Showing posts with label Newt. Show all posts
Showing posts with label Newt. Show all posts

Thursday, January 19, 2012

Thursday summary: Blom and The NY Sun applaud Newt's gold commission; Mitchell, IBD and Woodhill on Romney; Moore on Paul.

In The NY Sun, Andresen Blom suggests Newt Gingrich has a crucial wedge issue in his gold commission.

Also in The NY Sun applauds Gingrich’s gold commission idea but recommends moving beyond the commission to outright advocacy.

The WSJ validates Gingrich’s food stamp critique of President Obama.

At NRO, Larry Kudlow wonders whether Gingrich can highlight growth ideas over his personal issues.

On The Kudlow Report, Steve Forbes discusses Gingrich’s candidacy:



IBD defends the tax rate Mitt Romney pays.

On International Liberty, Dan Mitchell rebuts criticism of Romney’s tax payments.

In Forbes, Louis Woodhill argues companies like Romney’s Bain Capital are the alternative to bankruptcies and bailouts.

On Fox Business News, Stephen Moore discusses Ron Paul’s call to eliminate the income tax:



The Economist suggests the US/China trade deficit won’t be improved by appreciating the yuan.

Wednesday, January 18, 2012

Wednesday items: Newt proposes gold commission; Domitrovic on Romney at Bain; Jenkins on the financial meltdown.

Big news: The Weekly Standard reports Newt Gingrich advocates a gold commission:



The WSJ argues Mitt Romney should use news of his 15% tax rate to argue for fundamental tax reform.

At Forbes, Brian Domitrovic explains the economic context of Romney’s work at Bain Capital.

On The Kudlow Report, James Pethokoukis discusses Gingrich’s rise in the polls:



At RCM, John Tamny suggests Ben Bernanke was right in 2006 for wanting the Federal Reserve to let the mortgage market unwind.

In The WSJ, Holman Jenkins examines the causes of the 2008-09 financial meltdown, but omits Robert Mundell’s claim that the rapid 30% dollar appreciation in summer 2008 was the central factor.

On The Daily Beast, David Frum defends the 15% capital gains rate.

Futureofcapitalism rebuts The NYT on the capital gains tax rate.

On The Mike Rosen Show, Cato’s Alan Reynolds critiques Ronald McKinnon’s call for a wealth tax.



At IBD, Walter Williams notes the inequality of wealth creation as opposed to income.

From Fox News, David Pietrusza cites Calvin Coolidge on marginal tax rates:
If we had a tax whereby on the first working day the Government took 5 per cent of your wages, on the second day 10 per cent, on the third day 20 per cent, on the fourth day 30 per cent, on the fifth day 50 per cent, and on the sixth day 60 per cent, how many of you would continue to work on the last two days of the week?
From Alhambra Partner, Joe Calhoun worries at bullish sentiments.

At TGSN, Ralph Benko argues mismanagement of the gold standard led to the Great Depression.

On NRO, Jim Manzi considers how to cut marginal tax rates on the poor.

In The WSJ, actor Rick Moranis satirizes modern economic theories.

Sunday, January 8, 2012

Weekend edition: Ferrara on Romney's plan; Gingrich on sound money; Hassett on Santorum's tax plan.

From Forbes, Peter Ferrara suggests Mitt Romney’s economics plan is too timid to win.

In his column, Larry Kudlow advocates a bolder Republican growth message.

The Manchester Union-Leader praises Newt Gingrich’s economic plan.

On C-SPAN, Gingrich cites sound money (at 32 and 35 minutes) at the top of his list of economic priorities, and on Larry Kudlow's radio show cites the dollar again (at 22 minutes).

Yahoo News notes Gingrich’s ability to learn quickly from audiences on the stump.

At NRO, AEI’s Kevin Hassett critiques Rick Santorum’s tax plan.

On The Kudlow Report, Stephen Moore discusses the latest unemployment numbers:




The WSJ analyzes the lower workforce participation rate.

At The American, James Pethokoukis examines the latest unemployment numbers.

The NY Sun dismisses the Fed’s latest initiative to publish the interest rate forecasts of its individual members.

In The NYT, Eammon Fingelton argues Japan is in pretty good shape, and notes its large current account surplus despite a massive rise in the yen’s foreign exchange value.

