Tuesday summary: Domitrovic on 1930s deficit panic; Benko and Kudlow disagree on Ryan's proposal.

From Forbes, Brian Domitrovic explains that deficit panic caused a 1930s recession to become the Great Depression.

Also at Forbes, Ralph Benko chastises U.S. Rep. Paul Ryan (WI) for focusing on entitlement spending cuts while the economy is still weak.

On YouTube, Rep. Ryan rolls out his budget proposal:


In The WSJ, Ryan explains his proposal.

On NRO, Larry Kudlow applauds Ryan’s “growth budget.”

At Forbes, Charles Kadlec credits extension of the Bush tax cuts with the improved employment picture.

On The Kudlow Report, a panel discusses President Obama’s continuation of President Bush’s policies:



In The Washington Times, Richard Rahn worries about what happens to the debt when QE2 ends.

From Alhambra Investments, Joe Calhoun sees inflation and wonders what happens after QE2.

At Asia Times, David Goldman suggests that bank stocks and commodities will suffer if the Fed tightens.

The WSJ sides with Sen. Tom Coburn (OK) against ATR’s Grover Norquist on the need to eliminate ethanol and tax subsidies.

On RCM, John Tamny defends Berkshire Hathaway’s David Sokol’s ethics.