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 WSJpans 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.
From The Financial Post (Canada), supply-side guru Robert Mundell sees a
bright future for the euro, but blames excessive spending and unstable exchange
rates for the Eurozone’s current troubles.
Also on The Financial Post, Terry Corcoran supports
Mundell’s analysis.
At Forbes, Nathan Lewis suggests a dual currency system
featuring gold for nations outside the major currency zones.
On The Kudlow Report, David Malpass discusses the
markets:
At The American, James Pethokoukis responds to Paul
Krugman’s claims that government spending led to the Reagan boom.
The WSJhighlights the President’s disastrous press
conference remarks on the economy.
At China Daily, Mundell applauds the People’s Bank of China
for lowering interest rates.
On CNBC, James Grant notes the Fed’s shrinking balance
sheet.
The WSJcriticizes Ben Bernanke for opposing spending
cuts, but applauds his rejection of tax increases.
From Forbes, Peter Ferrara compares the Obama economy to Argentina.
In The WSJ, Stephen Moore reports Democratic nervousness
about Taxmageddon.
At Newsmax, Steve Forbes advocates tax cuts rather than bailouts to revive Europe.
IBDnotes the President of Estonia’s response to Paul Krugman’s dismissal of its economic success.
From The Sun News Network, David Goldman doesn’t see a
way to keep the weak nations in the Eurozone:
On Fiscal Times, Bruce Bartlett notes the decline and
fall of organized labor.
From Market Watch, Harold Gold uses the Bush tax cuts to
declare supply-side economics false.
From the archive, here’s my assessment of the Bush tax
cuts.
On TGSN, Jon Decker reports the past use of vodka as a currency in Russia.
From Cato, Alan Reynolds responds to Larry Summers’ call
for more government spending.
At Alhambra Partners, Joe Calhoun sees the dollar bouncing
back and forth between inflation and deflation. For the record, here’s my
column of last year on Robert Mundell’s similar view.
On Forbes, Brian Domitrovic critiques the President for
doing nothing that would improve the economy.
The Daily Callerinterviews Steve Forbes on Mitt Romney’s
record at Bain Capital:
At RCM, John Tamny suggests fear of QE3, not bad
unemployment numbers, is responsible for the market’s decline.
From The Atlas Sound Money Project, Devin Roundtree
argues QE3 is already underway.
At Forbes, Charles Kadlec critiques the President’s economic
policies.
In The WSJ, Robert Barro analyzes the economy’s malaise.
From The Washington Times, Richard Rahn covers efforts to
impose global taxes.
In The WSJ, Roger Lowenstein reviews a book on the
depression of 1837.
From Forbes, Peter Ferrara argues the true unemployment rate is 11%. In The WSJ, Anne Jolis notes the success of Sweden’s tax cuts and labor reforms. On The Kudlow Report, Don Luskin discusses the G-8 Summit:
China Dailyreports Robert Mundell discussing the complementarity of Taiwan and Fujian. On Bloomberg, Caroline Baum challenges Paul Krugman on the debt. From Financial Sense, Steve Forbes advocates free markets and gold.
At The WSJ, Stephen Moore highlights Nebraska’s GOP primary for the US Senate.
From Forbes, Steve Forbes wonders if the US can save Europe and Japan.
On Bloomberg, Amity Shlaes defends supply-side calls for fiscal austerity. The Washington Postreports the dollar’s rise against the euro. On The Kudlow Report, David Goldman discusses the rising dollar and the possibility of deflation:
From NRO, Larry Kudlow advocates extending the Bush tax rates. On Calafia Beach Pundit, Scott Grannis links Fed policy to economic growth. At IBD, Greg Hayes suggests the US would be more competitive with a territorial tax system. The WSJ’s Notable & Quotable quotes actor Will Smith discussing tax rates on French TV:
Smith: I have no issue with paying taxes and whatever needs to be done for my country to grow. I believe very firmly that my ability to sit here—I'm a black man who didn't go to college, yet I get to travel around the world and sell my movies, and I believe very firmly that America is the only place on Earth that I could exist. So I will pay anything that I need to pay to keep my country growing. . . .