At The Atlantic, Megan McArdle notes that when loss of benefits and tax credits are accounted for, America’s working poor pays the highest marginal tax rates.

In The NYT Magazine, Adam Davidson explains that Europe’s larger problem is its weak growth rates for decades.

At The WSJ, Cato’s Dan Griswold argues Republicans have missed the economic benefits of immigration:




From New World Economics, Nathan Lewis discusses gold standard operating mechanisms.

The NYT reports US manufacturing’s surprising strength.

In The NYT, Bruce Bartlett examines the federal debt.

Also in The Times, Paul Krugman correctly argues that government debt is irrelevant with faster economic growth but ruins it by suggesting spending stimulus will lead to higher growth.

Weekend edition: Ferrara on Romney's plan; Hassett on Santorum's plan; The Union-Leader on Gingrich's plan.

From Forbes, Peter Ferrara suggests Mitt Romney’s economics plan is too timid to win.


In his column, Larry Kudlow advocates a bolder Republican growth message.

The Manchester Union-Leader praises Newt Gingrich’s economic plan.

Yahoo News notes Gingrich’s ability to learn quickly from audiences on the stump.

At NRO, AEI’s Kevin Hassett critiques Rick Santorum’s tax plan.

On The Kudlow Report, Stephen Moore discusses the latest unemployment numbers:




The WSJ analyzes the lower workforce participation rate.

At The American, James Pethokoukis examines the latest unemployment numbers.

The NY Sun dismisses the Fed’s latest initiative to publish the interest rate forecasts of its individual members.

In The NYT, Eammon Fingelton argues Japan is in pretty good shape, and notes its large current account surplus despite a massive rise in the yen’s foreign exchange value.

At The Atlantic, Megan McArdle notes that when loss of benefits and tax credits are accounted for, America’s working poor pays the highest marginal tax rates.

In The NYT Magazine, Adam Davidson explains that Europe’s larger problem is its weak growth rates for decades.

At The WSJ, Cato’s Dan Griswold argues Republicans have missed the economic benefits of immigration:




From New World Economics, Nathan Lewis discusses gold standard operating mechanisms.

The NYT reports US manufacturing’s surprising strength.

In The NYT, Bruce Bartlett examines the federal debt.

Also in The Times, Paul Krugman correctly argues that government debt is irrelevant with faster economic growth but ruins it by suggesting spending stimulus will lead to higher growth.

Friday, January 6, 2012

Thursday summary: Domitrovic on Gingrich, Hoffmeister and Pethokoukis on Romney; Mitchell on the VAT tax.

From RCM, Brian Domitrovic applauds Newt Gingrich’s supply-side agenda.

On Forbes, Paul Hoffmeister argues Mitt Romney can’t solidify the GOP base without adopting a supply-side agenda.

At The American, James Pethokoukis defends Romney’s pro-growth credentials.

On CNBC, a panel debates Romney vs. Santorum:



In The WSJ, Stephen Moore wonders if Rick Perry can make a comeback.

At Forbes, Louis Woodhill analyzes how the various candidates’ will fix the economy.

In The WSJ, Dan Mitchell critiques Romney’s support for a Value Added Tax.

At RCM, John Tamny debunks budget deficit claims.

On Kudlow, James Pethokoukis discusses rumors the Obama Administration will bail out mortgage holders:



In The American Spectator, Lew Lehrman links the budget deficit to the paper dollar.

The Weekly Standard reports Bill Kristol and Sen. Rand Paul (KY) discussing a gold commission.

From YouTube, Louis Woodhill provides an interesting discussion of money, taxes and growth:



From First Trust, Brian Wesbury acknowledges excessive optimism about 2011 economic growth.

The NYT reports US income mobility is worse than in Western Europe and Canada.

Wednesday, January 4, 2012

Tuesday items: Kadlec on Romney's monetary vulnerability; Benko and Blom on gold and the GOP; Ferrra on stable money.

From Forbes, Charles Kadlec argues Mitt Romney’s China currency position is his Achilles Heel.

In Roll Call, Ralph Benko and Andresen Blom argue support for the gold standard will move votes in the GOP primary.

