From Forbes, Charles Kadlec explains how the market
disciplined JP Morgan.
At Forbes, Ralph Benko argues sound money is needed for the economy to boom.
On Face the Nation, Mitt Romney advocates balancing the
budget through tax cuts and growth:
In a later segment, Romney discusses monetary policy:
BOB SCHIEFFER: The Federal Reserve, as I understand, is going to meet this week to weigh the possibility of a new economic stimulus for our economy. Now, you didn't think much of the last stimulus. What do you think they should do now--is it time for another?
MITT ROMNEY: Well, the QE2, as it's called, which was a monetary stimulus,
did not have the desired effect. It was not extraordinarily harmful, but it
does put in question, the future value of the dollar, and will, obviously,
encourage some inflation down the road. A QE3 would do the same thing. I know
how it is. Politicians in office want to do everything they can just before an
election to try and temporarily boost something, but the potential threat down
the road of inflation is something which we have to be aware of, and at the
last QE2, the last monetary stimulus, did not put Americans back to work, did
not raise our home values, did not bring jobs back to this country or encourage
small businesses to open their doors. What's wrong with our economy is that our
government has been warring against small, middle, and large businesses. And
people in the business world are afraid to make investments and to hire people.
I want to make it very clear that in my administration, government will see it as
the friend of enterprise and job creators, and we'll start building jobs again.
On Bloomberg, Ramesh Ponnuru profiles Grover Norquist.
At The American, James Pethokoukis defends Grover for opposing a hypothetical spending cut/tax increase deal.
From Alhambra Partners, Joe Calhoun analyzes Greece and
the Eurozone.
From The Money Illusion, Scott Sumner argues monetary policy is at its tightest since Herbert Hoover.
On TGSN, Ralph Benko recounts the Democratic Party split
of 1896 over gold.
At International Liberty, Dan Mitchell notes the President’s
wise economic advice… to other nations.
From The WSJ, Stephen Moore discusses the possibility
that the House could go Democrat:
CNBC reports Goldman Sachs predicts monetary easing from
the Fed (h/t: Drudge).
In The NYT, Bruce Bartlett examines income changes at the
top and bottom of the spectrum.
From Cato, Alan Reynolds responds to Larry Summers’ call
for more government spending.
At Alhambra Partners, Joe Calhoun sees the dollar bouncing
back and forth between inflation and deflation. For the record, here’s my
column of last year on Robert Mundell’s similar view.
On Forbes, Brian Domitrovic critiques the President for
doing nothing that would improve the economy.
The Daily Callerinterviews Steve Forbes on Mitt Romney’s
record at Bain Capital:
At RCM, John Tamny suggests fear of QE3, not bad
unemployment numbers, is responsible for the market’s decline.
From The Atlas Sound Money Project, Devin Roundtree
argues QE3 is already underway.
At Forbes, Charles Kadlec critiques the President’s economic
policies.
In The WSJ, Robert Barro analyzes the economy’s malaise.
From The Washington Times, Richard Rahn covers efforts to
impose global taxes.
In The WSJ, Roger Lowenstein reviews a book on the
depression of 1837.
From The WSJ, Herman Cain argues for a dollar as good as gold.
In The WSJ, John Snow highlights the danger of Taxmaggedon. On The Kudlow Report, David Goldman discusses the rising dollar and market slump:
The China Timesreports Robert Mundell advocating a world currency. From Forbes, John Tamny applauds a Facebook founder for renouncing his US citizenship. Stephen Moore notes the Obama Administration’s opposition to coal. At The WSJ, James Freeman suggests JP Morgan’s investment losses didn’t violate any rules.
In The NY Sun, Ira Stoll reports support for Mitt Romney from smaller financial firms.
From UVA’s Miller Center, Brian Domitrovic responds to Paul Krugman’s defense of the economic recovery.
Zerohedge highlights a James Grant interview on the Fed and the stock market. At NRO, Larry Kudlow argues Mitt Romney needs to widen his lead with the investor class. On The Kudlow Report, US Rep. Jeb Henserling (TX) debates tax policy:
TGSN recounts the history of William Jennings Bryan’s Cross of Gold. In The WSJ, Arthur Brooks suggests that generous social welfare programs demoralize workers.
From First Trust, Brian Wesbury predicts resurgent socialism in Europe will be short-lived.
Zerohedge features David Stockman discussing the Fed, debt and markets.
At Forbes, Jerry Bowyer explains how the economy is supposed to work.
In The Weekly Standard, Jeff Bell argues the President’s embrace of gay marriage will make it harder for him to win key swing states. At The American, James Pethokoukis applauds Arthur Brooks’ new book, The Road to Freedom. From Alhambra Partners, John Chapman analyzes Facebook’s economic impact.
From Liberty Law, Brian Domitrovic explains the damaging impact of Milton Friedman’s opposition to the gold standard and floating exchange rates.
