From Forbes, Charles Kadlec explains how the market
disciplined JP Morgan.
At Forbes, Ralph Benko argues sound money is needed for the economy to boom.
On Face the Nation, Mitt Romney advocates balancing the
budget through tax cuts and growth:
In a later segment, Romney discusses monetary policy:
BOB SCHIEFFER: The Federal Reserve, as I understand, is going to meet this week to weigh the possibility of a new economic stimulus for our economy. Now, you didn't think much of the last stimulus. What do you think they should do now--is it time for another?
MITT ROMNEY: Well, the QE2, as it's called, which was a monetary stimulus,
did not have the desired effect. It was not extraordinarily harmful, but it
does put in question, the future value of the dollar, and will, obviously,
encourage some inflation down the road. A QE3 would do the same thing. I know
how it is. Politicians in office want to do everything they can just before an
election to try and temporarily boost something, but the potential threat down
the road of inflation is something which we have to be aware of, and at the
last QE2, the last monetary stimulus, did not put Americans back to work, did
not raise our home values, did not bring jobs back to this country or encourage
small businesses to open their doors. What's wrong with our economy is that our
government has been warring against small, middle, and large businesses. And
people in the business world are afraid to make investments and to hire people.
I want to make it very clear that in my administration, government will see it as
the friend of enterprise and job creators, and we'll start building jobs again.
On Bloomberg, Ramesh Ponnuru profiles Grover Norquist.
At The American, James Pethokoukis defends Grover for opposing a hypothetical spending cut/tax increase deal.
From Alhambra Partners, Joe Calhoun analyzes Greece and
the Eurozone.
From The Money Illusion, Scott Sumner argues monetary policy is at its tightest since Herbert Hoover.
On TGSN, Ralph Benko recounts the Democratic Party split
of 1896 over gold.
At International Liberty, Dan Mitchell notes the President’s
wise economic advice… to other nations.
From The WSJ, Stephen Moore discusses the possibility
that the House could go Democrat:
CNBC reports Goldman Sachs predicts monetary easing from
the Fed (h/t: Drudge).
In The NYT, Bruce Bartlett examines income changes at the
top and bottom of the spectrum.
From Forbes, Louis Woodhill argues the proper gold price for
dollar relinking should be discovered by markets using transparent rules. On TGSN, Ralph Benko prefers a market mechanism to find the proper gold
price.
At RCM, John Tamny disputes myths about the long-term
unemployed.
On The Kudlow Report, David Goldman argues deflationary
risk is high:
The NY Sunrecounts the last time the Republican platform
supported a dollar convertible to gold.
On TGSN, Benko recounts the story of The Gold Bug. At Seeking Alpha, Jeffrey Rosen discusses the Laffer
Curve. On The Circle Bastiat, Joseph Salerno offers an
alternative explanation of the 19th century financial panics. The NYTreports China’s falling yuan (h/t: James
Pethokoukis). The Koch Foundation makes the case for economic freedom
in 60 seconds:
At The FT, Martin Wolf suggests low tax rates don’t align
with productivity and growth.
From Forbes, Ralph Benko and Charles Kadlec applaud Herman Cain’s new book for its focus on the gold standard.
In The WSJ, Edward Lazear argues the supply-side view of austerity – cut spending, keep taxes low -- is correct. At Cato, Alan Reynolds explains that today’s higher executive pay is due mainly to past tax reforms thatreduce penalties for declaring income. On The Kudlow Report, Stephen Moore discusses austerity vs. stimulus:
In Forbes, John Tamny opposes the estate tax. The NY Sunrecounts the history of the Federal Reserve's founding. On The Daily Beast, David Frum highlights Charles Kadlec debating the gold standard. In The WSJ, Stephen Moore notes strong poll numbers for Gov. Scott Walker (WI). At PJ Media, David Goldman applauds Germany for insisting upon Greek budget cuts. In The WSJ, Matthew Sinclair outlines ideas for British tax reform. From Heritage, Rob Bluey summarizes the 2013 tax increases.
In The Washington Times, Richard Rahn debunks claims that JP Morgan’s loss proves the need for more financial regulation. On The Kudlow Report, Art Laffer discusses California’s tax hike plan. California Lt. Gov. Gavin Newsome sound surprisingly supply-side:
At Forbes, Ralph Benko highlightsDebacle by Grover Norquist and John Lott, Jr. From TGSN, Benko suggests Wonder Woman’s lasso is a parable for the gold standard. On International Liberty, Dan Mitchell parodies a recent Time magazine cover. At Seeking Alpha, Hale Stewart argues Keynesian stimulus, not supply-side economics, is what the economy needs.
