Tuesday update.

John Tamny likens the monetary conditions of the 1920s with the '90s and the 1970s with the 2000s.

Brian Wesbury and Robert Stein disagree with Art Laffer’s 2011 crash prediction.

Amity Schlaes points out that plentiful natural resources are often a barrier to national prosperity.

At National Review, reporter Stephen Spruiell argues Paul Krugman is wrong about austerity.

The money.butjazz blog cites Robert Mundell in its summary of the yuan valuation debate.