Showing posts with label Rubin. Show all posts
Showing posts with label Rubin. Show all posts

Thursday, May 24, 2012

Thursday round up: Malpass on Greece; Lewis on the gold price; Tamny on Facebook.

From The WSJ, David Malpass suggests Greece’s departure from the euro will be a benefit primarily for currency traders.

In Forbes, Nathan Lewis argues the dollar/gold price should be set at $1600.

At RCM, John Tamny blames Eliot Spitzer’s harassment of tech investors for Facebook’s IPO difficulties.

On The Kudlow Report, James Pethokoukis debates the deficit:



In The WSJ, Paul Rubin explains to the President that profits direct markets to better serve consumers.

TGSN recounts the history of the Panic of 1907.

From International Liberty, Dan Mitchell examines the claim that President Obama is a fiscal conservative.

In TWS, Jeff Bell explains the failure of Third Way politics.

Wednesday, March 28, 2012

Wednesday round up: WTO's Lamy notes exchange rate instability; The NY Sun notes the dollar's impact on oil; Goodman on the Fed's purchase of US debt.

Business Week reports WTO chief Pascal Lamy raising exchange rate instability as a problem for the world economy.

The NY Sun notes the low dollar’s impact on the high oil price.

On The Kudlow Report, Larry discusses the sluggish recovery and Mitt Romney’s economic plan:



South Africa’s City Press reports South Africa’s support for a measure to embrace the yuan over the dollar in emerging economies.

In The WSJ, Lawrence Goodman highlights the Fed’s purchase of 61% of US Treasury debt in 2011.

From First Trust, Brian Wesbury discounts the prospective 2013 fiscal cliff.

In The WSJ, Vin Weber joins Robert Rubin in defense of the Export-Import Bank.

At International Liberty, Dan Mitchell testifies on tax reform in the Senate:



USA Today reports states face difficulties passing tough illegal immigration laws.

In The NYT, Eduardo Porter cites the Laffer Curve while arguing for higher top tax rates.

At The Economist, RA urges Ben Bernanke to overshoot on inflation projections.

Wednesday, August 17, 2011

Wednesday summary: Rick Perry's Fed comments continue to garner attention; Salsman provides a history of gold; The WSJ notes the impact of higher taxes in Maryland.

RCP features Rick Perry continuing to critique the Fed.

Politico notes former Bush Administration officials critiquing Perry.

At Yahoo Finance, David Stockman endorses Rick Perry’s Federal Reserve criticism:




Reuters reports Michelle Bachmann joining the anti-Bernanke fray.

At Forbes, Richard Salsman provides an interesting history of the gold standard.

On First Trust, Brian Wesbury and Robert Stein suggest inflation is rising.

From The Kudlow Report, Brian Wesbury and Don Luskin debate inflation:




On RT America, Lew Rockwell discusses the Nixon Shock.

From 1971, Alan Reynolds blasts Nixon's price controls.

CNBC’s Squawk Box Europe features a good discussion of the gold standard:




The WSJ responds to Warren Buffett’s tax increase advocacy.

In The Washington Post, Jennifer Rubin reports Bill Bennett supports US Rep. Paul Ryan (WI) running for president.

The WSJ notes the decline of wealthy tax filers following last year’s soak-the-rich tax hikes in Maryland:
One year later, nobody's grinning. One-third of the millionaires have disappeared from Maryland tax rolls. In 2008 roughly 3,000 million-dollar income tax returns were filed by the end of April. This year there were 2,000, which the state comptroller's office concedes is a "substantial decline." On those missing returns, the government collects 6.25% of nothing. Instead of the state coffers gaining the extra $106 million the politicians predicted, millionaires paid $100 million less in taxes than they did last year -- even at higher rates.

From 1979, Ronald Reagan announces his campaign for president (h/t: James Pethokoukis):




A new website promotes the Swiss gold franc.

At COAL, Paul Krugman notes bond vigilantes are only going after countries without their own currencies.

Wednesday, July 27, 2011

Wednesday items: Roberts blames starve the beast for budget impasse; Goldman on the market decline; Wesbury says GDP and employment would be higher without recent spending.

From Canada’s Global Research, Paul Craig Roberts blames Republican starve-the-beast thinking for the debt-ceiling impasse.

On Asia Times, David Goldman analyzes today’s market decline.

At First Trust, Brian Wesbury suggests GDP would be $450 billion larger and unemployment at 7.6% without recent government spending increases.

On The Kudlow Report, Art Laffer predicts a downgrade of US bonds and argues for a strong growth agenda:




IBD links the widening wealth gap between whites and blacks to government welfare payments.

On The NYT's Economix blog, Bruce Bartlett argues the Bush tax cuts are responsible for increasing US debt by $3.2 trillion.

Nigeria’s Daily Times reports the nation’s former head of state advocates a return to the gold standard (h/t: Ralph Benko).

On Kudlow, Stephen Moore debates the President’s handling of the economy:




At Salon, Michael Lind argues the financial crisis of 2008 has discredited Reaganomics and Rubinomics, and that we are back in a zero sum world.

