In Forbes, Nathan Lewis explains that a gold standard doesn’t require a 100% gold reserves.
Euronews reports on a Kazakhstan conference that featured Judy Shelton and Robert Mundell:
What is needed most is global financial stability. Many worry that the dollar-centred monetary system is sick, leaving some to present radical proposals. Judy Shelton from Atlas Economic Research Foundation, a US think tank is one of these people: “We can’t have a sound monetary policy until we have sound finances. I hope the future is to restore soundness to the dollar and even possibly link it to gold, which even though that is discussed as somewhat of an extreme measure, it’s fairly radical. But you’re getting a strong movement in the United States, and I think around the world. There is plenty of interest in gold as a possible unit of account and maybe the basis of a modern global gold standard.”
After a decade of dollar decline, The Washington Post reports monetary authorities may not be serious about their strong dollar policy.
At NRO, Larry Kudlow doesn’t see a clear growth message from the GOP presidential candidates.
From Forbes, Peter Ferrara notes the performance differences between Reaganomics and Obamanomics.
The NYT reports congressional Republicans backing down on their bid to reform Medicare.
In The Telegraph (UK), Andrew Lilico explains the Federal Reserve’s role in triggering revolts the Arab spring revolutions:
On NRO, Douglas Holtz-Eakin opposes raising taxes on the wealthy.
At The Washington Post, Jennifer Rubin suggests the U.S. can’t tax the wealthy much more.
Cato’s Alan Reynolds explains that fewer people pay more of the taxes.
On The WSJ, Stephen Moore notes wealthy advocates of higher tax rates don’t voluntarily pay more.
In Forbes, Reuven Brenner assesses different methods of taxation.
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