Tuesday round up: Ranson argues gold has downgraded the dollar; Forbes and Reynolds critique S&P; Woodhill explains why tax increases don't work.

From Forbes, David Ranson argues gold, which closed above $1,750 today, confirms S&P’s downgrade.

On BBC, Steve Forbes calls the S&P downgrade a travesty.

From The Cato Institute, Alan Reynolds critiques S&P’s budget analysis.

At NRO, Larry Kudlow suggests Fed Chairman Ben Bernanke’s rate statement is QE3-lite and sparked today’s market rally, but notes dissension among Fed governors.

On The Kudlow Report, Wayne Angell notes the market turned down immediately after Bernanke’s statement:




The WSJ links the President’s call for higher taxes and more demand-side stimulus to the Dow’s recent fall.

From RCM, Louis Woodhill explains that taxing the rich doesn’t work.

At Alhambra Investments, Joe Calhoun says markets and politicians need to excise the idea that the Fed can rescue the economy and call for a stable gold price.

From yesterday on his blog, Scott Grannis argues the market may have reached bottom.

On Squawk Box, Steve Forbes blames the economy’s malaise on the weak dollar:




At TNR, Jonathan Chait reports Republican opposition to extending the payroll tax cut.

Also from TNR, James Galbraith argues there is no long-term deficit problem.

On Nothing But Truth, John Tamny explains how government action retards economic recovery:

Thursday update.

At Supply-Side Economics Today, historian and Econoclasts author Brian Domitrovic counters The WSJ’s argument that China should stop monetary sterilization.

On The Kudlow Report, Don Luskin discusses gold’s rise.



On Minyanville, Terry Yoo expresses disbelief at the Fed’s claim that inflation is too low.

At The Atlantic, Keynesian James Galbraith argues the national debt problem is over-stated.

Also on Kudlow, U.S. Rep. Cathy McMorris Rodgers (WA) outlines the Republican policy agenda. Sound money isn’t on the menu.



At The American Spectator, Frank Schell highlights the role of incentives in the economy.

On Asia Times, David Goldman outlines his investment recommendations.

At Big Government, Dan Mitchell calls on the President to eliminate unneeded programs.

Weekend round up.

Progressive James K. Galbraith explains the recession caused the high deficit.

Jon Stewart features Keynesian Nouriel Roubini arguing unemployment insurance is stimulative, while Stephen Colbert interviews Paul Krugman on austerity.

Fareed Zakaria praises Britain's spending cuts and tax increases.

Keynesian Joe Lazzaro believes supply-side economics has failed.

From the archives, Paul Craig Roberts discusses the breakdown of the Keynesian model.

Kati Suominem assesses the state of the dollar.

The Weekly Standard's Fred Barnes advises the GOP to follow Paul Ryan's policy road map.

Liberal Robert Reich argues income inequality caused the financial crisis.

CNN's Rick Sanchez mocks opponents of raising taxes on the rich.

The NY Times sees Turkey as a rising economic power.