Friday items.

At Globe Asia, Steve Hanke calculates President Obama’s misery rating (third after Carter and Nixon). One note is that Hanke refers to Fed rate policy as responsible for the last decade’s falling dollar; analysts including John Tamny argue Treasury jawboning was more responsible as the dollar declined in the 2000s when rates were falling and when rates were rising.

On The Kudlow Report, James Glassman debates Fed policy’s impact on markets:



In The WSJ, Stanford’s Ronald McKinnon counters the recent editorial on China’s monetary sterilization and suggests rising wages will improve trade imbalances.

At Bloomberg TV, David Malpass argues a yuan revaluation would hurt China and the U.S.

From the Heritage Foundation, Derek Scissors discounts security concerns stemming from China trade.

On Kudlow, Larry Kudlow analyzes the GOP’s Pledge to America:



At Reason, Veronique de Rugy argues spending cuts won’t hurt the economy.

From the Mercatus Center, Matthew Mitchell and Jakina Debnam suggest government deficits crowd out private sector investment.

At The Weekly Standard, Jonathan V. Last notes the low American birth rate.