At Forbes, Peter Ferrara pens a terrific defense of a sound and stable dollar.

On The Kudlow Report, Larry discusses Newt Gingrich with a New Hampshire Union-Leader editor:



At The American, James Pethokoukis cites this blog in his analysis of the future of supply-side economics (thanks James).

In The Washington Times, Richard Rahn suggests federal policy has pushed initial public offerings out of America.

From last week, Larry Kudlow covers Art Laffer’s endorsement of Gingrich.

At First Trust, Brian Wesbury sees more good than bad in the 2012 economy.

In The WSJ, Andy Kessler notes the rise of mass market luxury goods.

From last week on Kudlow, Steve Forbes and James Pethokoukis discuss the GOP tax plans:




In Forbes, Nathan Lewis imagines a healthier financial system.

From The Tribune (PK), Zain Raza analyzes the negative impact moving from the gold standard to the dollar standard on Pakistan (h/t: TGSN).

Monday, January 2, 2012

Holiday week round up: Gingrich adopts a strong supply-side agenda and Laffer endorses; Ferrara on the President's Osawatomie, KS speech; Domitrovic on the Fed's third mandate.

From The WSJ, Newt Gingrich outlines his supply-side agenda including monetary reform:
Second, the dollar needs to be stabilized by establishing a price rule for the Federal Reserve to follow in its conduct of monetary policy. This will help stabilize international exchange rates, resolve the ongoing cycles of global financial crises and investment bubbles, short-circuit the run-up in gas and food prices, and unlock the frozen credit system.
On The Kudlow Report, Gingrich discusses his plan:



Human Events reports Art Laffer and Michael Reagan endorsing Newt Gingrich’s supply-side plan.

At Forbes, Steve Forbes argues President Obama will be a one-term president.

From Forbes, Peter Ferrara critiques the President’s attack on supply-side economics.

On Fox News, Laffer discusses his support for Gingrich:

 

From Forbes, Brian Domitrovic suggests the Federal Reserve has a third, secret mandate to fund the government’s debt.

On CNBC, John Carney cites Jude Wanniski’s Two-Santa Theory to criticize Republican handling of the payroll tax holiday.

At IBD, Walter Williams rebuts China bashers.

From Human Events, Larry Kudlow profiles US Rep. Paul Ryan (WI) as man of the year.

At Forbes, Bret Swanson critiques the Obama Administration’s focus on increasing consumption.

On Kudlow, Steve Forbes discusses the GOP race:



From TGSN, Larry White explains how to transition to a gold-linked dollar.

In The WSJ, Robert Guest outlines the positive contribution high-skill immigrants make to the US economy.

On Forbes, Louis Woodhill suggests the payroll tax holiday is bad for the economy.

At TGSN, Ralph Benko quotes Isabel Patterson on Isaac Newton’s role in defining the British pound as a weight of gold.

On The Larry Parks Show, The American Principles Project’s Sean Feiler discusses the weak dollar’s role in workers’ declining wages.

From Bloomberg, Robert Mundell applauds the ECB’s recent monetary expansion:


The WSJ profiles Gov. Romney, noting possible support for a Value Added Tax.

At TGSN, Ralph Benko wishes the Federal Reserve happy birthday.

In The WSJ, Stanford’s John Taylor argues for tax rate stability.

Thursday, December 15, 2011

Thursday items: Malpass on the rising dollar; Shlaes on austerity; Forbes on NR's opposition to Newt.

From Forbes, Chris Barth reports David Malpass argues the dollar should rise due to tighter money, not the falling euro.

In Bloomberg, Amity Shlaes challenges Paul Krugman on fiscal austerity.

A reader comments:
Amity Schlaes pens an austerity-can-lead-to-growth op-ed, dismissing Paul Krugman's call for more Keynesian spending, but commits a startling error:
...There is evidence that austerity did lead to growth in the past, and that it did not cause fascism. These examples may be less known, but they suggest that austerity can bring recovery faster than spending can.

