Wednesday items: Domitrovic on Krugman; Grant on the Fed; Kudlow on Romney.

From UVA’s Miller Center, Brian Domitrovic responds to Paul Krugman’s defense of the economic recovery.

Zerohedge highlights a James Grant interview on the Fed and the stock market.

At NRO, Larry Kudlow argues Mitt Romney needs to widen his lead with the investor class.

On The Kudlow Report, US Rep. Jeb Henserling (TX) debates tax policy:



TGSN recounts the history of William Jennings Bryan’s Cross of Gold.

In The WSJ, Arthur Brooks suggests that generous social welfare programs demoralize workers.

From First Trust, Brian Wesbury predicts resurgent socialism in Europe will be short-lived.

Zerohedge features David Stockman discussing the Fed, debt and markets.

At Forbes, Jerry Bowyer explains how the economy is supposed to work.

In The Weekly Standard, Jeff Bell argues the President’s embrace of gay marriage will make it harder for him to win key swing states.

At The American, James Pethokoukis applauds Arthur Brooks’ new book, The Road to Freedom.

From Alhambra Partners, John Chapman analyzes Facebook’s economic impact.

Weekend edition: Domitrovic on Keynesian stimulus; Chapman on QE3; Bernanke responds to Krugman.

At City Journal, Brian Domitrovic critiques Noam Scheiber’s claim that recent Keynesian spending stimuli failed because they were too small.

From Alhambra Partners, John Chapman responds to calls for a third round of quantitative easing from the Fed.

At Forbes, Tim Worstall suggests the eurozone cannot work without fiscal transfers between rich and poor states.

Bloomberg reports Ben Bernanke’s public rejection of Paul Krugman’s call for higher inflation. Neither mentions the impact of the dollar’s seesawing exchange rate on inflation/deflation pressures.



The WSJ notes the recovery’s slow pace.

At The American, James Pethokoukis rebuts Paul Krugman’s attack on fiscal austerity.

From Forbes, Jerry Bowyer argues the US is declining, but not as fast as doomsayers like Glenn Beck imagine.

At The American, Joel Kotkin, Mark Schill and Ryan Streeter highlight positive economic trends in the Midwest.

In Forbes, Peter Ferrara designates Wisconsin’s public employee unions an aristocracy.

On The Kudlow Report, a panel discusses the weaker-than-expected GDP numbers:



At Philanthropy Daily, Scott Walter notes the downside of religions partnering with governments.

From Fiscal Times, Bruce Bartlett critiques the President’s scapegoating of oil speculators.

Weekend edition: Benko on Chatham House; Lewis on the 1920 recession; Laffer on the tax cliff.

From TGSN, Ralph Benko rebuts the report of the Chatham House Gold Taskforce.

In Forbes, Peter Ferrara defends US Rep. Paul Ryan’s (WI) budget and tax plan.

From NWE, Nathan Lewis explains the tight money roots of the 1920 recession.

At RCM, John Tamny refutes the claim that the stock market has risen due to Fed policy.

On Market Watch, Art Laffer discusses the tax cliff coming in 2013:



In The WSJ, John B. Taylor argues that rules-based monetary policy is clearly superior to discretionary policy.

In Forbes, Louis Woodhill critiques spending stimulus.

On NRO, Larry Kudlow pans the President’s attacks on the oil industry and the wealthy.

Also on NRO, Kudlow suggests Mitt Romney will be advantaged if the Supreme Court overturns Obamacare.

In The NY Post, Dan Mitchell blames the President for weak economy.

At Forbes, Jerry Bowyer continues his analysis of the gold price.

In The WSJ, Stephen Moore profiles Gov. Rick Scott.

On CNBC, Kudlow discusses oil’s price:



Politico reports Republicans fear Hispanic opposition at the ballot box.

On Oklahoma Public Radio, a snarky Prof. Jonathan Willmer opposes Laffer’s proposed state tax rate cuts.

The OC Register applauds Laffer’s state tax reform proposal.

Thursday items: Hanke on China trade; Cochrane on growth; Pethokoukis on tax rates.

