Wednesday summary: Woodhill discounts the Dow against gold; Rahn on spending; Cruz advocates sound money.

From Forbes, Louis Woodhill measures the Dow’s value against gold.

In The Washington Times, Richard Rahn suggests government spending cuts would spur growth.

The NY Sun recounts the five policy errors that wreck a recovery.

On The Kudlow Report, Jimmy Pethokoukis and Steve Forbes preview the GOP debate:



At TGSN, Lew Lehrman argues the gold standard bolstered investor confidence.

On NRO, Texas Senate candidate Ted Cruz includes sound money in his jobs plan.

The Daily Caller reports Steve Forbes endorses Sen. Orrin Hatch (UT) for re-election.

On Kudlow, former US Rep. Dick Armey (TX) debates the President’s upcoming jobs speech:

 

From Reason TV, George Gilder discusses supply-side economics, Israel, the traditional family and technology.

Weekend update: Lewis on the gold standard; Moore on red/blue state taxes; Coburn on budget talks.

From Forbes, Nathan Lewis explains why, if the gold standard is so effective, the world left it.

At The WSJ, Stephen Moore notes that taxes are rising in blue states and falling in red states.

The NY Sun advocates that Robert Zoellick be considered to lead the IMF.

On The Kudlow Report, Sen. Tom Coburn (OK) discusses his withdrawal from Gang of Six budget talks due to insufficient Medicare cuts:




At Forbes, Reuven Brenner likens the U.S. economy today to 1970s Canada.

In The WSJ, Seth Lipsky opposes selling the U.S. gold supply.

James Grant, editor of Grant's Interest Rate Observer, believes that "a resumption of gold convertibility is not politically impossible. . . . Is it not a historical fact that gold-convertible currencies did yeoman's service for 100 years and more?" He is with Mr. Lehrman, who stressed on National Public Radio this week that the gold standard is ripe for American leadership: "We have all the grounding and the basis for the United States taking the lead in establishing the convertibility of the dollar today."

Surely Mr. Lehrman is right that if we are to return to an era of sound money, America would be the logical leader. That was my takeaway from the interview with Mr. Poehl in 1986. The point on which he was most clear was that if there was to be monetary reform, "the U.S. would certainly have to take the lead. That just goes without saying, because the U.S. is the strongest country."

From the Independent Institute, Jeffrey Rogers Hummel suggests the Federal Reserve has become the economy’s central planner.

The Mellman Group releases poll data on the economy, indicating substantial room for an upbeat, pro-growth message.

USA Today reports continued weak job creation.

In The WSJ, Dick Armey and Matt Kibbe suggest entitlement reform is the key to national leadership.

At The NYT, Paul Krugman argues the weaker dollar has helped U.S. manufacturing.

Also in the Times, Christina Romer endorses the lower dollar.

The AP features James Grant saying it’s best to be in cash.

Wednesday update.

In Forbes, Paul Hoffmeister urges Sen. Kyl (R-AZ) to embrace sound money as part of his pro-growth agenda.

On Asia Times, David Goldman mocks Treasury Secretary Tim Geithner’s claim that the U.S. will not devalue the dollar.

At The Kudlow Report, Dick Armey suggests big Tea Party wins will mean less corporate welfare and a sound dollar:



On Gordon Liddy’s radio show, John Tamny discusses gold, oil and the weak dollar.

At Smart Money, Don Luskin predicts higher stock prices.

Bloomberg reports inflation fears are raising Treasury bond yields.

At The Heritage Foundation’s Foundry blog, David Weinberger makes the historical case against raising tax rates in a recession, featuring this amusing clip from “Ferris Bueller’s Day Off”:



Cato’s Dan Mitchell argues against conservative acquiescence to a VAT tax.

In The Washington Examiner, AEI President Arthur Brooks analyzes the top 10 factors contributing to unemployment. Sound money doesn’t rate a mention.

In The WSJ, John Chambers and Safra Catz argue U.S. taxes on foreign income are keeping capital from being repatriated.

On CNBC, David Malpass explains how Fed policy is damaging the economy:



In the UK, Prime Minister Cameron tests Jude Wanniski's Two Santas Theory with budget austerity and tax increases.

From earlier this year in The Washington Examiner, Ralph Benko pays homage to supply-side guru Robert Mundell.

Wednesday round up.

Richard Rahn critiques the President's economic philosophy.

At the Kudow Report, Stephen Moore debates corporate tax reform.

The Washington Times reports that President Obama wants to raise taxes and the House Republican leader wants to cut spending.

At Asia Times, Alexander Casella reports on China's view of its economy.

On NRO, Jim Powell argues government creates the largest financial bubbles.

Also on Kudlow, Dick Armey debates a flat tax.