A strong example in U.S. history is the recession of the early 1920s. Responding to a downturn, the federal government didn't spend; it cut itself in half. Recovery followed so rapidly few people even remember that recession.
Brian Domitrovic has written how there was virtual consensus between Presidents Wilson's and Harding's money men on reducing top marginal rates before the election, so how could Shlaes forget Mellon’s tax cutting agenda that kicked off the Roaring Twenties? The Revenue Act of 1921 brought the top marginal tax rate down to 58% in 1922 from 73%, and with subsequent reductions, Mellon was able to get that top tax rate down to 25% by 1925. The austerity of the 1920s did not take place without efforts to foster economic growth. In this, Shlaes was sloppy.

On NRO, Larry Kudlow reports Senate Minority Leader Mitch McConnell (KY) pushing for the Keystone Pipeline in exchange for the payroll tax cut.

On The Kudlow Report, Steve Forbes discusses National Review’s editorial opposing Newt Gingrich:



From Forbes, Louis Woodhill argues pro-growth policies explain Gingrich’s rise.

At The American, James Pethokoukis suggests Gingrich’s Iowa lead is softening.

In The American Spectator, Ben Stein predicts President Gingrich and Vice President Huntsman.

At The WSJ, Dan Henninger portrays Gingrich as Mitt Romney’s sparring partner, toughening the former governor up to debate President Obama.

On NRO, Elise Jordan sees Jon Huntsman failing to capitalize on recent opportunities.

At Forbes, Jerry Bowyer highlights the role of interest rates to functional economic and financial systems.

From First Trust, Brian Wesbury predicts unemployment will be down to 8% by Election Day.

On The WSJ, Steve Cortes argues the Chinese economic model won’t work in the long run:



In The WSJ, conservative Keynesian Martin Feldstein pans the Eurozone economic deal.

On C-SPAN, PIIE’s C. Fred Bergsten – Keynesian and key intellectual driver of the 1970s dollar devaluation and subsequent Great Inflation – argues more American jobs will come from rebalancing world trade by lowering the dollar’s exchange rate to a competitive level (around minute 13).

Wednesday, December 14, 2011

Wednesday round up: Stoll, Bolduc and Costa on Gingrich; Jenkins on Romney; CNN reports the euro falling below $1.30.

From The NY Sun, Ira Stoll suggests Newt Gingrich has surged in part because his tax policies are superior to Mitt Romney’s.

In The WSJ, Holman Jenkins Jr. argues the nation needs a problem solver like Romney.

At NRO, Brian Bolduc reports that Gingrich saw supply-side economics' political potential early, but wasn’t deeply interested in the economic details.

On The Kudlow Report, Robert Costa discusses US Rep. Paul Ryan's (WI) critique of Gingrich for not edorsing unpopular entitlement reforms:



CNN notes the euro falling below $1.30.

The WSJ highlights the rise of regulation under the current administration.

At Forbes, Bill Flax argues pending tax increases and regulation are strangling business.

In IBD, Jim Gilmore proposes interesting pro-growth ideas but omits dollar stability.

On CNBC, John Carney cites Jude Wanniski’s view that budget deficits should be considered relative to the total size of the economy.

From First Trust, Brian Wesbury and Robert Stein see the economy improving and doubt the Fed will enact QE3.

On CNN, Stephen Moore argues unemployment benefits go on too long:



At The Freeman, the late great Julian Simon supports immigration.

In The Washington Post, Charles Lane highlights conservative Keynesian Martin Feldstein’s long-standing opposition to the euro.

From the archive, Feldstein advocates dollar “competitiveness” via a lower exchange rate.

Tuesday, December 13, 2011

Monday items: Kudlow, Benko and Ruddy on Newt; Mundell on a world central bank; Rago defends Romney's work at Bain.

From NRO, Larry Kudlow praises Newt Gingrich’s supply-side rhetoric and wonders if Mitt Romney will counter with a more robust fiscal package.

On The American, James Pethokoukis suggests Romney may be moving towards more tax reform.

In Forbes, Ralph Benko applauds Gingrich’s populist, progressive conservatism.

At Newsmax, Christopher Ruddy cites Gingrich’s supply-side history as proof of his conservative bona fides.

On The ASEAN Business Report, Robert Mundell advocates a world central bank, starting with a common currency for the Eurozone and US:

 

At The American Spectator, Ralph Reiland suggests the President’s policies threaten a repeat of the Great Depression.

From Cato, Alan Reynolds notes the payroll tax holiday heavily benefits upper income earners.

