Wednesday, February 2, 2011

Wednesday update.

On Forbes, Steve Forbes suggests budget deficits create an opportunity to downsize and reform government.

RCM reprints David Malpass’s statement to the U.S. Senate Budget Committee.

On The Kudlow Report, Larry suggests CPI statistics are unreliable:

At Business Insider, Jack Barnes advocates a new Louvre Accord to end competitive devaluations.

On Fox Business News, U.S. Rep. Ron Paul (TX) argues for less intervention in the economy.

At Conscience of a Liberal, Paul Krugman dismisses concerns about commodity prices, while unwittingly confirming that the Great Depression and the current malaise featured highly unstable dollars:

From last month at Just Facts Radio, Judy Shelton provides a superb overview of the dollar and gold.

At The American, Scott Shane explains that small businesses oppose Obamacare because it doesn’t make health coverage cheaper.

Heritage’s Ed Feulner recalls Reagan’s economic legacy.

The fable of the Left (the hard Left, anyway -- many others are coming around) is that this was all smoke and mirrors. But the facts tell a different story. Starting from the "stagflation" mess his predecessor handed him, Reagan created a genuine economic miracle. After a three-stage tax cut and a reduction in government growth, our economy began to expand -- by 31 percent from 1983 to 1989 in real terms. Americans of every class -- rich, middle-class and poor -- saw their wealth increase.

It was our nation's longest peacetime expansion in a long and prosperous history. By decade's end, we had added the economic equivalent of a new Germany to our gross national product. Inflation was cut by two-thirds, interest rates by half. Unemployment dropped to the lowest level in 15 years.

At The NYT, David Leonhardt makes the case for corporate tax reform.

On Cafe Hayek, Don Boudreaux refutes a manufacturing doomsayer.

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