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.
Showing posts with label Perry. Show all posts
Showing posts with label Perry. Show all posts
Friday, January 6, 2012
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.
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, November 20, 2011
Weekend edition: Lewis on Lehrman; Norquist on 60 Minutes; Kudlow on the Super Committee.
Thursday, November 3, 2011
Thursday round up: Tamny on China; Woodhill on Keynes; Moore on tax reform.
From RCM, John Tamny defends China on manufacturing jobs.
At Forbes, Louis Woodhill argues against Keynesian stimulus and for a series of interesting reforms.
In The WSJ, Michael Boskin applauds the GOP tax reform contest.
On The Kudlow Report, Stephen Moore discusses tax reform efforts:
At NRO, Larry Kudlow notes the ECB’s surprise quarter-point cut of its target rate.
In The WSJ, Paul Gigot reports Colorado’s rejection of tax increases to pay for education.
On Seeking Alpha, John Bowman notes the Chairman of the Council of Economic Advisors to the French Prime Minister advocates keeping the euro and supply-side solutions.
The Tax Policy Center analyzes the distribution of Gov. Perry’s flat tax plan.
The Economic Policy Institute honors Paul Krugman:
The Washington Post reports House Speaker John Boehner (OH) dismissing anti-tax advocate Grover Norquist.
Also in The Washington Post, Charles Lane rebuts claims that US infrastructure is crumbling.
At Forbes, Louis Woodhill argues against Keynesian stimulus and for a series of interesting reforms.
In The WSJ, Michael Boskin applauds the GOP tax reform contest.
On The Kudlow Report, Stephen Moore discusses tax reform efforts:
At NRO, Larry Kudlow notes the ECB’s surprise quarter-point cut of its target rate.
In The WSJ, Paul Gigot reports Colorado’s rejection of tax increases to pay for education.
On Seeking Alpha, John Bowman notes the Chairman of the Council of Economic Advisors to the French Prime Minister advocates keeping the euro and supply-side solutions.
The Tax Policy Center analyzes the distribution of Gov. Perry’s flat tax plan.
The Economic Policy Institute honors Paul Krugman:
The Washington Post reports House Speaker John Boehner (OH) dismissing anti-tax advocate Grover Norquist.
Also in The Washington Post, Charles Lane rebuts claims that US infrastructure is crumbling.
Sunday, October 30, 2011
Weekend edition: Metzler on Keynesianism; Lewis and Forbes on Perry; Mitchell's coins his golden rule.
From The WSJ, Allan Metzler dissects the Keynesian model’s flaws.
Cato Journal features several good articles on monetary policy, including from David Malpass, Steve Hanke, and Gerald P. O’Driscoll. This one on flexible exchange rates is interesting.
At Forbes, Nathan Lewis applauds Rick Perry’s flat tax plan and wonders if he’ll adopt a strong dollar next.
In South Carolina’s The State, Steve Forbes predicts Perry will win the GOP nomination.
On Fox News, Perry provides a generally strong explanation of his economic plan:
At The WSJ, Steven Landsburg argues the death tax hurts the poor.
On International Liberty, Dan Mitchell coins Mitchell’s Golden Rule, "The private sector should grow faster than the government."
From Forbes, Peter Ferrara contrasts the Republican jobs plan with the President’s.
At Fox News, Herman Cain cites Jude Wanniski and Art Laffer among his tax plan’s influences.
On The Kudlow Report, Herman Cain advisor Rich Lowrie discusses the 9-9-9 plan:
At The American, Stephen Moore remembers economist William Niskanen.
The WSJ notes the immigration crackdown has led to labor shortages.
The NY Sun advocates pro-immigration policies.
Cato Journal features several good articles on monetary policy, including from David Malpass, Steve Hanke, and Gerald P. O’Driscoll. This one on flexible exchange rates is interesting.
At Forbes, Nathan Lewis applauds Rick Perry’s flat tax plan and wonders if he’ll adopt a strong dollar next.
In South Carolina’s The State, Steve Forbes predicts Perry will win the GOP nomination.
On Fox News, Perry provides a generally strong explanation of his economic plan:
At The WSJ, Steven Landsburg argues the death tax hurts the poor.
On International Liberty, Dan Mitchell coins Mitchell’s Golden Rule, "The private sector should grow faster than the government."
From Forbes, Peter Ferrara contrasts the Republican jobs plan with the President’s.
At Fox News, Herman Cain cites Jude Wanniski and Art Laffer among his tax plan’s influences.
On The Kudlow Report, Herman Cain advisor Rich Lowrie discusses the 9-9-9 plan:
At The American, Stephen Moore remembers economist William Niskanen.
The WSJ notes the immigration crackdown has led to labor shortages.
The NY Sun advocates pro-immigration policies.
Thursday, October 27, 2011
Thursday items: Sirico on the Vatican's economic statement; Woodhil and Moore on competing tax proposals; O'Grady and Epstein on inequality.
From The WSJ, Fr. Robert Sirico explains the Vatican’s recent linking of the current economic crisis to Bretton Woods’ breakdown.
