Wednesday, February 9, 2011

Wednesday round up.

First, we are travelling this week, so updates will be less frequent than usual. Sorry for the inconvenience.

Second, apologies to Art Laffer for our negative reaction to his line, reported by The NYT, in HBO’s recent "Reagan" documentary. Now that we’ve seen his remark in context we realize The Times’ Alessandra Stanley misunderstood his words. Laffer clearly was mocking the false narrative concerning “trickle-down economics,” not describing it himself.

At NRO, Shannen Coffin critiques
HBO’s “Reagan.” My own two cents: the documentary’s main purpose is to discredit supply-side economics by casting it in overwhelmingly negative terms.

On Forbes, Brian Domitrovic makes the essential point that Reagan, not Paul Volcker, conquered inflation in the early 1980s.

On The Kudlow Report, Larry interviews U.S. Rep. Ron Paul (TX) about the dollar and the Federal Reserve:

On RCM, John Tamny
notes that currency devaluation doesn’t fundamentally alter the terms of trade.

At Forbes, Charles Kadlec links Egypt’s revolt to the dollar’s falling value.

Weak dollar lobbyist Fred Bergsten of the Peterson Institute for International Economics happily reports China is in the midst of a substantial yuan revaluation.

On The Kudlow Report, Stephen Moore discusses the Obama Administration’s proposal to raise unemployment taxes:

Also at Forbes, Jerry Bowyer sees commodity wealth as a curse for most nations.

The NYT reports that in austerity-riven, stagflationary Britain, the central bank chief is the fall guy. (Surprise!)

Cato’s Dan Mitchell responds to the President’s recent statement that he hasn’t raised taxes.

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