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 Forbes, Charles Kadlec sees tightening money
slowing growth. At NRO, Larry Kudlow suggests the dollar’s rise against
the euro is creating deflationary headwinds for the economy.
On Fox Business, Lew Lehrman notes the dollar tightening
since the end of QE2 (h/t: TGSN):
At Forbes, Louis Woodhill challenges the economic
philosophy behind President Obama’s view of government-created jobs.
The Heritage Foundation charts relative growth rates of
the private sector versus local, state and federal government.
At City Journal, Art Laffer argues for tax reform in
California.
In The WSJ, Edward Lazear argues the President can’t
blame his predecessor for the weak economy.
At C-SPAN, Bill Kristol suggests Republicans would be
better off without Ron Paul, but says he is “mildly pro gold standard” (h/t: Free
Banking):
On International Liberty, Dan Mitchell chides Jeb Bush
and Lindsey Graham for putting tax hikes on the table.
Reader Supported News reports Bernie Sander’s release of
Fed bailouts.
In The WSJ, Stephen Moore notes continued sugar
subsidies.
From The Financial Post (Canada), supply-side guru Robert Mundell sees a
bright future for the euro, but blames excessive spending and unstable exchange
rates for the Eurozone’s current troubles.
Also on The Financial Post, Terry Corcoran supports
Mundell’s analysis.
At Forbes, Nathan Lewis suggests a dual currency system
featuring gold for nations outside the major currency zones.
On The Kudlow Report, David Malpass discusses the
markets:
At The American, James Pethokoukis responds to Paul
Krugman’s claims that government spending led to the Reagan boom.
The WSJhighlights the President’s disastrous press
conference remarks on the economy.
At China Daily, Mundell applauds the People’s Bank of China
for lowering interest rates.
On CNBC, James Grant notes the Fed’s shrinking balance
sheet.
The WSJcriticizes Ben Bernanke for opposing spending
cuts, but applauds his rejection of tax increases.
From Forbes, Peter Ferrara compares the Obama economy to Argentina.
In The WSJ, Stephen Moore reports Democratic nervousness
about Taxmageddon.
At Newsmax, Steve Forbes advocates tax cuts rather than bailouts to revive Europe.
IBDnotes the President of Estonia’s response to Paul Krugman’s dismissal of its economic success.
From The Sun News Network, David Goldman doesn’t see a
way to keep the weak nations in the Eurozone:
On Fiscal Times, Bruce Bartlett notes the decline and
fall of organized labor.
From Market Watch, Harold Gold uses the Bush tax cuts to
declare supply-side economics false.
From the archive, here’s my assessment of the Bush tax
cuts.
On TGSN, Jon Decker reports the past use of vodka as a currency in Russia.
From Forbes, Brian Domitrovic highlights Herman Cain’s
sound money advocacy. On TGSN, Lew Lehrman advocates a modern gold standard. In The WSJ, Austan Goolsbee argues without flexible exchange
rates to adjust balance of payments, the Eurozone must rely on fiscal transfers
or immigration. At The Daily Beast, Bruce Bartlett applauds President
Reagan’s tax and monetary achievements but argues today’s problems require
different remedies:
In The WSJ, Stephen Moore reports Ted Cruz’s run-off
chances in the Senate GOP primary.
From Alhambra Partners, Joe Calhoun highlights worrisome
market conditions. In The Washington Post, Robert Samuelson wonders why
Greece hasn’t experienced a bank run yet. At National Review, Kevin Williamson doubts that tax
rates drives state to state migration.
From Business Insider, Max Nisen suggests Robert Mundell’s “A Theory of Optimum Currency Areas” predicted the eurozone’s troubles.
On PJ Media, David Goldman explains the startling disjunction between Germany and the weaker eurozone nations. In The WSJ, George Melloan analyzes the Fed’s current commitment to openness. On The Kudlow Report, Larry discusses whether the Fed will pump dollars into Europe:
At The WSJ, Stephen Moore reports the signing of the largest tax cut in Kansas history. Also in The Journal, Moore notes Oklahoma Republicans blocking the state’s tax cut. At The Washington Times, Richard Rahn links economic weakness and higher spending. From Bloomberg, Ramesh Ponnuru suggests the US lower its trade barriers unilaterally.
In The WSJ, Stephen Moore reports the President may embrace Simpson-Bowles to regain credibility as a fiscal moderate.
At The American, James Pethokoukis notes a study refuting the prevailing progressive narrative of the financial crisis. From NRO, Reihan Salam suggests the US is moving back towards the top of the Laffer Curve. On The Kudlow Report, Rich Karlgaard discusses the falling euro:
In The WSJ, Harvey Golub compares the current recovery to 11 past. On NRO, Thomas Sowell recounts Andrew Mellon’s tax cut arguments. The Hillreports the Alliance for American Manufacturing pushing for currency manipulation requirements in future trade agreements. In The NYT, Andrew Sorkin argues the Glass-Steagall Act wouldn’t have prevented the mortgage crisis.
From Forbes, Ralph Benko and Charles Kadlec applaud Herman Cain’s new book for its focus on the gold standard.
In The WSJ, Edward Lazear argues the supply-side view of austerity – cut spending, keep taxes low -- is correct. At Cato, Alan Reynolds explains that today’s higher executive pay is due mainly to past tax reforms thatreduce penalties for declaring income. On The Kudlow Report, Stephen Moore discusses austerity vs. stimulus:
In Forbes, John Tamny opposes the estate tax. The NY Sunrecounts the history of the Federal Reserve's founding. On The Daily Beast, David Frum highlights Charles Kadlec debating the gold standard. In The WSJ, Stephen Moore notes strong poll numbers for Gov. Scott Walker (WI). At PJ Media, David Goldman applauds Germany for insisting upon Greek budget cuts. In The WSJ, Matthew Sinclair outlines ideas for British tax reform. From Heritage, Rob Bluey summarizes the 2013 tax increases.
