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 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.
The WSJdefends US Rep. Paul Ryan’s (WI) budget plan from the President’s strong attack.
On PBS, Dan Mitchell debates Ryan’s budget but focuses on spending restraint rather than economic growth:
At TGSN, Ralph Benko highlights the sound money writing of Romney advisor Glenn Hubbard. On GoldSeek, Scott Silva contrasts President Reagan’s economic record with President Obama’s. In The Boston Globe, Jeff Jacoby criticizes the US tax code. The Economist reports on Somalia’s bizarre currency situation. In The Star-Ledger (NJ), Alan Reynolds suggests the federal minimum wage has damaged low skill workers. From Bloomberg, Steve Forbes discusses the weak dollar’s impact on the economy:
The Chicago Tribunereports failure to pass Mississippi’s tough immigration reform.
American Rhetoric presents Calvin Coolidge’s inaugural speech (h/t: Amity Shlaes).
In The WSJ, Kevin Hassett and Glenn Hubbard analyze the candidates’ corporate tax reform plans.
The NY Sunargues monetary policy is driving high oil prices.
From First Trust, Brian Wesbury sees no sign of QE3 coming.
On The Kudlow Report, Larry discusses the GOP race after Rick Santorum’s victories in Alabama and Mississippi:
At TGSN, Ralph Benko reprints Lawrence White’s argument that the US has enough gold to transition to the classical gold standard. From NWE, Nathan Lewis counters the claim that the classical gold standard limited current account deficits. On CNBC, Steve Forbes discusses the GOP candidates.
At Reuters, Chris Papagianis notes three disturbing trends in commercial banking.
At NRO, Larry Kudlow reports Mitt Romney will propose a bolder tax cut plan.
On The Kudlow Report, Glenn Hubbard discusses the Romney tax plan, including “cutting the corporate tax to 25%; eliminating the added tax burden on firms to bring overseas profits home; eliminating the corporate AMT and making the R&D credit permanent. On the individual side, a 20% cut across the board in marginal tax rates; eliminate the alternative minimum tax as well.”
At NRO, Doug Holtz-Eakin finds problems with the President’s proposal to cut the corporate tax rates.
From Forbes, Brian Domitrovic notes the rosy economic growth assumptions underlying the President’s budget.
The WSJcritiques the President’s plan to triple the tax on dividends.
In The WSJ, Benn Steil notes the Fed’s poor record of forecasting inflation.
From Alhambra Partners, Joe Calhoun worries inflation will undermine the recovery.
At First Trust, Brian Wesbury suggests stocks are still cheap.
From Newt.org, Newt Gingrich provides an interesting analysis of the US energy potential, but omits the dollar from his analysis:
On NRO, Reihan Salam examines declining labor force participation.
At The NY Sun, Ira Stoll reviews Allan Meltzer’s new book defending capitalism.
In The WSJ, Austan Goolsbee notes some of America’s uncounted trade surplus items.
From The Laffer Center, the excellent Brian Domitrovic argues the Federal Reserve pursues a third policy mandate (beyond price stability and low unemployment), of accommodating the federal debt.
On Forbes, Domitrovic advises the President to pursue tax reform.
In The Washington Times, Richard Rahn challenges tax hike advocates.
On The Kudlow Report, David Goldman says the US economy is in good shape and northern Europe will fence off southern Europe to prevent financial contagion:
At Café Hayek, Don Boudreaux responds to Romney advisor Glenn Hubbard’s statement that, “Nobody who is taken seriously as an economist is going to say ‘cancel the Fed.’”
From Human Events, Burton Folsom, Jr sees parallels between today’s China currency pressure and Smoot-Hawley.
In The WSJ, Obama economist Austan Goolsbee argues the euro has damaged southern Europe:
Northern Europe has fueled its growth through exports. It has run huge trade imbalances, the most extreme of which with these same Southern European countries now in peril. Productivity rose dramatically compared to the South, but the currency did not. This explains at least part of the German export and manufacturing miracle of the last 12 years. In 1999, exports were 29% of German gross domestic product. By 2008, they were 47%—an increase vastly larger than in Italy, Spain and Greece, where the ratios increased modestly or even fell.
