Thursday, October 14, 2010

Thursday update.

On Bloomberg TV, Keynesian C. Fred Bergsten of the Peterson Institute for International Economics, calls China a currency manipulator for keeping the yuan stable, and advocates the U.S. buy Chinese currency.

At CafĂ© Hayek, Don Boudreaux explains that Chinese trade doesn’t diminish good jobs in the U.S.

On The Kudlow Report, Larry discusses rising oil and other commodities:

The WSJ’s David Wessell reports on a new paper suggesting low Fed interest rates caused the housing bubble.

On Asia Times, David Goldman suggests we have symptoms of deflation and inflation because:

When the Fed prints money, investors flee to other currencies, and foreign central banks intervene and buy dollars which they invest in Treasuries. It has precisely the same effect as the Fed’s own buying of bonds — yields fall. This increases the risk of future inflation so the market buys hedges against it (and you should, too).

The WSJ editorial board warns Democrats and Republicans against scapegoating China.

On CNBC, Paul Krugman calls China “the bad guy” in the currency war, and advocates for trillions in additional quantitative easing:

Reuters reports increased unemployment and inflation.

At Conscience of a Liberal, Krugman makes a convincing argument that the scariest part of debt-to-GDP analysis is the weak GDP:

At Forbes, Rich Karlgaard applauds Greg Mankiw’s recent tax analysis.

On The Kudlow Report, Stephen Moore analyzes the President’s NYT contrition:

Seeker Blog discusses Douglas Irwin’s recent paper, “Did France Cause the Great Depression?”

From 1997, Jude Wanniski argues the Great Depression was solely a fiscal crisis.

From June, John Tamny suggests there was a deflationary component in the 1920s.

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