Monday items.

A WSJ must-read explains how recession and slow-growth contribute to unmanageable deficits.

Nathan Lewis offers his annual case for a gold-backed currency.

At Forbes, John Tamny argues capital will finds its way to promising ventures if government doesn't interfere.

In Asia Times, Spengler, aka David Goldman examines post-crisis Europe.

The Financial Times reports China continues to open its markets.

Don Boudreaux analyzes the Keynesian narrative of why stimulus spending hasn't worked.