At Forbes, Louis Woodhill compares the tax plans of Cain, Perry and Romney.
In The WSJ, Stephen Moore wonders if Gov. Romney will introduce his own tax reform plan.
On The WSJ, Mary Anastasia O’Grady rebuts wealth inequality arguments:
From Alhambra Partners, John L. Chapman highlights the work of Art Laffer and the new Laffer Center.
At RCM, John Tamny exposes GDP’s flaws.
In Forbes, Rich Danker reviews Lew Lehrman’s gold standard transition plan.
On NRO, Larry Kudlow analyzes the European debt deal.
The WSJ worries about the World Bank’s new “Doing Business” report:
From Bloomberg, Amity Shlaes argues a capital gains tax cut would spur jobs.
Steve Forbes suggests Occupy Wall Street focus its anger on the Fed.
At Forbes, Louis Woodhill compares the tax plans of Cain, Perry and Romney.
In The WSJ, Stephen Moore wonders if Gov. Romney will introduce his own tax reform plan.
On The WSJ, Mary Anastasia O’Grady rebuts wealth inequality arguments:
From Alhambra Partners, John L. Chapman highlights the work of Art Laffer and the new Laffer Center.
At RCM, John Tamny exposes GDP’s flaws.
In Forbes, Rich Danker reviews Lew Lehrman’s gold standard transition plan.
On NRO, Larry Kudlow analyzes the European debt deal.
The WSJ worries about the World Bank’s new “Doing Business” report:
In 2007, the U.S. ranked third in the "ease of starting a business" category. This year it ranks 13th. On the "paying taxes" front we've dropped to 72nd place from 63rd. The cost of starting a business, measured as a percentage of per capita income, has doubled to 1.4% from 0.7% in 2007. On "ease of registering property" the U.S. has dropped to 16th from tenth. In the "trading across borders" category, we've dropped nine spots to 20th. In 2007, the "cost to import," as measured in dollars per container, was $625. Today it's more than doubled to $1,315.PBS features Richard Epstein discussing inequality, tax rates, and transfer payments (h/t: Randy Barnett):
From Bloomberg, Amity Shlaes argues a capital gains tax cut would spur jobs.
Steve Forbes suggests Occupy Wall Street focus its anger on the Fed.
Wednesday, October 26, 2011
Wednesday summary: Hanke on inflation targeting; Chapman says sound money is key; Moore debates the flat tax.
From Globe Asia, Steve Hanke argues inflation targeting is a flawed analytical tool.
At Alhambra Investments, John L. Chapman suggests the economy can’t be fixed without sound money.
The WSJ applauds the Perry flat tax plan.
On PBS, Stephen Moore debates the flat tax:
In The Washington Times, Heritage President Ed Feulner advocates a debate on monetary policy.
At The WSJ, David Malpass argues for European reform:
On The Kudlow Report, James Pethokoukis debates income inequality data:
At Alhambra Investments, John L. Chapman suggests the economy can’t be fixed without sound money.
The WSJ applauds the Perry flat tax plan.
On PBS, Stephen Moore debates the flat tax:
In The Washington Times, Heritage President Ed Feulner advocates a debate on monetary policy.
At The WSJ, David Malpass argues for European reform:
The euro zone's path forward is clear but politically difficult. As nations, they need to cut government spending, sell assets and allow private-sector competitiveness. As a part of a union, the euro zone has to divide up the losses from past deficits, restore confidence in sovereign bonds, and create a system that won't let politicians borrow as much as they did.In a speech at Heritage, US Rep. Paul Ryan (WI) rejects class warfare.
On The Kudlow Report, James Pethokoukis debates income inequality data:
Tuesday round up: Domitrovic on the Depression's growth spurt; Perry rolls out his plan; Rahn calls for privatized money.
From Forbes, Brian Domitrovic counters the claim that 1933-37 were America’s strongest growth years.
KosmosOnline interviews Domitrovic on his book, Econclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity.
In The WSJ, Rick Perry (TX) introduces his flat tax proposal.
On Fox, Steve Forbes endorses Perry’s proposal:
In The WSJ, Joseph Sternberg warns of China’s coming bank defaults.
From The Washington Times, Richard Rahn advocates privatizing money.
At The American, James Pethokoukis pans the President’s housing plan.
From First Trust, Brian Wesbury argues consumer spending is not the problem.
On The Kudlow Report, a panel debates Perry’s flat tax versus Cain’s 9-9-9 plan:
At Politico, Progressive Robert Borosage suggests the Cain and Perry plans will raise taxes on the poor.
In The NYT, Bruce Bartlett claims Republican interest in tax reform is cover for a tax cutting agenda.
KosmosOnline interviews Domitrovic on his book, Econclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity.
In The WSJ, Rick Perry (TX) introduces his flat tax proposal.
On Fox, Steve Forbes endorses Perry’s proposal:
In The WSJ, Joseph Sternberg warns of China’s coming bank defaults.
From The Washington Times, Richard Rahn advocates privatizing money.
At The American, James Pethokoukis pans the President’s housing plan.
From First Trust, Brian Wesbury argues consumer spending is not the problem.
