Tuesday items: Kadlec says gold will restore confidence; The LAT reports a possible debt and tax reform deal; Kudlow, Lowry and The WSJ oppose the Balanced Budget Amendment.

From Forbes, Charles Kadlec argues the gold standard is vital to restoring economic confidence.

The LA Times reports the Senate’s Gang of Six proposal to cut spending, eliminate tax expenditures, and reduce tax rates. One major problem: it would raise the capital gains tax from 15% to 20%.

On RCM, John Tamny reviews Peter Ferrara’s America’s Ticking Bankruptcy Bomb.

On The Kudlow Report, Larry Kudlow notes supply-siders’ objections to the Balanced Budget Amendment:




The WSJ editorializes against the Balanced Budget Amendment; NRO editor Rich Lowry also opposes it.

At The Washington Times, Richard Rahn argues regulation is stifling innovation.

IBD features Thomas Sowell’s Senate testimony on taxes.

On Hardball, Chris Matthews loses his cool over Grover Norquist’s refusal to accept tax hikes:




Canada’s Business News Network features an interesting debate with John Mueller and Professor Robert Barsky on the gold standard.

At The Washington Post, Ezra Klein defends Keynesianism.

In The New Yorker, George Packer highlights the problem of cutting social programs during high unemployment:

Representative Paul Ryan’s ten-year budget plan, which remains his party’s blueprint for the future, would impose a fifty-per-cent cut on programs like food stamps and Supplemental Security Income, which, as long as Danny Hartzell remains jobless, represent the Hartzells’ only income. By the last day of June, the Hartzells had twenty-nine dollars to their name.

Tuesday round up.

On Forbes, Charles Kadlec predicts price inflation.

Also at Forbes, Brian Domitrovic notes that 19th century tariffs were limited by consideration of diminishing returns.

From The Kudlow Report last week, David Goldman suggests the dollar is falling which means inflation:



At The Heartland Institute, Matt Warner interviews Judy Shelton on the dollar.

On TGSN, Kelly Hannon notes gold-backed currency’s role in restraining government debt.

At Alhambra Investments, Joe Calhoun wonders if the dollar has lost its safe haven status.



From the archive, USA Gold runs an interesting summary of supply-side guru Robert Mundell’s views.

McKinsey Quarterly explains that China exports less than some data suggest.

Courtesy of RCP, Chris Matthews is annoyed that Americans revere President Reagan most.

Tuesday items.

John Tamny explains that in recession, the money supply should contract.

On CNN, Steve Forbes debates Mort Zuckerman on tax cuts.

At The Kudlow Report, Forbes takes on Howard Dean.

From Fox News Sunday, Brith Hume defends lower tax rates.

U.S. Rep. Paul Ryan (WI) explains taxes and deficits to Chris Matthews.

Cato's Alan Reynolds disputes the one-job-for-every-five-applicants claim.

The Weekly Standard's Matthew Continetti correctly advocates a pro-growth agenda but omits the unstable dollar from his analysis.

Peter Beinhart marches to the progressive drum on tax hikes and deficits.

Supply-side critic Jonathan Chait advises congressional Democrats to extend middle class tax cuts only, forcing Republicans to filibuster, thereby restoring Clinton era tax rates.

In a 2008 paper, White House advisor Christina Romer and her husband find tax cuts to be stimulative.