Showing posts with label Wesbury. Show all posts
Showing posts with label Wesbury. Show all posts

Tuesday, June 26, 2012

Tuesday items: Palast bashes Mundell; The Economist on US immigration policy; Kadlec on jobs lost to government policy.

From The Guardian (UK), Greg Palast lambasts "evil genius" Robert Mundell for his euro scheme to force government downsizing.

The Economist reports that America’s competitors do more to welcome entrepreneurial immigrants.

At Forbes, Charles Kadlec analyzes the number of jobs lost due to government policy.

On The Kudlow Report, Gordon Chang of Forbes sees trouble for China’s economy:


At NRO, Larry Kudlow highlights Marco Rubio’s defense of low taxes.

From Alhambra Partners, Joe Calhoun wonders if economic doomsaying has gone too far.

At RCM, John Tamny argues government spending hurts economic growth.

From First Trust, Brian Wesbury hopes the Supreme Court will roll back Obamacare.

On Reason, Steve Chapman argues the Fed is choking the economy with tight money.

From the Heartland Institute, Bret Swanson discusses the federal government’s mishandling of the wireless spectrum.

On Salon, Andrew Leonard uses Bloomberg's report on state income taxes to bash Art Laffer.

In The NYT, Bruce Bartlett tries to talk Republicans into supporting spending stimulus.

Sunday, June 24, 2012

Thursday round up: Hanke on private sector money; Forbes on tax rates; Woodhill on Greece's election.

From Globe Asia, Steve Hanke makes the important point that despite generally loose government monetary policy, private sector monetary creation is tight (and accounts for 85% of total money supply), perhaps explaining how commodity inflation can coexist with deflationary headwinds.

At The Financial Post, Terry Corcoran cites Hanke’s analysis to critique the series of non-productive international summits.

NPR's Marketplace quotes Hanke in assessing Ben Bernanke’s policies.

On Fox News, Steve Forbes calls the idea of raising taxes in the current climate preposterous:


At Forbes, Louis Woodhill cites Jude Wanniski’s political model explain the Greek election’s outcome.

From earlier this month in The WSJ, James Grant reviews two books defending capitalism but notes their lack of focus on the need for monetary reform.

The WSJ pans Bernanke’s extension of Operation Twist.

From First Trust, Brian Wesbury highlights the Fed’s non-committal policy.

In The WSJ, Dan Henninger contrasts the presidential candidates economic messages.

On AEI, James Pethokoukis reports Michael Darda’s view on NGDP targeting.

In The WSJ, Matthew Slaughter argues the Employ American Workers Act has weakened the economy.

At PJ Media, David Goldman analyzes Saudi Arabia’s role in propping up Egypt’s military against the Muslim Brotherhood.

Thursday, June 21, 2012

Wednesday summary: Domitrovic applauds partisanship; Malpass on international conferences; Tamny on creative destruction.

From Forbes, Brian Domitrovic notes the economic damage done by bipartisan deals and the prosperity brought by partisanship.

In The WSJ, David Malpass stresses the need for monetary reform and spending cuts, not unproductive international conferences.

At Forbes, John Tamny explains the dynamism of market competition.

On The Kudlow Report, Sen. John Barasso (WY) argues Obamacare is a jobs killer:

From Market Oracle, Simit Patel suggests the Eurozone crisis will push the monetary system towards gold.

At First Trust, Brian Wesbury argues Germany should withdraw from the euro.

In The WSJ, Todd Buchholz advises the US to avoid a rising-interest rate budget crisis by locking in low rates for 50 or 100 years.

From AEI, James Pethokoukis rebuts Bloomberg’s suggestion to cut the corporate tax while raising the capital gains tax.

In The WSJ, Stephen Moore highlights a Utah congressional race featuring a black woman Republican.

At Netrightdaily, Bill Wilson critiques Ramesh Ponnuru’s NGDP targeting plan.  

On RCM, Steve Malanga notes that Keynesians don’t want to cut spending during economic contractions or expansions.

The Atlantic features a chart summarizing world economic history.













In The WSJ, Hillary Clinton advocates normal trade relations with Russia.

Yorktown University features a lecture by Art Laffer.

Thursday, June 14, 2012

Wednesday summary: Benko on GOP platforms and gold; Mitchell on Keynesianism; Wesbury doubts QE3.