At Forbes, Louis Woodhill skewers the false debate between austerity and Keynesianism.
In The WSJ, Robert Barro explains that austerity hasn’t failed in Germany and Sweden.
A video from Save Our Savers mocks the the Bank of England’s Monetary Policy Committee.
At TGSN, Ralph Benko remembers President Ford’s failed efforts to whip inflation. In The WSJ, Stephen Moore reports US Rep. Paul Ryan’s (WI) effort to prevent defense spending cuts. In The Washington Post, George Will treads (lightly) into supply-side territory with a critique of Obamacare’s tax hike. From the comedy archive, Parks & Recreation’s Ron Swanson explains taxes (h/t: Jonah Goldberg):
In The WSJ, Arthur Herman urges President Obama to follow FDR’s embrace of industry during WW II.
From Forbes, Ralph Benko reports congressional sound money legislation.
At RCM, Louis Woodhill explains the terrible employment data. In Forbes, John Tamny analyzes the problem of reliance on GDP. On The Kudlow Report, Benn Steil discusses the eurozone crisis:
At The WSJ, James Bovard highlights efforts to create a happiness index to replace weak GDP statistics. From PJ Media, David Goldman explains declining labor force participation. On RCM, Keynesian Paul Samuelson sides with Ben Bernanke over Paul Krugman on inflation. At RCM, Bill Frezza notes the negative economic consequences of restrictive immigration policy. The Mises Institute features Robert Wenzel’s NY Fed speech, in which he cites his warning of the dramatic monetary tightening of summer 2008:
After growing at near double digit rates for months, money growth has slowed dramatically. Annualized money growth over the last 3 months is only 5.2 percent. Over the last two months, there has been zero growth in the M2NSA money measure.
This is something that must be watched carefully. If such a dramatic slowdown continues, a severe recession is inevitable.
We have never seen such a dramatic change in money supply growth from a double digit climb to 5 percent growth. Does Bernanke have any clue as to what the hell he is doing?
The WSJsuggests the new French president follow German chancellor Gerhard Schroder’s example.
At The NYT, Paul Krugman advocates breaking up the euro.
In The WSJ, Jon Huntsman notes the Chinese government’s profound economic insecurity.
From Forbes, Charles Kadlec notes the failure of Europe’s tax-increase austerity.
At TGSN, Ralph Benko highlights Jacques Rueff’s critique of the post-war gold exchange standard.
On C-SPAN, Steve Forbes supports US Rep. Ron Paul (TX) for Fed Chairman:
At The American, Alex Brill examines tax fairness. In The Washington Times, Richard Rahn lambasts the Obama Administration’s new foreign reporting requirement for US banks. From Alhambra Partners, Joe Calhoun investors stay in cash. On NRO, Larry Kudlow analyzes the weak recovery. At The WSJ, James Swanson discusses Bill Clinton’s claim that President Obama is ahead of the curve pulling the US out of the financial crisis:
In The WSJ, Stephen Moore reports a congressional debate over highway spending. From The Washington Post, Ezra Klein notes the return of many GW Bush economists on the Romney campaign. At The WSJ, Cass Sunstein highlights an executive order to harmonize US and foreign regulation.
On Salon, Michael Lind argues the era of globalization is over. The coal industry highlights the financial strain of rising energy costs:
In The NYT, Bruce Bartlett argues current tax rates aren’t blocking economic growth. From Bloomberg, Rich Miller argues higher tax rates won’t discourage the wealthy from working harder.
The NY Sunopposes Keynesian Paul Krugman’s call for increased inflation.
At Forbes, Ralph Benko repudiates Occupy Wall Street’s embrace of class warfare socialism. On Bloomberg TV, US Rep. Ron Paul debates Krugman:
In Forbes, John Tamny rues efforts to eliminate expensive healthcare. On his blog, Scott Grannis suggests slow growth is due to government spending offsetting productive investment. At City Journal, Herbert London reviews Jeff Bell’s The Case for Polarized Politics. The Economistexplains that global current account imbalances are largely due to oil exports. Free Market America goes viral with its environmental critique, “If I Wanted America to Fail”:
In The WSJ, Mary O’Grady reports on rising leftwing populism in Chile.
