Wednesday items.

At CNBC, Larry Kudlow writes that dollar decline doesn’t help the economy.

On Gordon Liddy’s radio program, John Tamny discusses gold and the falling dollar.

From China’s CCTV, Robert Mundell opposes raising the yuan.

The NY Times’ David Leonhardt explains several reasons why a higher yuan won’t help the US, but supports doing it anyway. He omits that a significant yuan rise will push down Chinese prices, cancelling out the impact on global trade.

In The LA Times, Peter Navarro – who, oddly, calls himself a supply-sider – urges Congress to punish China for its yuan/dollar peg.

On Kudlow, David Goldman debates Fed policy:



At Asia Times, Goldman comments further.

On Forbes, U.S. Rep. Cathy McMorris Rodgers (WA) suggests easy Fed policy enables government debt.

At CNBC, David Malpass analyzes his Senate campaign and the state of the economy:



Bloomberg’s Amity Schlaes estimates total top tax rates will rise above 50 percent if the President’s tax proposal takes effect.

At NRO, Kevin Williamson distinguishes between Keynesian tax rebates and long-term supply side tax cuts.

Also on Kudlow, Allen Sinai discusses his study on cutting capital gains taxes:



On The Frum Forum, Scott Winship argues income inequality arguments are overstated.