From TGSN, Ralph Benko recounts the history of Republican presidential platforms that included a gold money plank and wonders about 2012.

At International Liberty, Dan Mitchell debates Robert Reich on Keynesianism.

On The Kudlow Report, David Goldman analyzes market volatility:


In The WSJ, Stephen Moore reports declining support for California’s tax hikes.

From First Trust, Brian Wesbury doubts the Fed will initiate QE3.

In The WSJ, Gerald O’Driscoll predicts the breakup of the euro.

On Asia Times, Cedrick Mohammed examines China’s activity in Africa.

In The WSJ, Yukon Huang advises China to liberalize its economy.

On CNN, Stephen Moore debates Norm Ornstein on Washington gridlock:


In The Financial Times, Bruce Bartlett advises the President to focus his economic message on government works and loose money.

At The Daily Beast, David Frum suggests bad monetary policy is like arsenic.

Thursday, June 7, 2012

Wednesday summary: Lehrman on gold; Zoellick on the euro; Goldman on California and Wisconsin.

From TGSN, Lew Lehrman argues the gold standard would raise savings and restore economic growth and full employment.

In The WSJ, Stephen Moore suggests the country is still center-right.

On The Kudlow Report, Robert Zoellick discusses the Eurozone:


The NY Sun suggests the Walker recall is a hinge moment for the labor movement.

TGSN recounts the Federal Reserve’s creation.

On PJ Media, David Goldman notes California and Wisconsin’s high tax rates.

The WSJ highlights CBO’s latest analysis of the growing debt.

From First Trust, Brian Wesbury predicts the economy will continue to grow slowly.

At The WSJ, James Freeman discusses the Keynesian spending proposed by Paul Krugman and Larry Summers.


At CNBC, Paul Ames notes flat-tax Estonia’s success under the euro.

In The WSJ, Marian Tupy and Craig Richardson note Zimbabwe’s growth since it dollarized its economy.

Tuesday, June 5, 2012

Weekend edition: Lewis on growth and austerity; Taylor on stable policy; Hubbard on Romney's policies.

From Forbes, Nathan Lewis explains how austerity and growth can coincide.
In The WSJ, John Taylor argues for more stable monetary and fiscal policy.

On The Kudlow Report, Romney advisor Glenn Hubbard suggests tax and spending reform will restore the economy:


From First Trust, Brian Wesbury responds to the claim that the President hasn’t been a big spender.

In The WSJ, Stephen Moore reports rumors of a Hillary Clinton switch with Joe Biden.

On Fox Business News, David Stockman worries about the national debt:



At Fiscal Times, Bruce Bartlett examines Republican and Democratic spending patterns.

Progressive Rambler features a cartoon on supply-side economics:

Wednesday, May 16, 2012

Wednesday round up: Domitrovic on Eichengreen; Boudreaux on mercantilism; Steil on deflation.

From Forbes, Brian Domitrovic responds to Barry Eichengreen’s latest anti-gold standard remarks.

At Café Hayek, Don Boudreaux notes the mercantilist roots of an Obama Administration trade policy.

In The WSJ, Stephen Moore reports Kansas’ progress towards a tax cut.

On The Kudlow Report, Benn Steil discusses whether the rising dollar, falling gold and weakening stock market suggest deflation:



At Parcbench, Scott Gillette advocates for a return to the gold standard.

From Free Banking, Steve Horowitz rebuts Paul Krugman’s history of Gilded Age banking.

In The WSJ, Stephen Moore notes the debate over tax cuts among Oklahoma Republicans.

From First Trust, Brian Wesbury suggests government not banks need a stress test.

Sunday, May 13, 2012

Wednesday items: Domitrovic on Krugman; Grant on the Fed; Kudlow on Romney.

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.

Thursday, May 3, 2012

Wednesday round up: Domitrovic on euro/dollar instability; Hanke on Europe; Laffer on the weak economy.

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 Sun applauds 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 NYT reports 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.

Thursday, April 26, 2012

Thursday update: Woodhill on growth vs. fairness; Rickards on gold and the IMF; Kudlow on Geithner and Bernanke.

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 WSJ urges 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.

Thursday, April 19, 2012

Wednesday summary: Domitrovic on Don Devine; Jenkins on inequality; PIIE's Lardy on the yuan.