At Globe Asia, Steve Hanke rebuts China-trade hawks.

From Bloomberg, John Cochrane argues Europe needs growth rather than Keynesian deficit stimulus.

At The American, James Pethokoukis highlights academic studies showing tax rates substantially impact economic activity.

On CNBC, Ron Paul (TX) pans US Rep. Paul Ryan’s (WI) budget for insufficient spending cuts:



At IBD, Alan Reynolds and Steven Slein examine the Buffett Rule’s likely impact on corporate dividends.

The WSJ notes a scoring analysis showing the Buffett Rule would yield little revenue.

At TGSN, Ralph Benko explains the monetary roots of the Panic of 1837.

On Forbes, Louis Woodhill critiques the President’s recent energy speech.

At Forbes, Jerry Bowyer analyzes the gold price’s recent decline.

From Comedy Central, South Park satirizes the weak-dollar cash-for-gold market:

The NYT reports Britain cutting its top tax rate (minimally) while maintaining spending austerity.

The Washington City Paper calls supply-side economics a con.

Weekend edition: Kudlow on Romney's supply-side focus; Newt on rising oil; Goldman says the dollar isn't driven by the Fed.

From Forbes, Richard Salsman urges Mitt Romney to strengthen his supply-side rhetoric.

On NRO, Larry Kudlow suggests Romney won last week by focusing on tax cuts and spending restraint.

In The WSJ, Stephen Moore reports that if Newt Gingrich bows out he may endorse Rick Santorum.

The Weekly Standard highlights a study by our friends at Evolving Strategies that suggests Romney is the strongest general election candidate.

In an ad, Newt Gingrich advocates lower gas prices but leave a stronger dollar out of the equation:



At CityAM (UK), Austrian George Selgin blames England for the monetary mess that led to the Great Depression.

On NWE, Nathan Lewis examines the falling commodity-1890s.

From First Trust, Brian Wesbury argues the Fed can’t make the case for QE3.

At Forbes, Jerry Bowyer links low interest rates to weak recoveries.

CBS News notes alternative, higher inflation numbers.

At Calafia Beach Pundit, Scott Grannis highlights Obamacare’s seven fatal flaws.

The Atlantic notes that Yale’s tuition is the same today in gold as in 1900.

The WSJ warns against excess liquidity creation from the world’s central banks.

At Forbes, Nathan Lewis explains the link between the dollar and oil.

On the Kudlow Report, David Goldman suggests oil’s price increase is not driven primarily by the Fed:



Politico reports Ben Bernanke saying gas prices won’t drive up inflation.

On TGSN, Ralph Benko notes the Fed’s poor track record of predictions.

At The American, James Pethokoukis highlights 13 charts that highlight the President’s poor economic record.

US News highlights a poll showing Keynesian spending stimulus is unpopular.

In The WSJ, Fred Barnes applauds US Rep. Paul Ryan’s (WI) ongoing Medicare leadership, but omits polls suggesting the GOP may lose the House in November.

In The WSJ, Democratic Gov. Jack Markell (DE) notes the decline of American IPOs since the 1990s.

The U.S. has experienced a stunning decline in IPOs and stock listings while capital markets in Asia, Europe and South America have thrived. Data from the World Federation of Stock Exchanges show that the number of U.S. IPOs has dropped to only about 100 annually, compared to about 360 a decade ago. In just 15 years, listings on U.S. exchanges dropped from 8,800 companies to under 5,000. Meanwhile, listings on major overseas exchanges doubled. Fewer than 10% of all global IPOs list on U.S. exchanges today, compared with 48% in the late 1990s.

The NYT reports London, not New York, is the money capital of the world.

In The WSJ, Treasury Secretary Tim Geithner misdiagnoses the financial crisis of late 2008 as rooted in regulatory lapses rather than currency instability.

At The Atlantic, Matthew O’Brien argues a global currency war would be positive because it would increase liquidity.

In Fiscal Times, Bruce Bartlett notes looming debt and tax rate cliffs later this year.

Thursday items: Malpass on the rising dollar; Shlaes on austerity; Forbes on NR's opposition to Newt.

