Tuesday items: Kadlec says gold will restore confidence; The LAT reports a possible debt and tax reform deal; Kudlow, Lowry and The WSJ oppose the Balanced Budget Amendment.

From Forbes, Charles Kadlec argues the gold standard is vital to restoring economic confidence.

The LA Times reports the Senate’s Gang of Six proposal to cut spending, eliminate tax expenditures, and reduce tax rates. One major problem: it would raise the capital gains tax from 15% to 20%.

On RCM, John Tamny reviews Peter Ferrara’s America’s Ticking Bankruptcy Bomb.

On The Kudlow Report, Larry Kudlow notes supply-siders’ objections to the Balanced Budget Amendment:




The WSJ editorializes against the Balanced Budget Amendment; NRO editor Rich Lowry also opposes it.

At The Washington Times, Richard Rahn argues regulation is stifling innovation.

IBD features Thomas Sowell’s Senate testimony on taxes.

On Hardball, Chris Matthews loses his cool over Grover Norquist’s refusal to accept tax hikes:




Canada’s Business News Network features an interesting debate with John Mueller and Professor Robert Barsky on the gold standard.

At The Washington Post, Ezra Klein defends Keynesianism.

In The New Yorker, George Packer highlights the problem of cutting social programs during high unemployment:

Representative Paul Ryan’s ten-year budget plan, which remains his party’s blueprint for the future, would impose a fifty-per-cent cut on programs like food stamps and Supplemental Security Income, which, as long as Danny Hartzell remains jobless, represent the Hartzells’ only income. By the last day of June, the Hartzells had twenty-nine dollars to their name.