On The Kudlow Report, a panel debates Perry’s flat tax versus Cain’s 9-9-9 plan:
At Politico, Progressive Robert Borosage suggests the Cain and Perry plans will raise taxes on the poor.
In The NYT, Bruce Bartlett claims Republican interest in tax reform is cover for a tax cutting agenda.
Monday items: Tamny advises the GOP to advocate sound money; Moore, Kudlow and Forbes on Perry's tax plan; Lewis on downsizing banks.
From Forbes, John Tamny suggests President Obama can’t win if Republicans advocate sound money.
In The WSJ, Stephen Moore reports details of the Perry flat tax plan.
On NRO, Larry Kudlow argues the Dow likes the GOP tax debate.
In The NY Post, Steve Forbes praises Rick Perry’s flat tax.
On The WSJ site, James Taranto discusses Mitt Romney’s “guilty Republican syndrome”:
At New World Economics, Nathan Lewis reports from Utah’s monetary conference earlier this month.
On NWE, Lewis advocates a radical downsizing of US banks.
At RCM, Joe Calhoun challenges Matthew Yglesias’ claim that malinvestment doesn’t harm the economy.
In The WSJ, Paul Moreno argues the President’s blame-business strategy follows FDR’s 1937 example.
At AEI, Alan Reynolds discusses income trends over the last three decades:
In The Nation, Ari Berman explains how the "austerity class" dominates Washington.
The Washington Post, liberal EJ Dionne argues Republican tax proposals would raise taxes on the poor.
In The WSJ, Stephen Moore reports details of the Perry flat tax plan.
On NRO, Larry Kudlow argues the Dow likes the GOP tax debate.
In The NY Post, Steve Forbes praises Rick Perry’s flat tax.
On The WSJ site, James Taranto discusses Mitt Romney’s “guilty Republican syndrome”:
At New World Economics, Nathan Lewis reports from Utah’s monetary conference earlier this month.
On NWE, Lewis advocates a radical downsizing of US banks.
At RCM, Joe Calhoun challenges Matthew Yglesias’ claim that malinvestment doesn’t harm the economy.
In The WSJ, Paul Moreno argues the President’s blame-business strategy follows FDR’s 1937 example.
At AEI, Alan Reynolds discusses income trends over the last three decades:
In The Nation, Ari Berman explains how the "austerity class" dominates Washington.
The Washington Post, liberal EJ Dionne argues Republican tax proposals would raise taxes on the poor.
Thursday, October 20, 2011
Thursday update: Domitrovic on Reagan's unfinished business; Ron Paul says the Fed caused the financial crisis; Forbes, Pethokoukis on Perry's flat tax.
From Forbes, Brian Domitrovic explains that monetary reform is President Reagan’s crucial unfinished business.
In The WSJ, US Rep Ron Paul (TX) blames the Federal Reserve for the financial crisis.
The WSJ reports Rick Perry’s flat tax garners support from Steve Forbes.
The Washington Post forecasts the coming tax battle between Perry and Romney.
On The Kudlow Report, Jimmy P debates Perry’s flat tax proposal:
From NRO, Larry Kudlow notes somewhat improved economic data from last month.
At Forbes, Jerry Bowyer critiques Herman Cain’s 9-9-9 plan.
Dick Morris supports the 9-9-9 plan.
IBD rebuts Paul Krugman and Jared Bernstein’s Keynesian advocacy.
On NRO, Michael Barone suggests bipartisan support to allow more visas for a high-skilled immigrants.
At International Liberty, Dan Mitchell notes a recent video likening President Obama to President Carter:
The liberal Think Progress proves that there’s no point in trying to appease tax hikers with targeted middle class tax cuts.
Factcheck.org disputes the President’s jobs numbers (h/t: Speaker Boehner’s office).
Future of Capitalism notes a new book that praises Michael Milken.
In The WSJ, US Rep Ron Paul (TX) blames the Federal Reserve for the financial crisis.
The WSJ reports Rick Perry’s flat tax garners support from Steve Forbes.
The Washington Post forecasts the coming tax battle between Perry and Romney.
On The Kudlow Report, Jimmy P debates Perry’s flat tax proposal:
From NRO, Larry Kudlow notes somewhat improved economic data from last month.
At Forbes, Jerry Bowyer critiques Herman Cain’s 9-9-9 plan.
Dick Morris supports the 9-9-9 plan.
IBD rebuts Paul Krugman and Jared Bernstein’s Keynesian advocacy.
On NRO, Michael Barone suggests bipartisan support to allow more visas for a high-skilled immigrants.
At International Liberty, Dan Mitchell notes a recent video likening President Obama to President Carter:
The liberal Think Progress proves that there’s no point in trying to appease tax hikers with targeted middle class tax cuts.
Factcheck.org disputes the President’s jobs numbers (h/t: Speaker Boehner’s office).
Future of Capitalism notes a new book that praises Michael Milken.
Tuesday, October 18, 2011
Tuesday update: Kadlec, Gigot and Moore analyze 9-9-9; Tamny on Perry's energy proposal; Forbes on Ron Paul.
At Forbes, Charles Kadlec supports Herman Cain.