From Forbes, Chris Barth reports David Malpass argues the dollar should rise due to tighter money, not the falling euro.

In Bloomberg, Amity Shlaes challenges Paul Krugman on fiscal austerity.

A reader comments:
Amity Schlaes pens an austerity-can-lead-to-growth op-ed, dismissing Paul Krugman's call for more Keynesian spending, but commits a startling error:

...There is evidence that austerity did lead to growth in the past, and that it did not cause fascism. These examples may be less known, but they suggest that austerity can bring recovery faster than spending can.

A strong example in U.S. history is the recession of the early 1920s. Responding to a downturn, the federal government didn't spend; it cut itself in half. Recovery followed so rapidly few people even remember that recession.

Brian Domitrovic has written how there was virtual consensus between Presidents Wilson's and Harding's money men on reducing top marginal rates before the election, so how could Shlaes forget Mellon’s tax cutting agenda that kicked off the Roaring Twenties? The Revenue Act of 1921 brought the top marginal tax rate down to 58% in 1922 from 73%, and with subsequent reductions, Mellon was able to get that top tax rate down to 25% by 1925. The austerity of the 1920s did not take place without efforts to foster economic growth. In this, Shlaes was sloppy.

On NRO, Larry Kudlow reports Senate Minority Leader Mitch McConnell (KY) pushing for the Keystone Pipeline in exchange for the payroll tax cut.

On The Kudlow Report, Steve Forbes discusses National Review’s editorial opposing Newt Gingrich:



From Forbes, Louis Woodhill argues pro-growth policies explain Gingrich’s rise.

At The American, James Pethokoukis suggests Gingrich’s Iowa lead is softening.

In The American Spectator, Ben Stein predicts President Gingrich and Vice President Huntsman.

At The WSJ, Dan Henninger portrays Gingrich as Mitt Romney’s sparring partner, toughening the former governor up to debate President Obama.

On NRO, Elise Jordan sees Jon Huntsman failing to capitalize on recent opportunities.

At Forbes, Jerry Bowyer highlights the role of interest rates to functional economic and financial systems.

From First Trust, Brian Wesbury predicts unemployment will be down to 8% by Election Day.

On The WSJ, Steve Cortes argues the Chinese economic model won’t work in the long run:



In The WSJ, conservative Keynesian Martin Feldstein pans the Eurozone economic deal.

On C-SPAN, PIIE’s C. Fred Bergsten – Keynesian and key intellectual driver of the 1970s dollar devaluation and subsequent Great Inflation – argues more American jobs will come from rebalancing world trade by lowering the dollar’s exchange rate to a competitive level (around minute 13).

Weekend round up: Kadlec and Strassel praise Cain; Lott and Moore on the unemployment report; Wallison on capital requirements.

From Forbes, Charles Kadlec credits Herman Cain with raising pro-growth politics above austerity.

In The WSJ, Kim Strassel applauds Cain’s growth message.

On Free Banking, Kurt Schuler agrees with Ralph Benko’s recent defense of the gold standard.

At Fox News, John Lott explains that the new unemployment numbers indicate many people leaving the job market.

On The Kudlow Report, Stephen Moore debates the unemployment numbers:

 

At Forbes, Nathan Lewis explains the difference between money and credit.

The NY Sun wonders if the Federal Reserve is conducting monetary policy for Europe.

On his blog, Greg Mankiw suggests ECB head Mario Draghi is offering to loosen Eurozone monetary policy in exchange for fiscal tightening.

In The WSJ, Peter Wallison argues capital requirement rules skewed US balance sheets to mortgage-backed securities before 2008, and today skew European balance sheets in favor of soverign debt:
On Rayedio Lounge, Wayne Jett discusses last week’s market upswing.

Although these rules are intended to match capital requirements with the risk associated with each of these asset types, the match is very rough. Thus, financial institutions subject to the rules had substantially lower capital requirements for holding mortgage-backed securities than for holding corporate debt, even though we now know that the risks of MBS were greater, in some cases, than loans to companies. In other words, the U.S. financial crisis was made substantially worse because banks and other financial institutions were encouraged by the Basel rules to hold the very assets—mortgage-backed securities—that collapsed in value when the U.S. housing bubble deflated in 2007.

