Wednesday, January 12, 2011

Wednesday update.

Note: I’ve added several pieces under Classic Articles:
-A Guide to Sound Money (Shelton)
-David Stockman: Man & Myth (Reynolds)
-Hello Supply Side (Reynolds)
-How Reaganomics Made the World Work (Bartley)
-One World, One Money? (Mundell, Friedman)
-The Laffer Curve: Past, Present and Future (Laffer)
-The Onslaught From the Left, Part I: Fact vs. Fiction (Laffer)
-The Real Reagan Record: Upstarts and Downstarts (Reynolds)
-Uses and Abuses of Gresham's Law in the History of Money (Mundell)
-The Lehrman Records (Lehrman)

The WSJ points out that with the (mild) recovery, government revenue is beginning to come back.

The Congressional Budget Office reported last week that federal tax receipts climbed in December by $18 billion, following somewhat smaller gains in the previous two months. For the first quarter of fiscal 2011, revenues have climbed by $44 billion, or nearly 9%, to $531 billion. Especially encouraging is that these revenue gains came predominantly from individual income taxes, which rose 23% in the first three months to $256 billion. Individual tax receipts continued to fall in 2010 even as corporate receipts rose, so the current increase is a sign that wages and bonuses are rising again for workers who have a job.

On Forbes, Brian Domitrovic suggests the EU needs its own Texas.

At The Kudlow Report, David Goldman debates whether China’s currency must rise:

The Heritage Foundation and The Wall Street Journal release their annual index of economic freedom, showing the U.S. slipped one place.

On Cafe Hayek, Don Boudreaux explains that Germany is growing rapidly despite restraining its spending.

At the BBC’s "Show Me The Money," Steve Forbes discusses the world economy:

The Sound Money Project reports U.S. Rep. Paul Ryan (WI) discussed sound money on Hugh Hewitt’s radio show.

The WSJ editorializes in favor of Hong Kong cutting its corporate tax rate.

On Kudlow, Stephen Moore laments the big Illinois tax hike:

At, Thomas E. Woods, Jr. announces his new book which includes a chapter by Domitrovic.


  1. The currency war was brewing a week ago and now it's in full bloom. Note also that gold has slipped from 1058 to 1055. Euros of course. Or if you like, note how the USD has slipped the gold has not slipped proportionally. This indicates to me that the world doesn't care as much about what the USD is doing.


    This comes with rather suspicious timing as the Euro made a huge jump up today against the USD. But Paul is doing his job in helping to make people at least 'think' that the Euro is doomed. It may just work for a little while longer too!