Monday, November 22, 2010

Monday update.

In The WSJ, Stephen Moore and Richard Vedder argue higher taxes don’t lead to lower deficits.

Reuters reports supply-side guru Robert Mundell advising Gulf states to maintain their fixes to the dollar.

On The Kudlow Report, Larry and Steve Forbes discuss the role the weak dollar played in the mortgage crisis:

In The NYT, Greg Mankiw praises the Bowles-Simpson plan for eliminating tax expenditures and reducing tax rates.

On Forbes, Rich Karlgaard sees prices rising despite low core inflation statistics.

On The Huffington Post, Amanda Terkel reports on Warren Buffet’s demand-side analysis of not raising tax rates.

"I think that people at the high end, people like myself, should be paying a lot more in taxes. We have it better than we've ever had it," he told ABC's Christiane Amanpour in a clip played on "This Week" on Sunday.

When Amanpour pointed to critics' claims that the very wealthy need tax cuts to spur business and capitalism, Buffett replied, "The rich are always going to say that, you know, 'Just give us more money, and we'll go out and spend more, and then it will all trickle down to the rest of you.' But that has not worked the last 10 years, and I hope the American public is catching on."

In Business Week, Chris Farrell blames Ireland’s trouble on supply-side economics.

At The Economist, Will Wilkinson rebuts The NYT’s Nicholas Kristof on income inequality.

On The WSJ, Financial Crisis Inquiry Commission member Peter Wallison suggests government policy caused the mortgage and financial meltdown, but leaves out the weak dollar:

MarketWatch reports China is considering raising the yuan to stave off inflation.

On Youtube, Don Boudreaux provides an animated conversation US/China trade:

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