Monday round up: Goldman advocates focus on entrepreneurs; Pethokoukis sees income as a problem; Ron Paul notes the Fed's overseas bailouts.

In Asia Times, David Goldman argues for renewed Republican focus on entrepreneurship.

At Reuters, James Pethokoukis suggests flat incomes, not unemployment, could cost the President re-election.

From The Hill, U.S. Rep. Ron Paul (TX) notes the Federal Reserve’s bailouts of foreign banks with ties to hostile nations.

On The Kudlow Report, David Goldman and Don Luskin debate inflation:



In The WSJ, Gary Becker, George Shultz and John Taylor advocate permanent extension of the Bush tax rates.

On RCM, CJ Maloney argues the gold standard is too honest for modern America.

From Newsweek, Niall Ferguson suggests the euro is on the ropes.

In last week’s WSJ, Stephen Moore notes that more Americans work for government than manufacturing, farming, fishing, forestry, mining and utilities combined.

Cato’s Dan Mitchell cites an Adam Smith Institute report on the negative impact of England’s higher tax rates.

At Slate, David Weigel reports a new IMF report urging higher taxes to solve the deficit problem.

In The WSJ, Michael Moritz notes the role of high-skill immigrants in Silicon Valley.

At Forbes, Reuven Brenner examines the difficulties of investing in today’s unstable world.

Monday update.

At The NY Sun, Seth Lipsky applauds World Bank President Zoellick’s op-ed advocating a gold-based monetary system.

Also in The Sun, Lipsky notes Sarah Palin’s opposition to a weaker dollar.

On The Kudlow Report, Stephen Moore discusses President Obama’s willingness to extend all the Bush tax cuts:




At Forbes, David Malpass advocates spending cuts.

In The WSJ, Fed Governor Kevin Warsh promotes a long-term growth agenda:

Policy makers should take notice of the critical importance of the supply side of the economy. The supply side establishes the economy's productive capacity. Recovery after a recession demands that capital and labor be reallocated. But the reallocation of these resources to new sectors and companies has been painfully slow and unnecessarily interrupted. We are feeling the ill effects.

Fiscal authorities should resist the temptation to increase government expenditures continually in order to compensate for shortfalls of private consumption and investment. A strict economic diet of fiscal austerity has greater appeal, a kind of penance owed for the excesses of the past. But root-canal economics also does not constitute optimal economic policy.

The U.S. would be better off with a third way: pro-growth economic policy. The U.S. and world economies urgently need stronger growth, and the adoption of pro-growth economic policies would strengthen incentives to invest in capital and labor over the horizon, paving the way for robust job-creation and higher living standards.

In City Journal, economist Douglas Holtz-Eakin promotes tax reform as key to restoring economic growth.

The WSJ editorial page supports Washington state’s resounding rejection of higher taxes on the rich:

So what's the matter with Washington? Clearly, its middle-class residents understand an economic reality that eludes Mr. Gates and many other already-rich advocates of higher taxes: The absence of an income tax has been Washington's greatest comparative advantage over its high-income tax neighbors in California and Oregon. Texas Governor Rick Perry even sent a letter to Washington state's biggest employers, inviting them to move to no-income-tax Texas.

The larger message, which also eludes the nation's leading proponent of soak-the-rich tax ideas—the fellow in the Oval Office—is that the average person simply doesn't believe that the taxers will stop with the wealthy. To protect both themselves and the greater economy outside their windows, voters prefer a tax system whose rates aren't rising—on anyone.

Also on Kudlow, Art Laffer sounds optimistic in response to the President’s tax cut move:

Business Week reports emerging economies may be flooded with hot money due to Fed easing.

At NRO, Nobel laureate Gary Becker analyzes the roots of the financial crisis.

On Forbes, John Tamny critiques the NFL’s economic policies.