Sunday, October 10, 2010

Friday round up.

At The NYT, currency manipulation guru C. Fred Bergsten accuses China of protectionism for maintaining a stable currency. Amazingly, Bergsten’s role in the 1970s Great Inflation continues to go unreported.

While at The Financial Times, currency speculator George Soros expresses frustration at China’s stable exchange rate.

On The Kudlow Report, U.S. Rep. Brad Sherman (D-CA) opposes Adam Smith’s view of trade deficits (and here):

The House GOP leader says the election is all about jobs.

In his syndicated column, Charles Krauthammer suggests rising government debt leads to the weak dollar and slow economy, rather than the other way around.
For the first time since modern budgeting was introduced with the Budget Act of 1974, the House failed to even write a budget. This in a year of extraordinary deficits, rising uncertainty and jittery financial markets. Gold is going through the roof. Confidence in the dollar and the American economy is falling — largely because of massive overhanging debt. Yet no budget emerged from Congress to give guidance, let alone reassurance, about future U.S. revenues and spending.
On Fox News, Newt Gingrich indicts the President’s economic policies, saying the choice is between paychecks or food stamps:

At The Center for Freedom and Prosperity, Dan Mitchell covers the Organization for Economic Cooperation and Development’s opposition to tax competition.

On Forbes, Brian Wesbury and Robert Stein defend capitalism.

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