Friday, August 20, 2010

Friday round up.

On The Kudlow Report, Stephen Moore discusses the economy:

At Canada's National Post, Tim Mak explains Art Laffer's support for a carbon tax.

In The WSJ, Robert C. Pozen suggests yuan appreciation will not raise U.S. exports.

From last December, Reuven Brenner and David Goldman argue that the best way to increase China's consumption is through a formal yuan/dollar link.

The United States should establish a fixed parity for the dollar with the currencies of its largest trading partners, starting with China. By stabilizing the dollar against the yuan and, eventually, other currencies, the United States can create a shield behind which the capital markets of developing countries can flourish and capital can continue to flow to the United States. Developed nations can protect themselves against sudden shifts in the flow of capital, but poor nations with nascent capital markets cannot. Currency stability is the first precondition for the creation of capital markets in the developing world.

The WSJ editorializes in support of Beijing's latest step towards yuan convertability.

David Goldman sees disinflation impacting stocks and bonds.

At Reuters, James Pethokoukis exposes the deficit's true size.

NRO rebuts claims that the Reagan and Obama economies are similar.

From 1998, Jude Wanniski recounts the Paul Volcker deflation of 1981-82.

The Heritage Foundation's 2010 policy guide omits sound money.

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