In The WSJ, Don Luskin highlights the negative incentive effect of 2013’s tax rate increases. On The Kudlow Report, Stephen Moore debates Keynesian economics:
The WSJreports the decline in labor force participation to 1981’s level. At The American, James Pethokoukis suggests the true unemployment rate is 11.1%. IBDexplains that unemployment is substantially higher than the official number. In The WSJ, Holman Jenkins argues the best solution for the eurozone crisis is for Germany and other strong economies to withdraw and establish a new currency:
Can we admit now the simple lesson is against excessive debt? Don't be impressed by those who protest that Spain and Ireland were brought down by private-sector extravagance. If we've learned anything, in a debt crisis the distinction between public and private disappears. Too, a closer look shows the Irish state an intimate participant in Ireland's housing boom, collecting 40% of the price of every new home in taxes. In Spain, regional governments owned or controlled the lenders that financed the construction binge. A fixed exchange rate system is an especially unforgiving environment for a welfare state that destroys its ability to create wealth. But the universal lesson is: Don't be a welfare state that destroys its ability to create wealth.
In Forbes, Peter Ferrara argues Mitt Romney’s economic platform is practical versus the President’s extremism.
At The American, Pethokoukis refutes Paul Krugman’s claim that wealth inequality contributed to the credit boom. On International Liberty, Dan Mitchell notes an example of the Laffer Curve at work. At Forbes, Nathan Lewis examines how to modernize Social Security. From Bloomberg, James Grant discusses the Fed and markets:
In The NY Review of Books, Paul Krugman advocates higher deficits and inflation.
From Bloomberg, Amity Shlaes defends the gold standard against critics.
In The FT (free registration required), US Rep. Ron Paul (TX) lambasts central bankers.
At Forbes, Louis Woodhill highlights declining business investment.
On The Kudlow Report, David Malpass analyzes Mitt Romney’s focus on issues other than growth:
On his show, Rush Limbaugh tutors a college student on supply-side economics.
At Forbes, Steve Forbes reviewsFreedom’s Forge: How American Business Produced Victory in World War II.
Market Watch reports China’s intention to accelerate yuan reform. In Commentary, Abe Greenwald notes the violent plans of some members of the Occupy crowd. On Kudlow, a newly bearish David Goldman discusses declining business investment and predicts lower job growth:
From Alhambra Partners, John Chapman analyzes the debate over Glenn Hubbard’s recent deficit and debt analysis. In The WSJ, Stephen Moore analyzes the Republican chances of losing the House. Undiscussed is the House GOP’s focus on budget balancing rather than strong growth measures.
At Forbes, Brian Domitrovic explains the dollar’s gyrations damaging impact on the euro.
From Bloomberg, Obama economist Peter Orzag notes that the mortgage crisis destroyed the same amount of wealth as the dot-com bust and wonders why its result was so much more severe. Left out of his analysis is the Great Dollar Appreciation of 2008, which was a separate, economy-killing event from the initial mortgage bust.
At Streit Talk, Steve Hanke diagnoses the Eurozone’s travails, including Greece’s sharp deflationary environment.
On The Kudlow Report, Art Laffer debates the weak economy:
The NY Sunapplauds US Rep. Ron Paul’s recent TV debate with Paul Krugman as Hayek vs. Keynes. From Paper Money Collapse, Austrian economist Detlev Schlichter advises on how to debate Krugman (h/t: TGSN). At Fiscal Times, Liz Peek castigates Krugman for his pro-inflation bullying of Ben Bernanke. On Econlog, David Henderson defends Romney supporter Edward Conrad’s pro-wealth views from Krugman. In The Economist, Will Wilkinson critiques Stephen King’s call for tax increases. From First Trust, Brian Wesbury notes the economy’s slowing but remains optimistic. The NYTreports China’s vanishing current account surplus, but notes continued US pressure to revalue the yuan. On NRO, Kevin Hassett explains the negative impact on growth of policy uncertainty. From The WSJ, Dan Henninger notes the Obama Administration’s attempts to court young voters with handouts rather than growth and jobs:
At Econtalk, John Taylor discusses his new book, First Principles: Five Keys to Restoring America's Prosperity. TGSN recounts the Free Silver Movement’s history.
From Forbes, Charles Kadlec notes the failure of Europe’s tax-increase austerity.
At TGSN, Ralph Benko highlights Jacques Rueff’s critique of the post-war gold exchange standard.