From Forbes, Brian Domitrovic highlights Donald Devine’s spending cuts during the Reagan era.

At The WSJ, Holman Jenkins diagnoses inequality obsession.

In The WSJ, Stephen Moore notes the Senate vote on the Republican small business tax bill.

On The Kudlow Report, Sen. Kay Bailey-Hutchison (TX) debates the plan:



The WSJ explains that yuan convertibility will require substantial financial liberalization in China.

From the Peterson Institute for International Economics, Nicholas Lardy argues that with its current account surplus down and its currency higher, there’s no cause to press China to raise the yuan further.

And on the downside, The Washington Post reports PIIE chief Fred Bergsten making common cause with Occupy Wall Street.

On TGSN, Ralph Benko highlights a pro-gold article by Princeton scholar and one-time Ben Bernanke collaborator Harold James.

At The American, James Pethokoukis critiques arguments that the US should return to 1950s tax rates.

From First Trust, Brian Wesbury suggests big government doesn’t make one any more secure from life’s risks.

In The WSJ, US Trade Rep. Ron Kirk notes rising export of US services.

Monday, April 16, 2012

Monday summary: The Spectator on Sweden's success; O'Grady on Fed policy's impact on Brazil; Kadlec on Laffer's new book.

From The Spectator (UK), Fraser Nelson highlights Sweden’s tax cutting success.

On Forbes, Charles Kadlec reviews Art Laffer’s new book on state tax competitiveness.

In The WSJ, Mary Anastasia O’Grady explains how Ben Bernanke’s low dollar is damaging Brazilian exporters and creating political pressures for its government.

At The WSJ, O’Grady discusses the Fed’s fear of incipient inflation:



At Forbes, Ralph Benko suggests obedience to authority helps explain Washington’s aversion to the gold standard.

The WSJ reports China widening the yuan’s trading range.

From TWS, Bill Kristol rebuts the suggestion that President Reagan favored tax hikes on the rich.

At Forbes, Brian Wesbury argues spending cuts are required to save America from a VAT.

On The Kudlow Report, Larry debates the Buffett Tax vote with Jared Bernstein:



At Forbes, John Tamny critiques lotteries for funding larger government.

In The NYT, Greg Mankiw suggests competition is good for governments too.

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, March 21, 2012

Wednesday round up: Moore and Kudlow applaud the Ryan plan; Bernanke opposes the gold standard; Domitrovic rebuts Romer on supply-side economics.

US Rep. Paul Ryan (WI) advocates his budget and tax plan:



In The WSJ, Stephen Moore applauds Ryan’s proposal.

On NRO, Larry Kudlow emphasizes the Ryan plan’s supply-side tax cuts.

Reuters reports Federal Reserve Chairman Ben Bernanke criticizing the gold standard.

The NY Sun responds to Bernanke.

On CNBC, Larry Kudlow discusses Mitt Romney and Bernanke’s remarks:



In Forbes, Brian Domitrovic rebuts Christina Romer’s critique of supply-side economics.

On Bloomberg, Robert Mundell advocates greater US fiscal discipline.

At Fitsnews, Ralph Benko reports South Carolina’s consideration of gold and silver as legal tender.

From First Trust, Brian Wesbury highlights the Fed’s move away from QE3.

At a press conference, US Rep. Eric Cantor (VA) announces the House Small Business Tax Cut Act to provide a tax deduction equal to 20% of their active business income.



Rush Limbaugh applauds Mitt Romney’s more pugnacious economic message but wonders if he means it (h/t: Jerry Bowyer).

From Business Insider, Joe Weisenthal argues the eurozone’s problems stem from the euro’s similarity to the gold standard. He fails to consider that under an international gold standard, the euro would not be pushed so high by the low dollar.

On Forbes, John Tamny suggests the blockbuster Hunger Games book and film is an anti-government parable.

Thursday, March 15, 2012

Thursday items: Wesbury rebuts pessimists; Woodhill assesses Ted Cruz; Shelton talks sound money.

From First Trust, Brian Wesbury rebuts market bears.

On Forbes, Louis Woodhill assesses the economic plan of Senate candidate and “Great Conservative Hope” Ted Cruz (TX).

