Monday update: Shelton advocates the gold standard and Kristol affirms; Lewis on the capital-to-labor ratio; Kudlow: Reid's proposal a victory.

From The Weekly Standard, Judy Shelton makes the case for returning to the gold standard.

At The Standard’s blog, Bill Kristol extends Shelton’s argument:

So when we get through the debt ceiling negotiations, and as Republicans continue to focus on the big changes that need to happen in fiscal and tax policy, some of them might want to turn their attention to the third leg of the economic stool—monetary policy.

On New World Economics, Nathan Lewis explains the importance of raising the capital-to-labor ratio.

At NRO, Larry Kudlow sees the Reid debt proposal as a victory for conservatives.

On The Kudlow Report, James Pethokoukis debates the debt ceiling:




In The WSJ, Stephen Moore chides Democrats for their newfound fondness for President Reagan.

At Forbes, John Tamny gives a positive review to William R. Rhodes’ Banker to the World.

On TGSN, Ralph Benko notes the Swiss Parliament’s interest in relinking its currency to gold.

Kudlow reports Mitt Romney’s front-runner status:




At NRO, Ramesh Ponnuru calls Romney’s rise “a marriage of convenience.”

On Forbes, libertarian Timothy Lee doubts the inflation warnings of many free-market economists, but omits supply-side guru Robert Mundell from his list of prominent inflation doves.

In The Economist, Will Wilkinson notes Lee’s skepticism and remembers Milton Friedman’s deflationary analysis of the Great Depression.

At COAL, Paul Krugman also cites Lee and argues John Hicks’ Keynesianism has predicted correctly the current crisis.

On Forbes, Ralph Benko scolds the President for scare tactics and a proposed tax increase as part of the debt ceiling negotiation.

At Forbes, Rich Danker reports the legislative beginning of a modern gold standard.