In The WSJ, Paul Gigot suggests the sales tax makes the 9-9-9 plan vulnerable.
The Hill reports Stephen Moore suggests Cain drop the sales tax part of his plan.
On The Kudlow Report, Moore discusses 9-9-9:
On RCM, John Tamny argues Gov. Rick Perry’s (TX) energy-focused economics plan disqualifies him.
At Forbes, Ralph Benko defends Grover Norquist from attacks from tax increase supporters.
In The Washington Times, Richard Rahn explains that class warfare will backfire.
On Kudlow, Steve Forbes debates US Rep. Ron Paul’s (TX) economic plan:
Iowapolitics.com reports on the growing popularity of the gold standard among Republican candidates.
From Alhambra Investments, Joe Calhoun suggests the economy isn’t likely to improve much.
USA Today reports that Americans blame Washington more than Wall Street for the poor economy.
In The WSJ, Paul Gigot suggests the sales tax makes the 9-9-9 plan vulnerable.
The Hill reports Stephen Moore suggests Cain drop the sales tax part of his plan.
On The Kudlow Report, Moore discusses 9-9-9:
On RCM, John Tamny argues Gov. Rick Perry’s (TX) energy-focused economics plan disqualifies him.
At Forbes, Ralph Benko defends Grover Norquist from attacks from tax increase supporters.
In The Washington Times, Richard Rahn explains that class warfare will backfire.
On Kudlow, Steve Forbes debates US Rep. Ron Paul’s (TX) economic plan:
Iowapolitics.com reports on the growing popularity of the gold standard among Republican candidates.
From Alhambra Investments, Joe Calhoun suggests the economy isn’t likely to improve much.
USA Today reports that Americans blame Washington more than Wall Street for the poor economy.
Friday, October 14, 2011
Thursday items: Woodhill says paying interest on reserves is the root of the problem; Bloomberg forecasts the euro falling to $1.20; Cain's tax advisor cites Laffer and Wanniski.
From Forbes, Louis Woodhill makes a compelling case that the Fed paying interest on reserves has killed M1 velocity and the monetary multiplier, neutralizing the effect of quantitative easing.
Bloomberg reports a technical analysis predicting the euro to fall to $1.20 in the next three months, per Robert Mundell’s prediction.
Human Events notes Art Laffer endorsing Herman Cain’s 9-9-9 tax plan.
On Fox News, Laffer discusses the plan:
From reader S. Rao:
Politico reports on Gary Robbins’ analysis of Cain’s plan.
CNBC describes Gov. Rick Perry’s energy production plan.
On NRO, Kevin Williamson slams Warren Buffett’s tax analysis.
At Politico, Josh Boak reports on last week’s Heritage conference on a stable dollar.
Caffeinated Thoughts suggests Newt Gingrich favors gold-linked money.
The Economist’s Buttonwood wonders at low bond yields despite depreciating currencies (h/t: TGSN).
From the Council on Foreign Relations, Ben Steill explains the Marshall Plan’s role in fostering European economic liberalization.
Bloomberg reports a technical analysis predicting the euro to fall to $1.20 in the next three months, per Robert Mundell’s prediction.
Human Events notes Art Laffer endorsing Herman Cain’s 9-9-9 tax plan.
On Fox News, Laffer discusses the plan:
From reader S. Rao:
1. The New York Times profiles Cain's sole economic advisor and notes that he looked to Wanniski in devising 9-9-9.
"Mr. Lowrie said he had been inspired by two well-known proponents of supply-side thinking: Arthur Laffer, often considered the father of the concept that lower tax rates help pay for themselves by generating additional economic growth, and Jude Wanniski, who promoted the idea among politicians."
2. During Tuesday's debate, Cain again repeated the Wanniski wedge-model for the capital gains tax:
"But also, get rid of the capital gains tax. That's a big wall between people with ideas and people with money."
Politico reports on Gary Robbins’ analysis of Cain’s plan.
CNBC describes Gov. Rick Perry’s energy production plan.
On NRO, Kevin Williamson slams Warren Buffett’s tax analysis.
At Politico, Josh Boak reports on last week’s Heritage conference on a stable dollar.
Caffeinated Thoughts suggests Newt Gingrich favors gold-linked money.
The Economist’s Buttonwood wonders at low bond yields despite depreciating currencies (h/t: TGSN).
From the Council on Foreign Relations, Ben Steill explains the Marshall Plan’s role in fostering European economic liberalization.
Monday, September 26, 2011
Weekend edition: Lewis on Europe's debt; Pethokoukis and Kudlow on the Fed; Ferrara on the President's tax arguments.
From Forbes, Nathan Lewis advocates a debt/equity swap to recapitalize European banks.
In The Weekly Standard, Jim Pethokoukis notes the market’s negative response to the Fed’s Operation Twist 2011.
At NRO, Larry Kudlow blasts the Fed’s strategy.
On The Kudlow Report, Don Luskin discusses last week’s market meltdown:
At Yahoo Finance, Steve Forbes criticizes European handling of its debt crisis.
On Forbes, Peter Ferrara challenges the President’s tax claims.