From Atlas Foundation, Judy Shelton discusses sound money, Bretton Woods, her idea for Treasury Trust Bonds, and Robert Mundell's euro:



In The WSJ, Joseph Sternberg predicts rare-earth elements will be cheap and plentiful in future.

From Bloomberg, Amity Shlaes doubts the Fed’s idea of controlled, modest inflation.

TGSN features CPAC video of John Mueller, Jeffrey Bell and James Grant discussing the gold standard:



On NPR, supply-sider Jeff Bell highlights the importance of social issues to key segments of the electorate.

Wednesday, March 14, 2012

Wednesday round up: Hassett and Hubbard on corporate tax plans; The NY Sun on oil and the dollar; Lewis on the classical gold standard and current account deficits.

In The WSJ, Kevin Hassett and Glenn Hubbard analyze the candidates’ corporate tax reform plans.

The NY Sun argues monetary policy is driving high oil prices.

From First Trust, Brian Wesbury sees no sign of QE3 coming.

On The Kudlow Report, Larry discusses the GOP race after Rick Santorum’s victories in Alabama and Mississippi:



At TGSN, Ralph Benko reprints Lawrence White’s argument that the US has enough gold to transition to the classical gold standard.

From NWE, Nathan Lewis counters the claim that the classical gold standard limited current account deficits.

On CNBC, Steve Forbes discusses the GOP candidates.



At Reuters, Chris Papagianis notes three disturbing trends in commercial banking.

Monday, March 12, 2012

Monday items: Kadlec urges the House GOP to claim credit for rising employment; Forbes on the dollar and oil; Wesbury doubts inflation is 8%.

From Forbes, Charles Kadlec urges House Republicans to take credit for the improving economy.

The WSJ notes the US debt burden will soar if interest rates rise from their historically low level.

In Forbes, Steve Forbes links oil’s price rise to the dollar’s decline.

On The Kudlow Report, Brian Wesbury debates the claim that everyday prices point to an 8% inflation rate:



On International Liberty, Dan Mitchell applauds Sen. Rand Paul’s (KY) plan to slow federal spending.

At Forbes, Ralph Benko reviews James Rickards’ Currency Wars.

On RCM, Louis Woodhill argues the economy is doing better because monetary and fiscal stimulus have largely stopped.

In The WSJ, Charles Calomiris advocates the Fed should increase its cash reserve requirement to restrain inflation.

From The Independent Institute, Robert Higgs predicts the deficit and monetary splurge of recent years will have long-term consequences.

On Kudlow, our pal Sean Spicer of the RNC argues the President’s policies contribute to high gas prices:



At RCM, Robert Samuelson analyzes Japan’s two lost decades but mostly avoids its soaring exchange rate versus the dollar.

On Slate, Wei Gu and Edward Hadas suggest China’s trade deficit points to a fundamental shift towards consumption in its economy.

Sunday, March 11, 2012

Wednesday round up: Breen critiques Romney's tax plan; China won't revalue its currency; IBD refutes Krugman on Reagan's Keynesian record.

At Supply-Side Forum, Ed Breen critiques the Romney tax plan.

The WSJ notes the Fed is weighing sterilized bond purchases (h/t: Larry Kudlow).

Reuters reports China refuses to bow to US pressure to appreciate the yuan (h/t: Bretton Woods Research).

On The Kudlow Report, former RNC Chairman Ed Gillespie suggests Obamacare should be central to the 2012 campaign:



IBD rebuts Paul Krugman's claim that President Reagan was a better Keynesian than President Obama.

From First Trust, Brian Wesbury highlights the French proposal to raise the top tax rate to 75%.

In IBD, James Carter and Jason Fichtner advocate the corporate tax becoming a major campaign issue.

At CNBC, John Carney contrasts Austrian economics with Modern Monetary Theory.

In Forbes, Richard Salsman advocates positive financial reforms.

At TGSN, Ralph Benko notes the monetary difficulties following abolition of the First National Bank.

The Federation for American Immigration Reform argues against legal immigration. H/t Bruce Bartlett: “As I have long said, those that are opposed to illegal immigration are really opposed to legal immigration as well.”



Businessweek reports cigarettes are the most stable international currency.

On Modeled Behavior, Karl Smith agrees with Paul Krugman that opponents of demand-side solutions to the 2008 financial crisis destructively undermined a helpful consensus.