs.

Rising prices cause several restaurants in NC to contemplate raising their prices.

NPR says Economists Say Inflation Is Tame; Consumers Aren't Buying It

Friday, July 11, 2014

Thursday News: The NY Sun inventories pending monetary reform legislation; David Malpass writes good money will revive the U.S. and Japan Thursday News: The NY Sun inventories pending monetary reform legislation; David Malpass writes good money will revive the U.S. and Japan; Ralph Benko details the Heritage Foundation’s recent endorsement of the Centennial Monetary Commission.



Monetary Reform

The NY Sun inventories pending monetary reform legislation.

At Forbes.com, David Malpass writes good money will revive the U.S. and Japan.

From Bloomberg, Craig Torres and Jeff Kearns report Republicans are seeking a monetary policy rule for the Fed.

The Economist writes after years of monetary experimentation, the world remains unsure how to organize global finance. 

From TGSN, Ralph Benko details the Heritage Foundation’s recent endorsement of the Centennial Monetary Commission. 

The Middle Class Squeeze

Food prices soar, but Federal Reserve fails to recognize inflation problems.

Food prices are not adequately noted in inflation statistics.

Tax 

In Investor’s Business Daily, Alan Reynolds says Japan needs supply-side tax cuts.
 
Regulatory Reform

From Forbes.com, John Tamny writes don’t fear fracking, fear the illusion that revived it. 

Tuesday, July 8, 2014

Tuesday Update: Judy Shelton explains why policymakers should be on the lookout for another major meltdown due to bad monetary policy by central banks; At Heritage, Norbert Michel discusses the Centennial Monetary Commission, provides a second look at the 2008 financial crisis


Politics and Government

At Forbes.com, Steve Forbes writes the time has come to defund the IRS. 

In Investor’s Business Daily, Stephen Moore asks what’s the matter with Paul Krugman?

From Forbes.com, Peter Ferrara writes tax reform would restore booming economic growth, and the American dream. 

In Real Clear Markets, Wayne Brough warns the Internal Revenue Service has unleashed a massive new regulation under the guise of reducing tax evasion.

From Forbes.com, Norbert Michel details Dodd-Frank’s monster counsel, the FSOC.

Monetary Reform

From Forbes.com, Ralph Benko says Republicans and the Tea Party need to refocus their agenda in order to promote equitable prosperity.  

From The Hill, Judy Shelton explains why policymakers should be on the lookout for another major meltdown due to bad monetary policy by central banks.

At Heritage, Norbert Michel discusses the Centennial Monetary Commission, provides a second look at the 2008 financial crisis.

The NY Sun believes a more favorable political climate in November could lead to Krugman’s last hurrah.

We don’t yet know what America will do in November in respect of the Senate. But if voters break up the Democratic log-jam in the upper chamber, we could yet get reforms of the type for which Mr. Volcker hinted he, for one, is ready. The chairman of the Joint Economic Committee, Kevin Brady, has been nursing a formal review of the Fed’s performance on its centennial and is starting to win sponsors in the Senate.

Naked Capital reports France has hissy fit over BNP Paribas fine and dollar dominance.

On BookTV, Kwansi Kwarteng discusses “War and Gold.”

The NY Sun believes Yellen will have her own “15 minutes of fame.”

At Reuters, Michael Flaherty reports House Republicans are proposing Fed reforms.

At TGSN, Ralph Benko discusses the manipulation of paper currency prior to the constitutional convention.




Tuesday, July 1, 2014

British MP Kwasi Kwarteng's new book War and Gold, draws the attention of James Grant in the Wall street Journal and Ralph Benko in Forbes.com; John Tamny criticizes Tyler Cowen’s scary narrative about war and economic growth; Peter Ferrara explains why the economic growth gap is the most important issue for the middle class

Politics and Government

From Forbes.com, John Tamny criticizes Tyler Cowen’s scary narrative about war and economic growth. 

At Fox News, Stephen Moore asks Obama where our 5 million missing jobs.

In The Daily Signal, Stephen Moore says environmentalists see U.S. workers as collateral damage.

From National Review, Larry Kudlow says the GOP should say no to the export-import bank.

John Tamny, Peter Ferrara and Brian Domtrovic in Forbes.com all criticize the "reform conservative" "Room to Grow" lack of seriousnes about economic growth:




Monetary Reform

In the South China Morning Post, Steve Hanke details how JB Say’s demand theory has finally gotten its due.

At Forbes.com, Ralph Benko sees signs of the gold standard emerging from Great Britain from Member of Parliament  Kwasi Kwarteng.

In The WSJ, John Taylor writes the Fed needs to return to monetary rules.

From TGSN, Ralph Benko recaps Adam Smith’s indictment of colonial paper money.