From Forbes, Charles Kadlec sees tightening money
slowing growth. At NRO, Larry Kudlow suggests the dollar’s rise against
the euro is creating deflationary headwinds for the economy.
On Fox Business, Lew Lehrman notes the dollar tightening
since the end of QE2 (h/t: TGSN):
At Forbes, Louis Woodhill challenges the economic
philosophy behind President Obama’s view of government-created jobs.
The Heritage Foundation charts relative growth rates of
the private sector versus local, state and federal government.
At City Journal, Art Laffer argues for tax reform in
California.
In The WSJ, Edward Lazear argues the President can’t
blame his predecessor for the weak economy.
At C-SPAN, Bill Kristol suggests Republicans would be
better off without Ron Paul, but says he is “mildly pro gold standard” (h/t: Free
Banking):
On International Liberty, Dan Mitchell chides Jeb Bush
and Lindsey Graham for putting tax hikes on the table.
Reader Supported News reports Bernie Sander’s release of
Fed bailouts.
In The WSJ, Stephen Moore notes continued sugar
subsidies.
From Forbes, Louis Woodhill argues the proper gold price for
dollar relinking should be discovered by markets using transparent rules. On TGSN, Ralph Benko prefers a market mechanism to find the proper gold
price.
At RCM, John Tamny disputes myths about the long-term
unemployed.
On The Kudlow Report, David Goldman argues deflationary
risk is high:
The NY Sunrecounts the last time the Republican platform
supported a dollar convertible to gold.
On TGSN, Benko recounts the story of The Gold Bug. At Seeking Alpha, Jeffrey Rosen discusses the Laffer
Curve. On The Circle Bastiat, Joseph Salerno offers an
alternative explanation of the 19th century financial panics. The NYTreports China’s falling yuan (h/t: James
Pethokoukis). The Koch Foundation makes the case for economic freedom
in 60 seconds:
At The FT, Martin Wolf suggests low tax rates don’t align
with productivity and growth.
In The Washington Times, Richard Rahn debunks claims that JP Morgan’s loss proves the need for more financial regulation. On The Kudlow Report, Art Laffer discusses California’s tax hike plan. California Lt. Gov. Gavin Newsome sound surprisingly supply-side:
At Forbes, Ralph Benko highlightsDebacle by Grover Norquist and John Lott, Jr. From TGSN, Benko suggests Wonder Woman’s lasso is a parable for the gold standard. On International Liberty, Dan Mitchell parodies a recent Time magazine cover. At Seeking Alpha, Hale Stewart argues Keynesian stimulus, not supply-side economics, is what the economy needs.
From The WSJ, Alan Reynolds demolishes arguments for 70% tax rates on the rich (full text from Cato).
In The WSJ, Amar Bhide provides an excellent defense of the euro:
But here's the catch. Devaluation works its magic to the extent it doesn't trigger demands for wage hikes, even though a depreciating currency increases the price of imports and reduces the purchasing power of workers' incomes.
Now, individual employees might be susceptible to a money illusion and worry only about their nominal wages. But it isn't the demands of individual workers that make labor markets excessively rigid—it's unions and other such institutionalized players. Unions that won't negotiate pay cuts with employers are unlikely to allow devaluations to erode real wages through the back door. Indeed union contracts often contain protections against inflation....
Worse, devaluations clip the real incomes of those least able to afford the loss—the elderly who depend on their meager savings and pensions, low-wage employees who aren't unionized and lack valuable skills, and small businesses scraping along that don't get even a temporary boost to profit margins because they ply a purely local trade.
At Forbes, Brian Domitrovic explains the folly of investing in GM. In Human Events, John Hayward suggests a shift in the Left’s view of the Laffer Curve. On The Kudlow Report, US Rep. Ron Paul (TX) discusses the dollar and the economy:
At International Liberty, Dan Mitchell argues European austerity hasn’t been as severe as Paul Krugman suggests. The NY Sunrebuts Berkshire Hathaway’s Charles Munger on gold. In The Washington Times, Richard Rahn argues spending in Europe still increased during the recent debt crisis. From Alhambra Partners, Joe Calhoun sees some positive trends in the economy. On Fox Business News, Stephen Moore discusses state tax rates:
In The American Interest, Barry Eichengreen foresees declining use of the dollar in world commerce. From The WSJ, Justin Lahart suggests unemployment would be down to 7.1% without government spending cuts. At The NYT, Bruce Bartlett doubts rich people will relocate from the US if taxes go up.
From Liberty Law, Brian Domitrovic explains the damaging impact of Milton Friedman’s opposition to the gold standard and floating exchange rates.
In The WSJ, Don Luskin highlights the negative incentive effect of 2013’s tax rate increases. On The Kudlow Report, Stephen Moore debates Keynesian economics:
The WSJreports the decline in labor force participation to 1981’s level. At The American, James Pethokoukis suggests the true unemployment rate is 11.1%. IBDexplains that unemployment is substantially higher than the official number. In The WSJ, Holman Jenkins argues the best solution for the eurozone crisis is for Germany and other strong economies to withdraw and establish a new currency:
Can we admit now the simple lesson is against excessive debt? Don't be impressed by those who protest that Spain and Ireland were brought down by private-sector extravagance. If we've learned anything, in a debt crisis the distinction between public and private disappears. Too, a closer look shows the Irish state an intimate participant in Ireland's housing boom, collecting 40% of the price of every new home in taxes. In Spain, regional governments owned or controlled the lenders that financed the construction binge. A fixed exchange rate system is an especially unforgiving environment for a welfare state that destroys its ability to create wealth. But the universal lesson is: Don't be a welfare state that destroys its ability to create wealth.