On RCM, Bill Frezza distinguishes between crony capitalists and market capitalists.

At RCM, John Tamny argues energy production jobs won’t lead to prosperity.

On The WSJ, Joe Rago defends Mitt Romney’s work at Bain Capital.

Also from The WSJ, my old boss US Rep. Ed Royce (CA) argues for reform of Sarbanes-Oxley and Dodd-Frank:

 

The WSJ reports progress on easing restrictions on high-skilled immigrants.

Wednesday, December 7, 2011

Wednesday items: The Wash Post reports the President's assault on SSE; Ferrara responds; Pethokoukis on inequality.

The Washington Post reports the President claiming supply-side economics has never worked.

In The American Spectator, Peter Ferrara says the President is pitting the takers against the makers.

At Forbes, Bill Frezza rebuts Robert Reich.

On The Kudlow Report, a panel discusses the Gingrich vs. Romney race:



At The American, Alex Brill explains that the payroll tax holiday is bad policy.

The WSJ notes the tax increase support from Governors Cuomo and Brown.

From The American, Bret Swanson argues the FCC restrictions of the AT&T-Mobile wireless merger will damage jobs and innovation.

The WSJ notes possible changes in the Basel III rules.

On Kudlow, James Pethokoukis discusses income inequality:



At Forbes, Brian Domitrovic chides the press for its coverage of Herman Cain.

Tuesday, December 6, 2011

Tuesday update: Mundell on the 20th century; Reynolds on the top 1%; Gingrich on supply-side economics.

50,000 Page Views.
We’re pleased to announce that yesterday this site reached 50,000 page views since its founding in May 2010. When setting goals for 2011, we set that target as a goal, so it’s gratifying to achieve it. To be sure, this number is a small fraction of the hits for big web sites, but this is a part-time site that has grown without much promotion. Thanks for reading.
-------------------------

From his 1999 Nobel lecture, Robert Mundell provides a fascinating monetary history of the 20th century.

In The WSJ, Alan Reynolds notes the recession’s disproportionate impact on the top 1%.

On Forbes, Ralph Benko credits Robert Mundell with China’s recent economic success.

At RCM, John Tamny critiques the Fed’s latest easy credit maneuver.

On The Kudlow Report, Newt Gingrich advocates major tax reform, cites Peter Ferrara, Jude Wanniski, and Art Laffer, and refers to himself as part of Jack Kemp's "supply-side cabal":



In The Washington Examiner, Conn Carroll notes conservative interest in Jon Huntsman.

From Alhambra Partners, Joe Calhoun surveys the market.

At Asia Times, David Goldman argues Italy’s mix of spending cuts and tax increases doom it to stagnation.

On Forbes, Charles Kadlec critiques European austerity measures.

In The Hill, Republican lobbyist (and former congressional colleague) John Feehery advocates less focus on “no new taxes,” and more focus on a pro-growth tax system.

From SNL, “President Obama” lists anti-tax activist Grover Norquist as the nation’s second most powerful entity:



In The NYT, Bruce Bartlett suggests tax hikes on the wealthy are inevitable.

At COAL, Paul Krugman notes Germany’s huge export boom since the euro was established.

Monday, December 5, 2011

Monday update: Chapman on Europe; Pethokoukis on Huntsman; Brenner on corporate taxes.

India’s Free Press argues gold-backed currency is best for the common person (h/t: Ralph Benko).

From Alhambra Partners, John Chapman analyzes Europe’s economy using Ludwig von Mises.

At The American, James Pethokoukis gives Jon Huntsman another look.

On The Kudlow Report, Sen. Bob Corker (TN) debates the payroll tax cut versus permanent tax increases:

 

On Forbes, Reuven Brenner explains the impact of corporate taxes on business decisions.

In The NY Sun, Ira Stoll assesses Newt Gingrich’s candidacy.

At The American, Mark Perry suggests China’s currency exchange rate amounts to a subsidy of US consumers.

In The WSJ, Stephen Moore examines Herman Cain’s campaign and future prospects.

At The WSJ, business executives discuss the impact of regulation:



At Forbes, John Tamny reviews Judge Andrew Napolitano’s new book.