At Asia Times, Reuven Brenner reviews David Goldman’s new book on demographics.
From The American, Steve Conover rebuts claims of middle-class stagnation.
On CNBC, Larry Kudlow discusses the government’s role in the current crisis:
At Forbes, Jerry Bowyer analyzes gold’s drop below $1,700.
On his blog, Scott Grannis suggests the market’s drop last week is explained by disappointment that QE3 wasn’t proposed.
Talking Points Memo rounds up negative conservative reaction to Gov. Rick Perry’s debate performance.
At Fiscal Times, Bruce Bartlett suggests Milton Friedman would oppose conservative Fed bashing.
In The Weekly Standard, Jim Pethokoukis notes the market’s negative response to the Fed’s Operation Twist 2011.
At NRO, Larry Kudlow blasts the Fed’s strategy.
On The Kudlow Report, Don Luskin discusses last week’s market meltdown:
At Yahoo Finance, Steve Forbes criticizes European handling of its debt crisis.
On Forbes, Peter Ferrara challenges the President’s tax claims.
At Asia Times, Reuven Brenner reviews David Goldman’s new book on demographics.
From The American, Steve Conover rebuts claims of middle-class stagnation.
On CNBC, Larry Kudlow discusses the government’s role in the current crisis:
At Forbes, Jerry Bowyer analyzes gold’s drop below $1,700.
On his blog, Scott Grannis suggests the market’s drop last week is explained by disappointment that QE3 wasn’t proposed.
Talking Points Memo rounds up negative conservative reaction to Gov. Rick Perry’s debate performance.
At Fiscal Times, Bruce Bartlett suggests Milton Friedman would oppose conservative Fed bashing.
Sunday, September 25, 2011
Wednesday summary: Domitrovic on the Fed's dual mandate; Malpass on Operation Twist 2011; Forbes predicts Perry will beat Obama.
From Forbes, Brian Domitrovic notes the Federal Reserve’s dual mandate isn’t contradictory as a weak dollar coincides with higher unemployment.
In The WSJ, David Malpass critiques the Fed’s updated Operation Twist:
The NYT reports the Republican congressional leadership opposing additional Federal Reserve stimulus.
On The Daily Ticker, Steve Forbes predicts Rick Perry will beat President Obama.
From Alhambra Partners, Joe Calhoun dissects public opinion on taxes and spending.
In The WSJ, Jonathan Anderson explains why China is still a financial midget despite its fast growth:
Bloomberg reports Robert Mundell advocates Serbia fix to the euro in preparation to entering the eurozone.
At Fox Business News, conservative Keynesian Martin Feldstein discounts the President’s economic plan.
The WSJ criticizes US Rep. Barney Frank’s (MA) proposal to reduce Fed independence.
From 1980, candidate Reagan debates President Carter on the economy and inflation.
At COAL, Paul Krugman amplifies his argument that the economy is in a liquidity trap.
In The WSJ, David Malpass critiques the Fed’s updated Operation Twist:
The modern version [of the Twist] would probably be even less effective since markets are expecting it. The Fed's idea is that the private sector will go looking for riskier and longer duration assets to make up for the bonds the Fed bought. But the evidence is clear that this isn't working: The Fed's near-zero interest rate policy and its huge overhang of bonds create uncertainty. This hurts small-business confidence and discourages job growth.At CNN, President Clinton argues Republican policies do not create prosperity:
The twist from the second round of quantitative easing (QE2) contributed to the sharp economic slowdown in the first half of 2011 when the Fed was buying $70 billion in bonds per month. The more it bought, the slower the economy grew as the twist sucked capital from savers and small businesses to the government.
The Fed has conducted a controversial experiment with near-zero interest rates and massive bond purchases. These policies have hurt growth and added to unemployment by distorting financial markets.
The NYT reports the Republican congressional leadership opposing additional Federal Reserve stimulus.
On The Daily Ticker, Steve Forbes predicts Rick Perry will beat President Obama.
From Alhambra Partners, Joe Calhoun dissects public opinion on taxes and spending.
In The WSJ, Jonathan Anderson explains why China is still a financial midget despite its fast growth:
The bigger problem is that China can't open its capital regime, at least not fast enough to matter. For more than two decades, China's philosophy of monetary management and financial development has been based on a closed-economy system: maintaining low and stable interest rates without having to worry about external arbitrage, breezily adopting economic stimulus when needed without concern about the banking system's asset quality, propping up banks with historically high nonperforming loan ratios and fixed-cost pricing, and keeping iron-clad control over the exchange rate. All of these only work when foreign portfolio funds cannot influence asset prices, and when locals have nowhere else to go.On The Street, Phil Streible notes the correlation between rising gold prices and the President’s declining poll numbers:
While China's GDP may be 10 times larger than it was in 1995, its external capital controls are still similar to what they were back then. China has opened a few windows at the margin, but it has never seriously opened the doors. If anything, the financial crises of 1997-98 and 2008-09 have taught the authorities to be as slow as possible in making adjustments.