Germany's net export contribution to GDP (exports minus imports as a share of the economy) rose by nearly a factor of eight. Unlike almost every other high-income country, where manufacturing's share of the economy fell significantly, in Germany it actually rose as the price of German goods grew more and more attractive compared to those of other countries. In a key sense, Germany's currency has been to Southern Europe what China's has been to the U.S.
From Alhambra Investments, Joe Calhoun analyzes the European debt crisis.
At RCM, John Tamny suggests California will make a comeback when the dollar is stronger.
On Kudlow, David Malpass advocates for pro-growth policies in Europe:
On NRO, John Berlau reports Republican support for Sarbanes Oxley.
The Economistnotes the Congo’s currency rising against the dollar.
From The Des Moines Register, Rich Danker suggests the S&P debt downgrade is the inevitable result of leaving the gold standard 40 years ago.
The LA Timesreports growth advocate Tim Pawlenty’s withdrawal from the Republican presidential race.
At NRO, Larry Kudlow interviews Sen. Pat Toomey (PA) about a grand bargain on the debt and taxes.
On The Kudlow Report, James Pethokoukis analyzes the GOP debate:
At RCP, US Rep. Ron Paul (TX) advocates a gold standard at last week’s GOP debate.
On The Washington Monthly, Steve Benen expresses astonishment that the gold standard is being discussed by Republican candidates.
From Forbes, Peter Ferrara predicts the end of loose monetary policy, combined with new Obamacare taxes and the Bush tax rates’ expiration, will cause an economic collapse in 2013.
On Fox Business News, Steve Forbes suggests bond yields will rise due to higher borrowing and the low dollar:
In The WSJ, Glenn Hubbard advocates tax reform to get the economy moving.
On The American Spectator, John Berlau chides Europe for suspending short sales.
At New World Economics, Nathan Lewis ties tax and monetary error to the rise and fall of great nations.
On CNN, Paul Krugman wishes for an alien invasion that would justify increased government spending and expansionary monetary policy.
The Washington Postreports that after months of deficit obsession, the House Republican majority looks vulnerable.
At Forbes, Reuven Brenner suggests educational reform to get the US growing again.
Reasonasks various experts how to fix the economy. Only Amity Schlaes zeroes in on monetary reform as the top priority. Notably, former supply-sider Bruce Bartlett argues the US is in a Keynesian liquidity trap requiring inflation and increased government spending.
The Washington Postreports the House of Representatives has voted to raise tariffs on China if it doesn’t raise its currency's value.
At Zero Hedge, Tyler Durden lashes the “House of Idiot Representatives.”
At Café Hayek, Don Boudreaux comments here, here, and here.
On The Kudlow Report, former GW Bush advisor Glenn Hubbard and China basher Peter Navarro discuss the need to improve U.S. exports through a lower dollar relative to the yuan:
At Smart Money, Don Luskin worries the China tariffs could trigger a trade war on par with Smoot-Hawley.
From 1999, Jude Wanniski argues the Smoot-Hawley tariff caused the Great Depression.
At The Financial Post, Alan Reynolds responds to income inequality claims:
At NRO, Larry Kudlow critiques the Fed’s monetarist policy.
On Asia Times, David Goldman suggests China’s slow accumulation of gold will help keep U.S. interest rates low.
At The WSJ, Stephen Moore examines the middle-class impact of expected tax increases.
At the National Center for Policy Analysis, Bob McTeer reports a recent Art Laffer comment:
I was on a program recently with Arthur Laffer, who said some things about the Laffer Curve that I wasn’t fully aware of. There was no handout, but, as I recall, he said that careful examination of IRS tax records indicates that below the highest income levels there is no Laffer-Curve effect i.e., marginal tax-rate reductions at those levels would not fully pay for themselves. On the other hand, at the highest income level, there is a strong Laffer-Curve effect, since “the rich” can afford accountants and tax lawyers to avoid or defer taxes.
Also at The Journal, Moore suggests the current Congress is responsible for rising deficits.
In Australia, Steve Forbes advocates a flat tax or reduction of the top tax rate.
UK Telegraph columnist Ambrose Evans-Pritchard regrets supporting the Fed’s monetary expansion.