Today's European crisis illustrates the problem even more dramatically. Under the Basel rules, sovereign debt—even the debt of countries with weak economies such as Greece and Italy—is accorded a zero risk-weight. Holding sovereign debt provides banks with interest-earning investments that do not require them to raise any additional capital.

At The American, Alex Pollock notes the financial triangle between the Fed, the Treasury, and GSEs.

In The Washington Post, George Will explains Obamacare’s harm to the entrepreneurial economy.

On Fox Business News, John Tamny argues saving, not consumer spending, is the root of economic progress:

The WSJ reports China’s mounting economic difficulties.

At The Spectator (UK), Fraser Nelson notes Steve Forbes calling for tax cuts in England and Europe rather than austerity.

From The WSJ, Alfonso Alguilar praises Newt Gingrich’s immigration position and claims restrictionism is not conservative.

At The Washington Post, Bill Gross predicts a lower euro, and by inference, a higher dollar.

The WSJ notes GOP members of Congress blocking Sarbox reform.

CNN examines Newt Gingrich’s economic plan:

 

On Forbes, Jerry Bowyer advocates expelling Greece and other southern European nations from the euro.

US News features a weak analysis of Federal Reserve critics.

Thanksgiving week round up: Benko on growth; Chapman on the Tax Wedge; Lehrman on monetary reform.

From Forbes, Ralph Benko makes a strong argument for growth over deficit focus.

At Alhambra Investments, John Chapman explains the Tax Wedge.

On Forbes, Louis Woodhill debunks the President’s spending stimulus plan.

From last month’s Heritage Conference on a Stable Dollar, Lew Lehrman outlines his monetary reform plan:

 

On New World Economics, Nathan Lewis features his recent interview with GoldMoney.com.

The NY Sun applauds US Rep. Ron Paul’s suggestion that he would name James Grant as Treasury Secretary.

In The Washington Times, Richard Rahn argues the world is suffering from declining paper money.

From Forbes, John Tamny suggests the gold standard would make government borrowing easier.

At TGSN, Christopher Potter notes the gold standard’s price stability.

On The Kudlow Report, Stephen Moore debates the Super Committee:

 

On RCM, John Tamny explains that mobility is key to economic success.

From Heritage, Bill Beach analyzes the CBO’s income inequality claims.

On Asia Times, David Goldman suggests Germany and France cut off southern Europe.

At Forbes, Jerry Bowyer recounts Thanksgiving’s origins.

On NRO, Larry Kudlow remembers the late Ted Forstmann.

Thursday update: Domitrovic on Reagan's unfinished business; Ron Paul says the Fed caused the financial crisis; Forbes, Pethokoukis on Perry's flat tax.

From Forbes, Brian Domitrovic explains that monetary reform is President Reagan’s crucial unfinished business.

In The WSJ, US Rep Ron Paul (TX) blames the Federal Reserve for the financial crisis.

The WSJ reports Rick Perry’s flat tax garners support from Steve Forbes.

The Washington Post forecasts the coming tax battle between Perry and Romney.

On The Kudlow Report, Jimmy P debates Perry’s flat tax proposal:

 

From NRO, Larry Kudlow notes somewhat improved economic data from last month.

At Forbes, Jerry Bowyer critiques Herman Cain’s 9-9-9 plan.

Dick Morris supports the 9-9-9 plan.

IBD rebuts Paul Krugman and Jared Bernstein’s Keynesian advocacy.

On NRO, Michael Barone suggests bipartisan support to allow more visas for a high-skilled immigrants.

At International Liberty, Dan Mitchell notes a recent video likening President Obama to President Carter:

 

The liberal Think Progress proves that there’s no point in trying to appease tax hikers with targeted middle class tax cuts.

Factcheck.org disputes the President’s jobs numbers (h/t: Speaker Boehner’s office).

Future of Capitalism notes a new book that praises Michael Milken.

Weekend update: Lewis and Moore on the flat tax; McKinnon, Weisenthal and Bowyeron interest rates; Woodhill on sound money and America's enemies.