Thursday, July 21, 2011

Thursday round up: Mixed reviews for the Gang of Six proposal; Taylor says the growth consensus is over; Forbes on returning to the gold standard.

The WSJ expresses cautious optimism about the Gang of Six budget and tax reform deal; in The Washington Post, former G.W. Bush speech writer Marc Thiessen argues the proposal is a $3 trillion tax increase.

At Bloomberg, Richard Rubin analyzes the likely capital gains tax increase in the Gang of Six debt proposal (h/t: Vlad Signorreli).

In The WSJ, John Taylor suggests the growth consensus of the 1980s and ‘90s has been abandoned.

On Fox Business News, Steve Forbes explains how to return to the gold standard:




At Asia Times, David Goldman argues the small business start-up economy is dead, while large companies with global reach continue to grow.

From TGSN, Ralph Benko cites Jude Wanniski on what a currency should do.

At his blog, former FDIC Chairman William Isaac argues mark to market accounting rules played a major role in the 2008-09 recession and financial crisis. According to Bretton Woods Research, “We continue to believe that the MTM [congressional] hearings proved the turning point for financial markets back in March 2009.”

On The Kudlow Report, Don Luskin sounds bullish on the economy:




In The NYT, Ohio University Professor Alonzo L. Hamby provides a good economic history of the US.

At Pajamas Media, Ed Driscoll claims Hollywood doesn’t understand inflation.

Sunday, May 8, 2011

Weekend update: NY Sun reports on NYC gold standard debate; Shelton suggests gold to stabilize the financial system; Kudlow doubts GOP growth agenda.

The NY Sun reports on two extraordinary NYC debates on gold and the gold standard, including one attended by almost 1,000 people.

In Forbes, Nathan Lewis explains that a gold standard doesn’t require a 100% gold reserves.

Euronews reports on a Kazakhstan conference that featured Judy Shelton and Robert Mundell:

What is needed most is global financial stability. Many worry that the dollar-centred monetary system is sick, leaving some to present radical proposals. Judy Shelton from Atlas Economic Research Foundation, a US think tank is one of these people: “We can’t have a sound monetary policy until we have sound finances. I hope the future is to restore soundness to the dollar and even possibly link it to gold, which even though that is discussed as somewhat of an extreme measure, it’s fairly radical. But you’re getting a strong movement in the United States, and I think around the world. There is plenty of interest in gold as a possible unit of account and maybe the basis of a modern global gold standard.”

After a decade of dollar decline, The Washington Post reports monetary authorities may not be serious about their strong dollar policy.

At NRO, Larry Kudlow doesn’t see a clear growth message from the GOP presidential candidates.

From Forbes, Peter Ferrara notes the performance differences between Reaganomics and Obamanomics.

The NYT reports congressional Republicans backing down on their bid to reform Medicare.

In The Telegraph (UK), Andrew Lilico explains the Federal Reserve’s role in triggering revolts the Arab spring revolutions:




On NRO, Douglas Holtz-Eakin opposes raising taxes on the wealthy.

At The Washington Post, Jennifer Rubin suggests the U.S. can’t tax the wealthy much more.

Cato’s Alan Reynolds explains that fewer people pay more of the taxes.

On The WSJ, Stephen Moore notes wealthy advocates of higher tax rates don’t voluntarily pay more.

In Forbes, Reuven Brenner assesses different methods of taxation.

Monday, August 30, 2010

Monday update.

In the Cato Journal, Jude Shelton calls for a new global institution to promote currency stability.


On RCM, Louis Woodhill critiques CBO's Keynesian economic model.


At Commentary, Jennifer Rubin advocates revival of the GOP’s pro-growth wing.

But modern conservatism’s success, both in policy and electorally, did not come from being the green-eye-shade party. It stemmed from an enthusiasm and celebration of free markets and from policies that sought to unleash the potential of individuals, investors, and employers. And it was Reagan whose embrace of supply-side economics, free trade, and modest regulation unleashed an economic boom — and launched a conservative political vision that was inclusive and successful.

At Asia Times, David Goldman supports an export-led recovery.

In Forbes, John Tamny sees high government pay weakening the private sector.


At
Business Insider, Gregory White
explains that debt-to-revenue is more important than debt-to-GDP.


In The WSJ, Harvard's Robert Barro argues unemployment benefits contribute to high unemployment.


U.S. Rep. Paul Ryan (WI) focuses on fiscal deficits in assessing the weak economy.


Keynesian Robert Samuelson diagnoses the demand-side of the economic malaise.


Bloomberg’s Caroline Baum defends Milton Friedman's monetarism.


The WSJ reports on Japan's effort to weaken its currency:



AEI’s Kevin Hassett says Gov. Chris Christie (NJ) is popular because he has cut spending and refused to raise taxes.


Regarding the

10-Year Treasury rate

chart from yesterday's NYT, a longer-term chart makes clear today's rates are close to their pre-Great Inflation level. Also note the lag: rates stayed high well into the 1980s even though gold and CPI had fallen to low-inflation levels.