Even if China were to remove external controls, this still leaves the lack of deep domestic markets. Put simply, there's nothing to invest in. You need a local bond market, and China doesn't have one. Relative to its size, China has a much less mature fixed-income market than most of its major emerging-market peers.
Bloomberg reports Robert Mundell advocates Serbia fix to the euro in preparation to entering the eurozone.
At Fox Business News, conservative Keynesian Martin Feldstein discounts the President’s economic plan.
The WSJ criticizes US Rep. Barney Frank’s (MA) proposal to reduce Fed independence.
From 1980, candidate Reagan debates President Carter on the economy and inflation.
At COAL, Paul Krugman amplifies his argument that the economy is in a liquidity trap.
Tuesday, September 13, 2011
Tuesday items: Domitrovic on JFK's early missteps; Kudlow praises the frontrunners' dollar stance; Reynolds rebuts Buffett.
From Forbes, Brian Domitrovic explains that the President’s jobs proposal repeats JFK’s early mistakes.
At Cato, Alan Reynolds explains the President’s plan would mean a $447 billion in tax increases. Also from Cato, Reynolds analyzes the flaw in the President’s home refinancing plan.
At NRO, Larry Kudlow notes the GOP front runners support for a stable dollar.
On The Kudlow Report, David Goldman discusses a possible Greek default:
From IBD, Alan Reynolds rebuts Warren Buffett’s call for higher taxes.
In The Washington Times, Richard Rahn notes regulations that damage the economy.
David Goldman has launched a financial analysis company.
From Alhambra Partners, John L. Chapman notes that New Keynesian Romney advisor Greg Mankiw tellingly omits the dollar from his analysis of weak US fixed investment.
In The Financial Post (Canada), Steve Hanke analyzes the damage done by Basel III’s increased bank capital-asset requirements.
At TGSN, Daniel M. Ryan explains the danger of fiat money (more here).
On Kudlow, James Pethokoukis discusses Rick Perry’s debate performance and Social Security position:
At Forbes, Ken Rapoza quotes Bretton Woods Research’s Vlad Signorelli defending the euro.
On NRO, Josh Hendrickson of University of Mississippi argues the Fed should target nominal growth.
From Bloomberg, NRO’s Ramesh Ponnuru criticizes Rick Perry for bashing Social Security.
At Cato, Alan Reynolds explains the President’s plan would mean a $447 billion in tax increases. Also from Cato, Reynolds analyzes the flaw in the President’s home refinancing plan.
At NRO, Larry Kudlow notes the GOP front runners support for a stable dollar.
On The Kudlow Report, David Goldman discusses a possible Greek default:
From IBD, Alan Reynolds rebuts Warren Buffett’s call for higher taxes.
In The Washington Times, Richard Rahn notes regulations that damage the economy.
David Goldman has launched a financial analysis company.
From Alhambra Partners, John L. Chapman notes that New Keynesian Romney advisor Greg Mankiw tellingly omits the dollar from his analysis of weak US fixed investment.
In The Financial Post (Canada), Steve Hanke analyzes the damage done by Basel III’s increased bank capital-asset requirements.
At TGSN, Daniel M. Ryan explains the danger of fiat money (more here).
On Kudlow, James Pethokoukis discusses Rick Perry’s debate performance and Social Security position:
At Forbes, Ken Rapoza quotes Bretton Woods Research’s Vlad Signorelli defending the euro.
On NRO, Josh Hendrickson of University of Mississippi argues the Fed should target nominal growth.
From Bloomberg, NRO’s Ramesh Ponnuru criticizes Rick Perry for bashing Social Security.
Monday, September 12, 2011
Monday update: Benko slams Pearlstein; Laffer on enterprise zones; Tamny pans the President's jobs plan.
From Forbes, Ralph Benko slams The Washington Post’s Keynesian columnist Steven Pearlstein for disrespecting the gold standard.
In The WSJ, Art Laffer resuscitates enterprise zones to help African-American communities hit by high unemployment.
From Cato, Alan Reynolds corrects Charles Krauthammer on the Eisenhower economy.
On Kudlow, Stephen Moore debates the President’s job plan:
The NY Sun connects US Rep. Ron Paul’s (TX) continued strength with many primary voters to his focus on the Constitution, including sound money.
On Asia Times, David Goldman suggests gold is falling because Greece and Italy may go bankrupt.
From TGSN, Ralph Benko features a cable on Beijing taking seriously a return to a dollar gold standard.
On Forbes, Reuven Brenner notes the US has yet to fully recover from 9/11.
At New World Economics, Nathan Lewis recounts the history of the British pound.
From Future of Capitalism, Ira Stoll notes Thomas Friedman’s new book includes positive words about the gold standard.
On The Kudlow Report, Cato’s Chris Edwards debates whether Social Security is a Ponzi Scheme:
The WSJ chides both Rick Perry and Mitt Romney on Social Security.
On his blog, Dick Morris critiques Perry’s Social Security position.
At International Liberty, Dan Mitchell suggests Romney and Michelle Bachmann are wrong to bash Perry on Social Security.
On COAL, Paul Krugman continues to deny gold’s inflation signal.