From Forbes, Nathan Lewis notes the success of flat tax reforms around the world.

In The WSJ, Ronald McKinnon suggests the Fed’s loose money policies have blocked bond market vigilantes bidding up interest on the debt.

At Business Insider, Joe Weisenthal counters McKinnon, noting that bond rates rise and fall with economic growth. (H/t: Vlad Signorelli.)

From Forbes, Jerry Bowyer argues interest rates are unreliable indicators but gold suggests inflation.

On The Kudlow Report, Stephen Moore debates the flat tax:


On NRO, Larry Kudlow sees Gov. Chris Christie (NJ) as the antidote to the President’s demoralizing message.

In The WSJ, Stephen Moore argues the President’s tax fairness arguments bolster the case for a flat tax.

The NY Sun suggests US Rep. Ron Paul (TX) would be a strong running mate for Gov. Mitt Romney (MA).

At Asia Times, Reuven Brenner critiques Keynesian economics.

In Forbes, Louis Woodhill suggests a sound dollar would undermine America’s adversaries.

Columnist George Will bashes US Rep. Barney Frank’s proposal to strip regional bank presidents of their Federal Open Market Committee voting rights.

TSGN’s Ralph Benko discusses the gold standard on the Larry Parks radio show.

At CNBC, Jeff Bell argues embrace of sound money will help the GOP presidential candidates (h/t: TGSN).

In The NYT, C. Fred Bergsten of the Peterson Institute for International Economics claims a weaker dollar will lower US unemployment.

From the archive, Jude Wanniski discusses Bergsten’s background.

Weekend edition: Lewis on Europe's debt; Pethokoukis and Kudlow on the Fed; Ferrara on the President's tax arguments.

From Forbes, Nathan Lewis advocates a debt/equity swap to recapitalize European banks.

In The Weekly Standard, Jim Pethokoukis notes the market’s negative response to the Fed’s Operation Twist 2011.

At NRO, Larry Kudlow blasts the Fed’s strategy.

On The Kudlow Report, Don Luskin discusses last week’s market meltdown:

 

At Yahoo Finance, Steve Forbes criticizes European handling of its debt crisis.

On Forbes, Peter Ferrara challenges the President’s tax claims.

At Asia Times, Reuven Brenner reviews David Goldman’s new book on demographics.

From The American, Steve Conover rebuts claims of middle-class stagnation.

On CNBC, Larry Kudlow discusses the government’s role in the current crisis:

 

At Forbes, Jerry Bowyer analyzes gold’s drop below $1,700.

On his blog, Scott Grannis suggests the market’s drop last week is explained by disappointment that QE3 wasn’t proposed.

Talking Points Memo rounds up negative conservative reaction to Gov. Rick Perry’s debate performance.

At Fiscal Times, Bruce Bartlett suggests Milton Friedman would oppose conservative Fed bashing.

Thursday summary: Mundell on Greek default; the dollar is rising; Politico on opposition to Bernanke.

From Bloomberg, Robert Mundell says a Greek debt default would trigger a “monstrous” run on banks, that no nation should leave the eurozone, and that the Fed and ECB should enact a $1 trillion swap facility to prevent a dollar shortfall.

Dow Jones reports the dollar rising, with the euro down to $1.38 from $1.45 in recent days.

Politico notes the opposition to Fed Chairman Ben Bernanke at the GOP debate.

Bloomberg reports a surprise cut in Brazil’s interest rate despite 7.2% inflation.

At The WSJ, Joseph Sternberg and Abheek Bhattacharya discuss the weak dollar’s role in Korea’s rising inflation:

 

The WSJ reports on two new studies of why the stimulus failed.

In Asia Times, David Goldman criticizes the small business payroll tax cut.

In The WSJ, Michael Boskin argues the President’s response to the crises he inherited has been poor.

On The Kudlow Report, Larry Kudlow discusses the President’s jobs speech:

 

At RCM, John Tamny defends China’s economic strategy.

The WSJ analyzes Mitt Romney’s 59-point economic plan.