From Forbes, Charles Kadlec highlights Obama economist Christina Romer’s scholarly writing on the negative impact of tax increases.
The WSJnotes a rising threat to Europe’s borderless trade policy.
In Forbes, Ralph Benko profiles Art Laffer and Stephen Moore’s Rich States, Poor States.
At The WSJ, Paul Gigot and Dan Henninger discuss the Netherland’s proposed tax increases and declining growth:
At RCM, John Tamny explains that economic fairness makes everyone poorer. From Alhambra Partners, Joe Calhoun remains moderately bearish on the world economy.
At Forbes, Grove City Prof. Mark Hendrickson highlights the Obama Administration’s interest in a global corporate tax (h/t: Future of Capitalism).
In Barrons, Stanford's John Taylor critiques Keynesian tax stimulus and advocates rules-based monetary policy. At TGSN, Ralph Benko argues gold offers the best rule for monetary stability. In The WSJ, Stephen Moore reports Republicans may not win retiring Sen. Kent Conrad’s (ND) seat. On The Kudlow Report, Tamar Jacoby debates Arizona’s immigration policy:
In The NYT Magazine, Paul Krugman urges Fed Chairman Bernanke to increase inflation. At The WSJ, Peter Diamond and Emmanuel Saez argue higher top tax rates will generate more federal revenue and not harm growth. USA Todaydredges up hoary misconceptions about the gold standard.
From Forbes, Steve Forbes talks taxes and trade with President George W. Bush.
At Forbes, Louis Woodhill quotes Jude Wanniski to argue Obamacare must be repealed. The Washington Timesreports Mitt Romney leading the President on the economy. In The WSJ, Karl Rove urges Romney to counter the President’s class warfare with focus on growth. The Spectatorfeatures a symposium with Stephen Moore and US Rep. Paul Ryan (WI) on the budget and taxes:
In The WSJ, Dan Henninger parallels the President’s rhetoric with FDR’s in 1936. Reasonhighlights the President’s scapegoating of oil speculators. At TGSN, Ralph Benko recounts the history of the post-Civil War Legal Tender Cases. From National Review in 1978, Alan Reynolds and William Peterson promote the gold standard. Also from the NR archive, Bruce Bartlett argues for supply-side tax cuts.
From Forbes, Brian Domitrovic highlights Donald Devine’s spending cuts during the Reagan era.
At The WSJ, Holman Jenkins diagnoses inequality obsession. In The WSJ, Stephen Moore notes the Senate vote on the Republican small business tax bill. On The Kudlow Report, Sen. Kay Bailey-Hutchison (TX) debates the plan:
The WSJexplains that yuan convertibility will require substantial financial liberalization in China.
From the Peterson Institute for International Economics, Nicholas Lardy argues that with its current account surplus down and its currency higher, there’s no cause to press China to raise the yuan further. And on the downside, The Washington Postreports PIIE chief Fred Bergsten making common cause with Occupy Wall Street. On TGSN, Ralph Benko highlights a pro-gold article by Princeton scholar and one-time Ben Bernanke collaborator Harold James. At The American, James Pethokoukis critiques arguments that the US should return to 1950s tax rates. From First Trust, Brian Wesbury suggests big government doesn’t make one any more secure from life’s risks. In The WSJ, US Trade Rep. Ron Kirk notes rising export of US services.
From The Spectator (UK), Fraser Nelson highlights Sweden’s tax cutting success.
On Forbes, Charles Kadlec reviews Art Laffer’s new book on state tax competitiveness. In The WSJ, Mary Anastasia O’Grady explains how Ben Bernanke’s low dollar is damaging Brazilian exporters and creating political pressures for its government. At The WSJ, O’Grady discusses the Fed’s fear of incipient inflation:
At Forbes, Ralph Benko suggests obedience to authority helps explain Washington’s aversion to the gold standard. The WSJreports China widening the yuan’s trading range. From TWS, Bill Kristol rebuts the suggestion that President Reagan favored tax hikes on the rich. At Forbes, Brian Wesbury argues spending cuts are required to save America from a VAT. On The Kudlow Report, Larry debates the Buffett Tax vote with Jared Bernstein:
At Forbes, John Tamny critiques lotteries for funding larger government. In The NYT, Greg Mankiw suggests competition is good for governments too.
