Weekend edition: Lewis and The WSJ on the euro; Kudlow on the President's populism; O'Driscoll on financial bubbles.

From Forbes, Nathan Lewis defends the euro but suggests incompetence threatens the entire enterprise.

The WSJ argues the euro is still a good idea:

The Greek crisis hasn't proved that the euro was a mistake. But the political reaction to it has placed the experiment in serious danger by abandoning the no-bailout principle and replacing it with a doctrine that sovereign default in a currency zone is unthinkable. This policy makes no more sense than saying that bankruptcy should be impossible, because no one will lend to a company if it might go bust. What's worse is that Europe's leadership has adopted this view for the sake of defending the Greek government from the consequences of its irresponsibility on spending and mendacity about its true level of deficit and debt.

From Heritage, Derek Scissors explains the likely futility of exchange rate manipulation on China’s trade surplus.

At NRO, Larry Kudlow suggests the President’s populist tactics demoralize the economy.

On The Kudlow Report, James Pethokoukis discusses the President’s populist turn: 



At The American Spectator, Ross Kaminsky debunks the China currency debate. 

From Cato, Gerald P. O’Driscoll, Jr. links currency instability to financial bubbles.

At The Frum Forum, Noah Kristula-Green reports on last week’s Heritage sound money conference.

On The Kudlow Report, Don Luskin analyzes the economy:


In The American Spectator, Stephen Moore argues Keynesianism is dead.

At NRO, Michael Potemra notes Steve Jobs’ supply-side brilliance.

On TGSN, Ralph Benko reports gold standard support from Hippy icon Ralph Metzner.

The Sound Money Center features an interview with Charles Kadlec.

From The WSJ, Robert Frank discusses the rising zero-sum mentality concerning tax hikes:

 

On Asia Times, Reuven Brenner suggests demographic challenges make Greek’s future bleak.

The WSJ argues Herman Cain’s plan to add a federal sales tax on top of the income tax is bad policy.

At COAL, Paul Krugman claims commodities indicate a reflation to 2007 levels, not a major inflation.

Weekend update: Lewis on progressive tax rates; Ferrara defends Social Security accounts; Frank notes the impact of taxing the rich on revenues.

From Forbes, Nate Lewis advocates a progressive tax code that taxes the rich at a low rate.

On Forbes, Peter Ferrara defends Social Security private accounts.

In The WSJ, Robert Frank notes that the problem with taxing the rich heavily is revenues go way down during recession.

On The Kudlow Report, Steve Moore argues GE’s tax bill of zero makes the argument for corporate tax reform:



At Forbes, John Tamny supports the merger of ATT&T with T-Mobile.

In The NYT, Paul Krugman notes that austerity economies have not grown as some predicted.

At New World Economics, Nathan Lewis critiques Murray Rothbard’s version of the gold standard.

On Jim Blasingame’s radio show, Charles Kadlec discusses inflation’s impact on small business:



At Forbes, Kenneth Rapoza cites Vlad Signorelli’s analysis of Portugal and German Chancellor Angela Merkel.

On The Fiscal Times, Bruce Bartlett urges Republicans to accept tax increases as part of a deficit reduction deal.

Weekend update.

In The Financial Times, World Bank President Robert Zoelick advocates a Bretton Woods-style international currency arrangement based on gold.

On The Jim Bohannon Show, Brian Domitrovic provides a terrific discussion of supply-side economics.

On Fox News Sunday, U.S. Rep. Paul Ryan (WI) firmly opposes the Federal Reserve’s planned quantitative easing, but doesn’t say what the Republican House will do about it.




On the same show, U.S. Rep. Eric Cantor (VA) repeatedly insists Republicans want to maintain the status quo on tax rates, not cut them. My question is, why not push the debate -- and go for real growth -- by proposing significant new cuts to the corporate tax and capital gains tax, to help investors and businesses recapitalize? Surely the electorate will reward pro-growth proposals.

At Classic Capital, Wayne Jett decries the Fed’s QE plan.

At New World Economics, Nathan Lewis diagnoses Japan’s economic weakness.

On Friday’s Kudlow Report, Stephen Moore debates tax rates:




In The WSJ, Robert Frank reports on why the Washington state initiative to raise taxes on the rich failed.

On Café Hayek, Don Boudreaux worries about the President’s mercantilist perspective.

Supply-side foe Peter Peterson’s foundation will launch a new ad campaign on the deficit.