Friday items.

Historian and Econoclasts author Brian Domitrovic responds to yesterday's Reihan Salam column.

In The WSJ, Peter Ferrara suggests tax reform followed by lower spending is best to lower deficits.

On The Kudlow Report, David Goldman diagnoses the weak economy.

Also on Kudlow, Kevin Williamson debates taxes and deficits.

On Fox, David Malpass discusses deficits and taxes.

U.S. Rep. Paul Ryan (WI) makes good points in an interview with Ezra Klein, though he leaves out the unstable dollar.

Don Luskin explains why the market recently improved.

At Forbes, Michael Pento argues that deflation isn't the problem.

The WSJ examines what happens if the Bush tax cuts expire.

Reuters reports China has become the world's second largest economy.