Tuesday round up: More Nixon Shock commentary; Perry attacks the Fed; Moore advocates a Kemp-style growth agenda.

More commentary on Nixon’s closing the gold window:

The Weekly Standard, Bill Kristol
Forbes, Charles Kadlec
Fox News, Ralph Benko
Forbes, Ralph Benko
Barron’s, Jude Wanniski (from 2001)
Lew Rockwell, Gary North
Mises.org, Jordi Franch
Capital Gains and Games, Bruce Bartlett

And on The Alyona Show, Ralph Benko discusses Nixon’s decision:




From Cato, Dan Griswold notes the Nixon Shock anniversary but praises the floating dollar:

Closing the gold window was arguably inevitable given the lack of monetary discipline by the U.S. central bank. By 1976, the dollar and other major currencies were floating freely, which has turned out to work rather well, as Milton Friedman predicted it would. It also turned out that pressure on the dollar to depreciate was not driven by speculators after all but by the surplus of dollars that had been created to finance the Vietnam War and the Great Society.

ABC reports Gov. Rick Perry (TX) suggesting more Fed easing would be treasonous.

On NRO, Larry Kudlow praises the substance of Perry’s remark.

At Reuters, Jim Pethokoukis contrasts Perry’s Fed comments with past comments by Gov. Mitt Romney (MA).

On The Kudlow Report, US Rep. Ron Paul (TX) discusses gold and Perry’s Fed comments:




At NRO, Katrina Trinko notes Romney’s shift towards a flat tax.

From The WSJ, Stephen Moore wonders if the GOP remembers Jack Kemp’s pro-growth message.

Future of Capitalism compiles responses to Warren Buffett’s tax increase advocacy.

IBD also weighs in. As does NRO’s Michael G. Franc.

On Fox Business News, Steve Forbes discusses returning to the gold standard:




At RCM, John Tamny warns against banning short sales.

On CNBC, John Carney suggests the political parties may be conspiring to kill Jude Wanniski’s two Santa Clauses.

At Bloomberg, NRO editor Ramesh Ponnuru advocates more loose money.

Also on Kudlow, a panel discusses Perry’s Fed remarks:




On NRO, US Rep. Thad McCotter (MI) describes America facing a Great Deflation but chastises the Fed for inflationary quantitative easing.

At The NYT, Bruce Bartlett argues the economy needs Keynesian demand-side stimulus.

Thursday summary: Woodhill argues for growth measures; Bernanke reverses on QE3; Malpass on the economy.

From Forbes, Louis Woodhill argues Republicans should argue for growth measures rather than spending cuts in the debt ceiling debate.

Reuters reports Fed Chairman Bernanke today backed away from QE3, leading to a dollar rise.

At NRO, Larry Kudlow supports Sen. Mitch McConnell’s (KY) debt proposal.

On The Kudlow Report, David Malpass debates the best path to strong growth:




At NRO, Michael Franc suggests the public doesn’t support higher taxes on the wealthy.

From Bloomberg, John Taylor argues the tax hike of 1991 didn’t cut the deficit but did cost George H.W. Bush a second term.

In US News, Robert Schlesinger notes the tax hikes of 1982 didn’t derail the economy.

On TGSN, Lew Lehrman explains how inflation affects people’s retirement plans:




From 1982, Jude Wanniski testifies against a balanced budget amendment.

At the progressive Talking Points Memo, Brian Beutler reports a CBO study showing the deficit disappears if the Bush tax cuts lapse along with modest spending restraint.

Tuesday round up.

On Bloomberg, supply-side guru Robert Mundell suggests the dollar soaring against the euro in 2009 and 2010 is responsible for the weak US economy, and predicts 2011 growth at two percent. He recommends a euro floor of $1.30. He also explains China’s interest rate hikes attract increased hot money flows but does nothing to raise its exchange rate value versus the dollar.

At Gold Seek Radio, Chris Waltzek interviews Steve Forbes on gold (play button towards the bottom).

On The Kudlow Report, Kellyanne Conway debates the President’s change of economic direction:




Pro-growth advocate and former-Godfather Pizza CEO Herman Cain is considering a run for President.

Rebelyid recounts the Mundellian policy mix, and the recent deviations from it.

On The Weekly Standard, Irwin Stelzer notes the rise of interest in sound money (hat tip: Ralph Benko):

All of which explains two important developments—the rise in the price of gold, and the sweeping gains by Republicans in the congressional elections. Gold opened the year at under $1,100 per ounce and is closing it at close to $1,400 per ounce. Despite substantial slack in production capacity, inflation expectations rose, and investors became worried about the long-term value of the dollar. Indeed, some economists are talking about the end of the era of fiat money and a return to the gold standard. The Federal Reserve Board is again printing money, and promises to print more if needed. With unemployment high, and the printing presses running at a rate that just might result in inflation down the road, talk of a return to the bad old days of Jimmy Carter and stagflation, or of a double dip recession, was heard in some boardrooms.

In The WSJ, Pete DuPont proposes spending cuts, reduced regulation, and improving Obamacare as Republican priorities.

From earlier this month, Cato’s Alan Reynolds notes the US is the world’s largest manufacturer.

On NRO, Heritage’s Michael G. Franc sees a loss of faith by entrepreneurs in the federal government.

From the archive, Milton Friedman analyzes the rise of capitalism in Dickensian England on NRO.

On C-SPAN, U.S. Rep. Ron Paul (TX) discusses his agenda, including Federal Reserve oversight.

At Forbes, Dean Zarras anticipates Paul’s tenure.