In The WSJ, Art Laffer resuscitates enterprise zones to help African-American communities hit by high unemployment.
From Cato, Alan Reynolds corrects Charles Krauthammer on the Eisenhower economy.
Whether President Obama's base finds supply-side economics appealing or not, he should immediately join with all members of Congress from both parties to develop a full program for enterprise zones. And while enterprise zones are desperately needed in our inner cities, there are lots of areas in the hollows of Kentucky and West Virginia that need enterprise zones as well, not to mention barrios in California and New Mexico. Enterprise zones should be areas that are geographically defined with exceptionally high concentrations of poverty, underachievement and unemployment.At Forbes, John Tamny pans the President’s jobs plan.
On Kudlow, Stephen Moore debates the President’s job plan:
The NY Sun connects US Rep. Ron Paul’s (TX) continued strength with many primary voters to his focus on the Constitution, including sound money.
On Asia Times, David Goldman suggests gold is falling because Greece and Italy may go bankrupt.
From TGSN, Ralph Benko features a cable on Beijing taking seriously a return to a dollar gold standard.
On Forbes, Reuven Brenner notes the US has yet to fully recover from 9/11.
At New World Economics, Nathan Lewis recounts the history of the British pound.
From Future of Capitalism, Ira Stoll notes Thomas Friedman’s new book includes positive words about the gold standard.
On The Kudlow Report, Cato’s Chris Edwards debates whether Social Security is a Ponzi Scheme:
The WSJ chides both Rick Perry and Mitt Romney on Social Security.
On his blog, Dick Morris critiques Perry’s Social Security position.
At International Liberty, Dan Mitchell suggests Romney and Michelle Bachmann are wrong to bash Perry on Social Security.
On COAL, Paul Krugman continues to deny gold’s inflation signal.
Sunday, September 11, 2011
Romeny-Perry Competition.
From last week from Bretton Woods Research:
Romney-Perry Competition
Romney-Perry Competition Good for Markets: We think that Mitt Romney out-pointed Rick Perry last night because he emphasized his new cap gains tax cut and promised to protect social security and not re-appoint Ben Bernanke.
On Tuesday, Mitt Romney unveiled his new economic platform, and the highlight was a plan to eliminate taxes on capital gains, interest and dividends for individuals earning less than $200,000 per year. We have yet to see Rick Perry's plan, but Romney's step forward should compel a smart counter by the Texas Governor. Unfortunately, Romney's platform would also call on the Treasury Department to classify China as a 'currency manipulator', which would enable the U.S. government to place tariff sanctions on Chinese imports until the yuan is significantly revalued. While it is in China's best interest to appreciate the yuan (in order to immediately extinguish the Fed-engineered inflation that is negatively affecting its economy), Romney's plan is misguided as it could spark trade tensions with China. Additionally, John Boehner, as House Speaker, has prevented any anti-China tariff-related proposals from reaching the House floor. Romney, as president, could side with Democrats on the issue and sway enough Republicans to out-maneuver Boehner.
The trade sanction idea from Romney reaffirms, in our opinion, his propensity during this campaign to appeal to the populist vote and to avoid the appearance of appealing to wealthier Americans. This has been Democratic strategist David Plouffe's advice for President Obama. Romney, for example, continues to avoid tax cut proposals on the highest income earners, and has instead chosen to propose reducing the corporate tax rate to a level that even Democrats are seeking while only eliminating tax rates on capital for the "middle class" and lower. Anyone who understands the philosophical underpinnings for eliminating the capital gains tax would know that its elimination would be most powerful if done for all Americans including the wealthiest Americans who have the most capital to invest.
Romney's appeal to the populist vote has been beneficial, though, with respect to his new-found criticism of Fed policy, compared to last April when he supported it. During last night's debate, he said that he would not re-appoint Ben Bernanke to head the Federal Reserve, stating that he thought the Fed has 'over-inflated' the economy.
Despite Romney's flaws, he has made marginal improvements in his economic platform which is especially important as it will likely push Perry to be even more aggressive and bold. Consequently, we continue to view the Romney-Perry competition for the nomination as good for U.S. assets, and especially important to buffer U.S. financial markets from the European debt crisis.
Romney-Perry Competition
Romney-Perry Competition Good for Markets: We think that Mitt Romney out-pointed Rick Perry last night because he emphasized his new cap gains tax cut and promised to protect social security and not re-appoint Ben Bernanke.
On Tuesday, Mitt Romney unveiled his new economic platform, and the highlight was a plan to eliminate taxes on capital gains, interest and dividends for individuals earning less than $200,000 per year. We have yet to see Rick Perry's plan, but Romney's step forward should compel a smart counter by the Texas Governor. Unfortunately, Romney's platform would also call on the Treasury Department to classify China as a 'currency manipulator', which would enable the U.S. government to place tariff sanctions on Chinese imports until the yuan is significantly revalued. While it is in China's best interest to appreciate the yuan (in order to immediately extinguish the Fed-engineered inflation that is negatively affecting its economy), Romney's plan is misguided as it could spark trade tensions with China. Additionally, John Boehner, as House Speaker, has prevented any anti-China tariff-related proposals from reaching the House floor. Romney, as president, could side with Democrats on the issue and sway enough Republicans to out-maneuver Boehner.
