Weekend update.

At NRO, Larry Kudlow suggests the dollar’s decline is causing Egypt’s food riots and destabilizing the developing world.

From 1998, Jude Wanniski recounts how the 1970s weak collar caused revolutions in Iran and Iraq.

On The Kudlow Report, Don Luskin assesses the world inflation situation and how it will impact the U.S.:




At Asia Times, David Goldman recommends buying oil stocks.

On Fox Business News, David Malpass discusses Egypt.

Steve Forbes delivers a superb address at the Reagan Library, including a substantial discussion of the dollar and gold:



At Forbes, Nathan Lewis explains that gold-backed currency is the most stable and reliable.

The NY Sun editorializes on the recent decline in gold.

At Asia Times, David Goldman notes that U.S. exports to China are one of the economy’s few bright spots:



From AEI, John Makin examines the prospects of the yuan becoming a world currency.

The Asian Financial Forum releases a summary of Robert Mundell’s recent speech.

On Alhurra TV, Steve Forbes discusses how to create more jobs (the opening is in Arabic but the interview is in English):



In Forbes, Reuven Brenner reports on Federal Reserve bookkeeping.

From City Journal, Nicole Gelinas makes a strong argument for a 21st century Reaganomics.

The WSJ analyzes the Financial Crisis Inquiry Report:

The questions to which Americans need answers are: Why did the pursuit of riches lead to catastrophe in 2008, and why was the crisis concentrated in housing and the mortgage-securities markets?

Democrats on the commission mention the role of Federal Reserve monetary policy in creating a credit bubble, but they spend far more time arguing that the Fed should have prevented the consequences of this subsidy for financial products with heavier regulation of lending. But when have regulators ever in history had the wit or will to stop a credit-fueled financial mania? Read your Kindleberger, guys.

Also in The Journal, Stephen Moore recounts conservative disappointment at Mike Pence’s decision not to run for president.

Cato’s Dan Mitchell notes the Laffer Curve effect of tax changes in France.

Friday update.

David P. Goldman analyzes today’s unemployment report.

The Heritage Foundation’s Brian Riedl looks at federal spending.

AEI’s John Makin says fiscal discipline must be shared across a currency union.

Recently, though, Robert Mundell explained: “I don’t see how the economic crisis in Greece would affect the euro. This is a fiscal problem, not a problem of the euro. If California has a fiscal problem, this is a problem of California, not a problem of the dollar."

Paul Krugman supports the Left’s growing pro-growth contingent, against fiscal austerity.

Steve Hanke thinks Krugman is wrong on spending.

Australia’s Clarke and Dawe offer an economic satire.

Paul Volker pens a long economic analysis at the NY Review of Books.

Regarding Volcker – especially his performance in 1981-82 -- supply-siders are generally critical, see here, here, here, here, here and here.

Market think tanks and SSE.

From CATO, William Poole takes the contra supply-side view that benign neglect of the dollar has been a good thing.

AEI's Arnold Kling disputes supply-side contentions that growth can solve our budget problems.

Also at AEI, John H. Makin says exchange rates pegs are folly.

On the plus side, Nobel Laureate James Buchanan calls for the constitutionalization of money, from CATO.