Also in The Journal, Paul Gigot critiques the Romney proposal.

From earlier this month, The NY Sun notes an excellent interview with James Grant on gold.

In Forbes, Jerry Bowyer suggests that while imperfect, gold is the best monetary barometer.

TGSN features Ronald Reagan’s TV ad supporting a return to the gold standard:

At COAL, Paul Krugman denies that gold is sending inflationary signals.

Also on COAL, Krugman attacks The WSJ editorial page’s economic predications.

Thursday items: Mundell discusses exchange rates and tax cuts; Tamny defends the euro; Woodhill opposes QE3.

From Bloomberg, supply-side guru Robert Mundell argues QE3 isn’t necessary but argues for a steady expansion of the money supply and against more spending, and that commitment to a 20% corporate tax rate and making the Bush tax cuts permanent will lead to a strong US recovery.

In The Telegraph (UK), Ambrose Evans-Pritchard interviews Mundell on the euro.

At RCM, John Tamny defends the euro against criticisms from Evans-Pritchard and National Review editor Rich Lowry.

On C-SPAN, the Steve Forbes media blitz continues with an extended discussion of the economy, with the dollar as his top issue:




At Forbes, Louis Woodhill opposes QE3.

On NRO, Ramesh Ponnuru defends looser monetary policy.

From Forbes, Steve Forbes sees positive political change coming.

The WSJ counters Keynesian claims of US austerity.

From earlier this month, Stephen Moore debates liberal Thomas Hartmann on entitlements and taxes:




In The WSJ, businessman Warren Stephens suggests Sarbanes-Oxley has damaged small companies.

At Reuters, Jimmy Pethokoukis notes Gov. Mitt Romney’s (MA) updated position on global warming.

In Forbes, Jerry Bowyer outlines the religious basis for classical economics.

Thursday items: Hanke on slow money supply growth; Kudlow on the IEA; Calhoun on needed reforms.

From RCM, Cato's Steve Hanke suggests slower money supply growth will leave the economy in a slump.

On NRO, Larry Kudlow likens the IEA oil release to QE3.

At RCM, Joseph Calhoun advocates broad government and economic reform, starting with a stable dollar.

On The Kudlow Report, John Harwood reports on the GOP walkout of budget talks:




At Forbes, Bill Flax notes the monetary roots of the present malaise.

On TGSN, Ralph Benko features an 1841 article that notes the role of money in market errors.

At Forbes, Jerry Bowyer argues Robert Mundell’s attempt to save Europe has failed.

The NYT notes the Fed’s failure to repair the economy.

At COAL, Paul Krugman says Keynesian economics has come through the recent crisis “with flying colors.”

Thursday items: Reynolds on tax rates; Woodhill on Keynesian claims; Tamny on Zandi.

In a must-read from The WSJ, Alan Reynolds demolishes tax increase arguments.

At Forbes, Louis Woodhill responds to Keynesian claims.

On The Kudlow Report, Dan Mitchell debates high tax rates:



At RCM, John Tamny challenges Mark Zandi’s weak dollar/tax rebate strategy for growth.

On Money News, Steve Forbes promotes the gold standard.

The WSJ Asia suggests that China raise the yuan’s exchange rate.

There are hints that a debate is ongoing in Beijing about how to alter course before these distortions grow bigger. The reformers have been hamstrung by the export lobby's desire to keep the yuan's value low. But the costs of intervening to do so are rising. Sustaining China's growth will require banks to make market-oriented lending decisions, which won't happen as long as its central bank can't use interest rates as a tool of financial management. The sooner Beijing decides to stop sterilizing, the easier will be the transition to a better financial system.

Freedomist continues to critique NRO’s Kevin Williamson (more here).

At Bloomberg, progressive Ezra Klein calls Tim Pawlenty’s growth strategy fantasyland but acknowledges it is smart politics.

From earlier this week in The WSJ, Bill McGurn rebuts The NYT’s Thomas Friedman for Friedman’s view that the world is full. Like Friedman, McGurn overlooks the unstable and declining dollar:

All around us we see its manifestation in the revival of floppy hats, platform shoes and maxi dresses. We can, however, also detect this same retro fashion sense on the op-ed page of the New York Times. There last week Tom Friedman's column carried one of the sentiments most in vogue in the 1970s: "The Earth Is Full."