The trade sanction idea from Romney reaffirms, in our opinion, his propensity during this campaign to appeal to the populist vote and to avoid the appearance of appealing to wealthier Americans. This has been Democratic strategist David Plouffe's advice for President Obama. Romney, for example, continues to avoid tax cut proposals on the highest income earners, and has instead chosen to propose reducing the corporate tax rate to a level that even Democrats are seeking while only eliminating tax rates on capital for the "middle class" and lower. Anyone who understands the philosophical underpinnings for eliminating the capital gains tax would know that its elimination would be most powerful if done for all Americans including the wealthiest Americans who have the most capital to invest.
Romney's appeal to the populist vote has been beneficial, though, with respect to his new-found criticism of Fed policy, compared to last April when he supported it. During last night's debate, he said that he would not re-appoint Ben Bernanke to head the Federal Reserve, stating that he thought the Fed has 'over-inflated' the economy.
Despite Romney's flaws, he has made marginal improvements in his economic platform which is especially important as it will likely push Perry to be even more aggressive and bold. Consequently, we continue to view the Romney-Perry competition for the nomination as good for U.S. assets, and especially important to buffer U.S. financial markets from the European debt crisis.
Monday, September 5, 2011
Weekend edition: Mundell on growth, taxes and exchange rates; Lewis on European default; The WSJ applauds Huntsman's economic plan.
From The Economist, supply-side guru Robert Mundell emphasizes “growth, growth, growth,” advocates making the Bush tax cuts permanent and cutting the corporate tax rate, opposes European devaluation, and explains the role of exchange rate fluctuations in global economic crises over the last 40 years.
At Forbes, Nathan Lewis suggests a debt default combined with tax cuts would solve Europe’s economic problems.
The WSJ applauds former-Gov. Jon Huntsman’s (UT) economic plan as the best so far from the Republican presidential field:
At NRO, Larry Kudlow sees a Reagan moment coming in 2012.
On RCM, John Tamny opposes anti-trust regulation.
At Pajamas Media, David Goldman explains the demographic trends that led Germany to invest heavily in US assets last decade.
From last week on Squawk Box, David Malpass calls for strong-dollar jaw-boning from the Fed:
From Market Watch, Kurt Brouwer chronicles the weak dollar this decade.
At Forbes, Tea Party organizer Matt Kibbe argues for a comprehensive audit of the Fed.
In The Washington Times, Richard Rahn reviews Government Versus Markets: The Changing Economic Role of the State.
On The Kudlow Report, US Rep. Ron Paul (TX) discusses soaring gold:
On Newsmax, Steve Forbes outlines his agenda for pro-growth fiscal and monetary reform and suggests he leans towards endorsing Gov. Rick Perry (TX).
In The Washington Post, George Will asks whether Perry wants to return to a gold standard.
At The Commercial Appeal (TN), Steve Hanke says low interest rates deter bank lending.
At Forbes, Nathan Lewis suggests a debt default combined with tax cuts would solve Europe’s economic problems.
The WSJ applauds former-Gov. Jon Huntsman’s (UT) economic plan as the best so far from the Republican presidential field:
The heart of the plan lowers all tax rates on individuals and businesses. Mr. Huntsman would create three personal income tax rates—8%, 14% and 23%—and pay for this in a "revenue-neutral" way by eliminating "all deductions and credits." This tracks with the proposals of the bipartisan Bowles-Simpson commission and others for a flatter, more efficient tax system….On The Kudlow Report, Stephen Moore debates demand vs. supply-side economics:
Mr. Huntsman would repeal two of President Obama's most economically debilitating creations, ObamaCare and the Dodd-Frank financial regulation law. Mr. Huntsman has it right when he says, "Dodd-Frank perpetuates 'too big to fail' by codifying a regime that incentivizes firms to become too big to fail." He'd also repeal a Bush-era regulatory mistake, the Sarbanes-Oxley accounting rules, which have added millions of dollars of costs to businesses with little positive effect.
At NRO, Larry Kudlow sees a Reagan moment coming in 2012.
On RCM, John Tamny opposes anti-trust regulation.
At Pajamas Media, David Goldman explains the demographic trends that led Germany to invest heavily in US assets last decade.
From last week on Squawk Box, David Malpass calls for strong-dollar jaw-boning from the Fed:
From Market Watch, Kurt Brouwer chronicles the weak dollar this decade.
At Forbes, Tea Party organizer Matt Kibbe argues for a comprehensive audit of the Fed.
In The Washington Times, Richard Rahn reviews Government Versus Markets: The Changing Economic Role of the State.
On The Kudlow Report, US Rep. Ron Paul (TX) discusses soaring gold:
On Newsmax, Steve Forbes outlines his agenda for pro-growth fiscal and monetary reform and suggests he leans towards endorsing Gov. Rick Perry (TX).
In The Washington Post, George Will asks whether Perry wants to return to a gold standard.
At The Commercial Appeal (TN), Steve Hanke says low interest rates deter bank lending.
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