From The American Family Association, Tamny discusses Europe and the ongoing currency crisis.

Sunday, December 4, 2011

Weekend round up: Kadlec and Strassel praise Cain; Lott and Moore on the unemployment report; Wallison on capital requirements.

From Forbes, Charles Kadlec credits Herman Cain with raising pro-growth politics above austerity.

In The WSJ, Kim Strassel applauds Cain’s growth message.

On Free Banking, Kurt Schuler agrees with Ralph Benko’s recent defense of the gold standard.

At Fox News, John Lott explains that the new unemployment numbers indicate many people leaving the job market.

On The Kudlow Report, Stephen Moore debates the unemployment numbers:

 

At Forbes, Nathan Lewis explains the difference between money and credit.

The NY Sun wonders if the Federal Reserve is conducting monetary policy for Europe.

On his blog, Greg Mankiw suggests ECB head Mario Draghi is offering to loosen Eurozone monetary policy in exchange for fiscal tightening.

In The WSJ, Peter Wallison argues capital requirement rules skewed US balance sheets to mortgage-backed securities before 2008, and today skew European balance sheets in favor of soverign debt:
On Rayedio Lounge, Wayne Jett discusses last week’s market upswing.
Although these rules are intended to match capital requirements with the risk associated with each of these asset types, the match is very rough. Thus, financial institutions subject to the rules had substantially lower capital requirements for holding mortgage-backed securities than for holding corporate debt, even though we now know that the risks of MBS were greater, in some cases, than loans to companies. In other words, the U.S. financial crisis was made substantially worse because banks and other financial institutions were encouraged by the Basel rules to hold the very assets—mortgage-backed securities—that collapsed in value when the U.S. housing bubble deflated in 2007.

Today's European crisis illustrates the problem even more dramatically. Under the Basel rules, sovereign debt—even the debt of countries with weak economies such as Greece and Italy—is accorded a zero risk-weight. Holding sovereign debt provides banks with interest-earning investments that do not require them to raise any additional capital.
At The American, Alex Pollock notes the financial triangle between the Fed, the Treasury, and GSEs.

In The Washington Post, George Will explains Obamacare’s harm to the entrepreneurial economy.

On Fox Business News, John Tamny argues saving, not consumer spending, is the root of economic progress:


The WSJ reports China’s mounting economic difficulties.

At The Spectator (UK), Fraser Nelson notes Steve Forbes calling for tax cuts in England and Europe rather than austerity.

From The WSJ, Alfonso Alguilar praises Newt Gingrich’s immigration position and claims restrictionism is not conservative.

At The Washington Post, Bill Gross predicts a lower euro, and by inference, a higher dollar.

The WSJ notes GOP members of Congress blocking Sarbox reform.

CNN examines Newt Gingrich’s economic plan:

 

On Forbes, Jerry Bowyer advocates expelling Greece and other southern European nations from the euro.

US News features a weak analysis of Federal Reserve critics.


Wednesday, June 22, 2011

Wednesday update: Hanke on the fed funds rate; Ranson on tax rate stability; Woodhill on growth.

From Cato, Steve Hanke makes the crucial point that the near-zero percent federal funds rate has created a credit crunch.

On Forbes, David Ranson argues federal revenues are maximized by moderate and stable tax rates.

At Forbes, Louis Woodhill stresses fast growth to get unemployment down.

On The Kudlow Report, Rep. Ron Paul (TX), Wayne Angell, and others debate Fed Chairman Bernanke’s speech:





Newt Gingrich’s website features today's speech on Federal Reserve reform.

From First Trust, Brian Wesbury sees inflation signs.

At TGSN, Ralph Benko recounts the story of Scottsman John Law’s disastrous experiment with paper money.

In UK’s IB Times, Gabriel Mueller defends the gold standard.

At Bloomberg, Jim Grant offers a terrific critique of the floating dollar system and the Federal Reserve:




In The WSJ, Stephen Moore reports freshman Sen. Marco Rubio (FL) is a top VP contender.

On International Liberty, Dan Mitchell notes that Herbert Hoover was no budget cutter.

From Bloomberg, conservative Keynesian John Taylor highlights Paul Volcker’s policy of floating the fed funds rate while controlling the money supply.