Mr. Friedman invokes the usual grim specters so beloved of a certain kind of intellectual: natural disasters (tornadoes, floods and droughts); rising prices (food and energy); the threat to stability; and of course the kicker—that there are just too many darn people around these days.

It's a familiar meme, and it comes bearing the familiar scientific credentials. In this case the authority is, Mr. Friedman tells us, "an alliance of scientists" called the Global Footprint Network, "which calculates how many 'planet Earths' we need to sustain our growth rates." Right now they say it is 1.5. Which can mean only one thing unless we cut way, way back: We're doomed.

At Forbes, Jerry Bowyer continues to examine the psyche of John Maynard Keynes.

On TNR, Jonathan Chait challenges The WSJ’s critique of the President's economic policy.

From this week’s Republican candidate debate, Newt Gingrich had a terrific answer on tax rates:

KING: Mr. Speaker, if you look at a poll in the Boston Globe just the other day, 54 percent of Republican voters in this state say they're willing to have higher taxes on the wealthy to help bring down the deficit. Are they wrong?

GINGRICH: Well, the question is, would it, in fact, increase jobs or kill jobs? The Reagan recovery, which I participated in passing, in seven years created for this current economy the equivalent of 25 million new jobs, raised federal revenue by $800 billion a year in terms of the current economy, and clearly it worked. It's a historic fact.

The Obama administration is an anti-jobs, anti-business, anti- American energy destructive force. And we shouldn't talk about what we do in 2013. The Congress this year, this next week ought to repeal the Dodd-Frank bill, they ought to repeal the Sarbanes-Oxley bill, they ought to start creating jobs right now, because for those 14 million Americans, this is a depression now.

The Club for Growth lists its key priorities but doesn’t mention the dollar.

Weekend round up: Lewis on Germany's recovery from hyperinflation; Reynolds rebuts Krugman; Brenner stresses incentives over debt.

From Forbes, Nathan Lewis has an astounding account of how hyperinflationary Germany relinked its currency to gold.

At IBD, Alan Reynolds counters Paul Krugman’s claim that spending austerity damaged Ireland.

In Forbes, Reuven Brenner argues the policy debate should focus on incentives for growth and investment rather than government debt.

At The WSJ, Stephen Moore profiles U.S. Rep. Michele Bachmann (MN) who says she is an Art Laffer fan and favors sound currency.

On This Week with Christiane Amanpour, George Will credits Tim Pawlenty with avoiding the austerity trap, as Ronald Reagan did:





At NRO, Larry Kudlow applauds Tim Pawlenty for focusing on 5 percent annual growth.

At Slate, David Weigel, of Journolist fame, celebrates National Review’s Kevin Williamson for ridiculing fast economic growth “magic unicorns.”

Taking a page from Williamson, Washington Post progressive columnist Ruth Marcus critiques Pawlenty’s “magical thinking” on economic growth.

On Bloomberg, National Review editor Ramesh Ponnuru doubts Republican tax cut plans will do much to help the middle-class.

On The Kudlow Report, David Malpass sees slow growth continuing:




In The Washington Post, Charles Krauthammer predicts Republicans will focus on stewardship of the economy rather than ideology in 2012.

On NRO, Rich Lowry highlights the unemployment crisis.

From Forbes, Jerry Bowyer analyzes the roots of Keynes’ thinking.

At The WSJ, Stephen Moore notes Republican efforts to ensure against default if the debt ceiling isn’t raised.

Also on This Week, Sen. Richard Shelby (AL) debates supply- vs. demand-side economics, but doesn’t mention the unstable dollar and refers to World War II spending ending the Great Depression:





From Fiscal Times, Bruce Bartlett argues cutting long-term deficits, not lowering tax rates, will increase growth.

On Slate, Annie Lowrey argues the Bush tax cuts were a failure.

From Yahoo Finance, Jeff Macke sees dollar strength causing market and commodity sell offs.