Thursday round up: Hanke on private sector money; Forbes on tax rates; Woodhill on Greece's election.

From Globe Asia, Steve Hanke makes the important point that despite generally loose government monetary policy, private sector monetary creation is tight (and accounts for 85% of total money supply), perhaps explaining how commodity inflation can coexist with deflationary headwinds.

At The Financial Post, Terry Corcoran cites Hanke’s analysis to critique the series of non-productive international summits.

NPR's Marketplace quotes Hanke in assessing Ben Bernanke’s policies.

On Fox News, Steve Forbes calls the idea of raising taxes in the current climate preposterous:

At Forbes, Louis Woodhill cites Jude Wanniski’s political model explain the Greek election’s outcome.

From earlier this month in The WSJ, James Grant reviews two books defending capitalism but notes their lack of focus on the need for monetary reform.

The WSJ pans Bernanke’s extension of Operation Twist.

From First Trust, Brian Wesbury highlights the Fed’s non-committal policy.

In The WSJ, Dan Henninger contrasts the presidential candidates economic messages.

On AEI, James Pethokoukis reports Michael Darda’s view on NGDP targeting.

In The WSJ, Matthew Slaughter argues the Employ American Workers Act has weakened the economy.

At PJ Media, David Goldman analyzes Saudi Arabia’s role in propping up Egypt’s military against the Muslim Brotherhood.