On C-SPAN, Steve Forbes supports US Rep. Ron Paul (TX) for Fed Chairman:
At The American, Alex Brill examines tax fairness. In The Washington Times, Richard Rahn lambasts the Obama Administration’s new foreign reporting requirement for US banks. From Alhambra Partners, Joe Calhoun investors stay in cash. On NRO, Larry Kudlow analyzes the weak recovery. At The WSJ, James Swanson discusses Bill Clinton’s claim that President Obama is ahead of the curve pulling the US out of the financial crisis:
In The WSJ, Stephen Moore reports a congressional debate over highway spending. From The Washington Post, Ezra Klein notes the return of many GW Bush economists on the Romney campaign. At The WSJ, Cass Sunstein highlights an executive order to harmonize US and foreign regulation.
On Salon, Michael Lind argues the era of globalization is over. The coal industry highlights the financial strain of rising energy costs:
In The NYT, Bruce Bartlett argues current tax rates aren’t blocking economic growth. From Bloomberg, Rich Miller argues higher tax rates won’t discourage the wealthy from working harder.
From Forbes, Louis Woodhill argues for economic growth rather than fairness.
In US News, Currency Wars author James Rickards explains the hidden role of gold at the IMF. From The WSJ, George Melloan highlights US Rep. Kevin Brady’s Sound Dollar Act. On CNBC, Larry Kudlow critiques Tim Geithner’s political rhetoric and Ben Bernanke's refusal to raise inflation:
In The WSJ, Cato’s Dan Mitchell applauds Switzerland’s fiscal restraint law. From Bloomberg, Caroline Baum examines the 2013 fiscal cliff. The WSJurges Mitt Romney to explain what he will do differntly than Presidents Obama and GW Bush, including on the dollar. From First Trust, Brian Wesbury highlights Wednesday’s Fed policy statement. In The WSJ, Stephen Moore reports the Senate’s Postal Service bailout. On his website, Dilbert creator Scott Adams defends the rich. The Sound Money Project features a video on inflation:
From Project Syndicate, Keynesian Stephen Roach defends China on trade and the yuan. At Bloomberg, Jared Diamond notes Japan’s tremendous demographic challenges.
From Forbes, Nathan Lewis explains the simplicity of gold-linked money.
On RCM, Bill Frezza argues supply-side critics are wrong to oppose sound money.
The NY Sunhighlights the decline in confidence in the Federal Reserve even as it becomes more transparent.
On The Kudlow Report, Home Depot Bernie Marcus debates the free enterprise system:
In Forbes, John Tamny critiques a TV show’s bad economics about China and US treasuries. From FT/Alphaville, Izabella Kaminska notes the world’s move to gold as safe collateral. In The Weekly Standard, Bill Kristol predicts Mitt Romney will win the presidency if he focuses on issues. At The WSJ, Bill McGurn blames the tax code for a significant increase in US expatriates renouncing their citizenship.
In The WSJ, Stephen Moore reports on Orrin Hatch’s (UT) Tea party primary opponent.
From The WSJ, Art Laffer and Stephen Moore argue states without income taxes are economically healthier.
At Forbes, Steve Forbes urges Mitt Romney to defend free markets vigorously. In The WSJ, Mark Spitznagel explains how the Fed enriches the top 1%. On The Kudlow Report, David Malpass analyzes the slow recovery:
At Forbes, Peter Ferrara analyzes progressive economic fallacies. In The WSJ, Stephen Moore reports a Florida Tea Party dust up. From The Manhattan Institute, Diana Furchtgott-Roth explains that raising investment taxes will result in less investment and push capital overseas. At NRO, Larry Kudlow highlights the slow 2.5% growth rate. The NY Sunapplauds the Shadow Open Market Committee. At The Mises Institute, Frank Shostak doubts that Ben Bernanke saved the economy from another depression. From The Peterson Institute, C. Fred Bergsten argues for a lower dollar, tax increases (though not on businesses or incomes), and trade barriers on China unless it raises the yuan. Around 1:06, he suggests President Nixon’s 1971 import surcharge to “rebalance” world exchange rates was a success:
The Examinerreports US Rep. Eric Cantor (VA) citing supply-side economics in support of his small business tax cut bill. At The American, Steve Hayward doubts the instability of the oil-to-gold ratio.
From Forbes, Steve Forbes talks taxes and trade with President George W. Bush.
At Forbes, Louis Woodhill quotes Jude Wanniski to argue Obamacare must be repealed. The Washington Timesreports Mitt Romney leading the President on the economy. In The WSJ, Karl Rove urges Romney to counter the President’s class warfare with focus on growth. The Spectatorfeatures a symposium with Stephen Moore and US Rep. Paul Ryan (WI) on the budget and taxes:
In The WSJ, Dan Henninger parallels the President’s rhetoric with FDR’s in 1936. Reasonhighlights the President’s scapegoating of oil speculators. At TGSN, Ralph Benko recounts the history of the post-Civil War Legal Tender Cases. From National Review in 1978, Alan Reynolds and William Peterson promote the gold standard. Also from the NR archive, Bruce Bartlett argues for supply-side tax cuts.