Interviewer: Do you know how much in France you would have to pay on earnings above one million euros [under new French President Francois Hollande's proposal]? Not 30%. 75%.
Smith: 75?! Yeah, that's different, that's different. Yeah, 75. Well, you know, God bless America.
In The WSJ, Allan Meltzer argues financial firms must be free to take risks, not regulated more.
From Bloomberg, Amity Shlaes defends the gold standard against critics.
In The FT (free registration required), US Rep. Ron Paul (TX) lambasts central bankers.
At Forbes, Louis Woodhill highlights declining business investment.
On The Kudlow Report, David Malpass analyzes Mitt Romney’s focus on issues other than growth:
On his show, Rush Limbaugh tutors a college student on supply-side economics.
At Forbes, Steve Forbes reviewsFreedom’s Forge: How American Business Produced Victory in World War II.
Market Watch reports China’s intention to accelerate yuan reform. In Commentary, Abe Greenwald notes the violent plans of some members of the Occupy crowd. On Kudlow, a newly bearish David Goldman discusses declining business investment and predicts lower job growth:
From Alhambra Partners, John Chapman analyzes the debate over Glenn Hubbard’s recent deficit and debt analysis. In The WSJ, Stephen Moore analyzes the Republican chances of losing the House. Undiscussed is the House GOP’s focus on budget balancing rather than strong growth measures.
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.
From Globe Asia, Steve Hanke advocates creating a gold-based currency board.
The WSJdebunks the Keynesian debate between European austerity and fiscal stimulus.
On C-CPAN, Steve Forbes discusses the dollar and taxes:
In The WSJ, Glenn Hubbard argues the President’s spending plans will require tax increases on all taxpayers. At Bloomberg, David Rocks links the euro’s surprising strength to the weak dollar. From Forbes, Allstate’s Tom Wilson argues the Fed needs a single mandate requiring price stability. On The Kudlow Report, Frederic Mishkin doubts Fed monetary creation will lead to increased inflation:
At Bloomberg, Francis Wilkinson critiques Art Laffer and Stephen Moore’s Rich States, Poor States.
From The WSJ, Art Laffer and Stephen Moore argue states without income taxes are economically healthier.
At Forbes, Steve Forbes urges Mitt Romney to defend free markets vigorously. In The WSJ, Mark Spitznagel explains how the Fed enriches the top 1%. On The Kudlow Report, David Malpass analyzes the slow recovery:
At Forbes, Peter Ferrara analyzes progressive economic fallacies. In The WSJ, Stephen Moore reports a Florida Tea Party dust up. From The Manhattan Institute, Diana Furchtgott-Roth explains that raising investment taxes will result in less investment and push capital overseas. At NRO, Larry Kudlow highlights the slow 2.5% growth rate. The NY Sunapplauds the Shadow Open Market Committee. At The Mises Institute, Frank Shostak doubts that Ben Bernanke saved the economy from another depression. From The Peterson Institute, C. Fred Bergsten argues for a lower dollar, tax increases (though not on businesses or incomes), and trade barriers on China unless it raises the yuan. Around 1:06, he suggests President Nixon’s 1971 import surcharge to “rebalance” world exchange rates was a success:
The Examinerreports US Rep. Eric Cantor (VA) citing supply-side economics in support of his small business tax cut bill. At The American, Steve Hayward doubts the instability of the oil-to-gold ratio.
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.
The WSJargues the Buffett Rule will reduce federal tax revenue.
