Friday items.

On The Kudlow Report, David Goldman analyzes Ben Bernanke's testimony.

The WSJ editorial page comments on the three Democrats favoring low tax rates.

Bruce Bartlett recommends the Federal Reserve stop paying interest on reserves.

Paul Godek argues unemployment is worse than the statistics indicate.

ECB President Jean-Claude Trichet advocates fiscal tightening.

Jim Lubak sees a real estate bubble in China. Related, perhaps, to it importing American monetary policy?

The Heritage Foundation doubts China’s economic data.

Paul Krugman believes Republicans are reverting to George W. Bush's policies.

Mort Kondrake thinks the President should cut taxes.

The National Center for Policy Analysis suggests higher taxes and slower growth – not inflation or a debt crisis – is the most likely result of the high fiscal deficit.