In Forbes, Peter Ferrara argues Mitt Romney’s economic platform is practical versus the President’s extremism.
At The American, Pethokoukis refutes Paul Krugman’s claim that wealth inequality contributed to the credit boom. On International Liberty, Dan Mitchell notes an example of the Laffer Curve at work. At Forbes, Nathan Lewis examines how to modernize Social Security. From Bloomberg, James Grant discusses the Fed and markets:
In The NY Review of Books, Paul Krugman advocates higher deficits and inflation.
At Forbes, Brian Domitrovic explains the dollar’s gyrations damaging impact on the euro.
From Bloomberg, Obama economist Peter Orzag notes that the mortgage crisis destroyed the same amount of wealth as the dot-com bust and wonders why its result was so much more severe. Left out of his analysis is the Great Dollar Appreciation of 2008, which was a separate, economy-killing event from the initial mortgage bust.
At Streit Talk, Steve Hanke diagnoses the Eurozone’s travails, including Greece’s sharp deflationary environment.
On The Kudlow Report, Art Laffer debates the weak economy:
The NY Sunapplauds US Rep. Ron Paul’s recent TV debate with Paul Krugman as Hayek vs. Keynes. From Paper Money Collapse, Austrian economist Detlev Schlichter advises on how to debate Krugman (h/t: TGSN). At Fiscal Times, Liz Peek castigates Krugman for his pro-inflation bullying of Ben Bernanke. On Econlog, David Henderson defends Romney supporter Edward Conrad’s pro-wealth views from Krugman. In The Economist, Will Wilkinson critiques Stephen King’s call for tax increases. From First Trust, Brian Wesbury notes the economy’s slowing but remains optimistic. The NYTreports China’s vanishing current account surplus, but notes continued US pressure to revalue the yuan. On NRO, Kevin Hassett explains the negative impact on growth of policy uncertainty. From The WSJ, Dan Henninger notes the Obama Administration’s attempts to court young voters with handouts rather than growth and jobs:
At Econtalk, John Taylor discusses his new book, First Principles: Five Keys to Restoring America's Prosperity. TGSN recounts the Free Silver Movement’s history.
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 Forbes, Charles Kadlec highlights Obama economist Christina Romer’s scholarly writing on the negative impact of tax increases.
The WSJnotes a rising threat to Europe’s borderless trade policy.
In Forbes, Ralph Benko profiles Art Laffer and Stephen Moore’s Rich States, Poor States.
At The WSJ, Paul Gigot and Dan Henninger discuss the Netherland’s proposed tax increases and declining growth:
At RCM, John Tamny explains that economic fairness makes everyone poorer. From Alhambra Partners, Joe Calhoun remains moderately bearish on the world economy.
At Forbes, Grove City Prof. Mark Hendrickson highlights the Obama Administration’s interest in a global corporate tax (h/t: Future of Capitalism).
In Barrons, Stanford's John Taylor critiques Keynesian tax stimulus and advocates rules-based monetary policy. At TGSN, Ralph Benko argues gold offers the best rule for monetary stability. In The WSJ, Stephen Moore reports Republicans may not win retiring Sen. Kent Conrad’s (ND) seat. On The Kudlow Report, Tamar Jacoby debates Arizona’s immigration policy:
In The NYT Magazine, Paul Krugman urges Fed Chairman Bernanke to increase inflation. At The WSJ, Peter Diamond and Emmanuel Saez argue higher top tax rates will generate more federal revenue and not harm growth. USA Todaydredges up hoary misconceptions about the gold standard.
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 The WSJ, Grover Norquist argues tax increases on the rich trickle down to the middle class.
In The NY Sun, Ira Stoll suggests President Obama’s tax increase policy leaves him politically vulnerable.
At The WSJ, Stephen Moore reports the Buffett Rule’s defeat in the Senate but notes Democratic pledges to keep pushing it.
In The American, Steve Conover explains the Buffett Tax would hit older people disproportionately.
On The Kudlow Report, Mitt Romney discusses tax policy, the Fed, and oil:
At RCM, John Tamny criticizes Romney’s tax and monetary positions. In IBD, Art Laffer highlights the failure of California’s soak-the-rich approach. At The Washington Times, Richard Rahn explains the wealthy have great capacity to determine how much tax to pay. From Alhambra Partners, Joe Calhoun sees the market moderating in response to modest economic growth. The San Francisco Chroniclefeatures an Investopedia article that notes that as tax rates rise the rich may not work less but do find ways to offset their taxable income. From The Victory Corp, John Tamny discusses Herman Cain’s tax plan and Rick Santorum. At Reason, Shikha Dalmia suggests John Maynard Keynes may have been a closet supply-sider. In The NYT, Bruce Bartlett notes that businesses startups do create most new jobs but suggests tax cuts won’t do much to help.
From The Spectator (UK), Fraser Nelson highlights Sweden’s tax cutting success.
On Forbes, Charles Kadlec reviews Art Laffer’s new book on state tax competitiveness. In The WSJ, Mary Anastasia O’Grady explains how Ben Bernanke’s low dollar is damaging Brazilian exporters and creating political pressures for its government. At The WSJ, O’Grady discusses the Fed’s fear of incipient inflation:
At Forbes, Ralph Benko suggests obedience to authority helps explain Washington’s aversion to the gold standard. The WSJreports China widening the yuan’s trading range. From TWS, Bill Kristol rebuts the suggestion that President Reagan favored tax hikes on the rich. At Forbes, Brian Wesbury argues spending cuts are required to save America from a VAT. On The Kudlow Report, Larry debates the Buffett Tax vote with Jared Bernstein:
At Forbes, John Tamny critiques lotteries for funding larger government. In The NYT, Greg Mankiw suggests competition is good for governments too.
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.