Heritage highlights the Taxmageddon coming in 2013. From NRO, Larry Kudlow clarifies the Reagan record on tax hikes such as the Buffett Rule. At The WSJ, Mary Anastasia O’Grady discusses Reagan’s tax record:
ALEC releases Art Laffer’s state index of state economic competitiveness. From The American Spectator, Peter Ferrara and Stephen Moore oppose using equality to make tax policy. At Forbes, Louis Woodhill laments Spain’s tax increases on top of an already weak economy. NPR features Robert Mundell suggesting Iceland may do well to replace the krona with a large nation’s currency. On Hardball, Stephen Moore debates tax policy:
The NYTreports an initiative to make diamonds an investment commodity like gold. In The WSJ, Stephen Moore notes the President’s opposition to the DC school voucher program for low-income kids. At Forbes, John Tamny wonders why so many conservatives supported Rick Santorum. On MSNBC, Steve Forbes discusses Mitt Romney’s chances versus President Obama.
On Bloomberg, Mundell explains how to accept a Nobel Prize.
The NY Postexcerpts US Rep. Paul Ryan’s (WI) speech on tax competitiveness to the GW Bush Institute.
In The WSJ, Dan Henninger reports the Left’s attack on Ryan’s budget. On The Kudlow Report, Steve Forbes discusses the economy:
At Bloomberg, Caroline Baum opposes calls for higher inflation. From The Council on Foreign Relations, Benn Steil critiques the Volcker Rule. Reuters reports on China economic and currency liberalization initiatives. On C-SPAN, Stephen Moore discusses plans to raise tax rates:
From Heritage, John Stossel discusses media opposition to free market ideas.
From Forbes, Nathan Lewis suggests huge, permanent current account deficits are no problem.
IBDlinks the dollar’s foreign exchange value and the oil price.
At Forbes, Ike Brannon argues low taxes on capital gains and dividends are essential to productivity and wage growth.
On CNBC, former US Sen. Jim Talent (MO) discusses Mitt Romney’s ties to US Rep. Paul Ryan’s (WI) budget plan:
In The WSJ, Phil Gramm and Steve McMillin note the US has the most progressive tax system in the world.
At TGSN, Ralph Benko reports new data that suggests Milton Friedman drastically overestimated the gold standard’s cost.
From The Gatestone Institute, David Goldman links oil prices to the S&P.
At The American, James Pethokoukis highlights the weaken-than-expected March employment figures.
In Forbes, Peter Ferrara predicts the Supreme Court will strike down Obamacare.
The WSJquotes the great Henry Hazlitt on the dangers of even a mild inflation. In The WSJ, Ronald Coase and Nina Wang explain China’s success is due to liberalization not state control. On Forbes, Tim Worstall notes rumors of a currency union between Australia and New Zealand. In The WSJ, Antonis Samaras reports the dire effect on Greece of contraction plus austerity. In Forbes, Steve Forbes highlights the Chinese highway partnership between public and private sectors.
At Bloomberg, Forbes critiques the US Federal Reserve:
For at least three years, right-wing economists, pundits and politicians have been warning that runaway inflation is just around the corner, and they keep being wrong. Do you remember the tirades about “debasing the dollar” around this time last year? Do you remember the scorn heaped on Mr. Bernanke last spring when he argued that the bulge in inflation taking place at the time was just a temporary blip caused by gasoline prices and would soon recede? Well, he was right. At this point, inflation is once again running a bit below the Fed’s self-declared target of 2 percent.
At Fiscal Times, Bruce Bartlett suggests earmarks are less important than some conservatives suggest.
From Forbes, Louis Woodhill discounts the stock market against gold.
At The American, James Pethokoukis highlights a debate over economic growth. In The WSJ, Martin Feldstein hopes bond vigilantes will discipline Europe’s government spending. On The Kudlow Report, Art Laffer argues spending cuts would lead to stronger economic growth:
At Townhall, John Stossel promotes a free market in currency. Author Jeremy Hammond compares economic analyses from US Rep. Ron Paul (TX) and Keynesian Paul Krugman. The Houston Chroniclereports a speech by Art Laffer. From Newsmax, Steve Forbes predicts return to recession if the President is re-elected.
From The Atlas Sound Money Project, Nicolas Cachanosky critiques the government’s dollar management.
