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.

Wednesday summary: Hanke on a gold-based currency board; The WSJ challenges the European economic debate; Hubbard says taxes will increase on all taxpayers.

From Globe Asia, Steve Hanke advocates creating a gold-based currency board.

The WSJ debunks the Keynesian debate between European austerity and fiscal stimulus.

On C-CPAN, Steve Forbes discusses the dollar and taxes:



In The WSJ, Glenn Hubbard argues the President’s spending plans will require tax increases on all taxpayers.

At Bloomberg, David Rocks links the euro’s surprising strength to the weak dollar.

From Forbes, Allstate’s Tom Wilson argues the Fed needs a single mandate requiring price stability.

On The Kudlow Report, Frederic Mishkin doubts Fed monetary creation will lead to increased inflation:



At Bloomberg, Francis Wilkinson critiques Art Laffer and Stephen Moore’s Rich States, Poor States.

Monday update: Shelton advocates the gold standard and Kristol affirms; Lewis on the capital-to-labor ratio; Kudlow: Reid's proposal a victory.

From The Weekly Standard, Judy Shelton makes the case for returning to the gold standard.

At The Standard’s blog, Bill Kristol extends Shelton’s argument:

So when we get through the debt ceiling negotiations, and as Republicans continue to focus on the big changes that need to happen in fiscal and tax policy, some of them might want to turn their attention to the third leg of the economic stool—monetary policy.

On New World Economics, Nathan Lewis explains the importance of raising the capital-to-labor ratio.

At NRO, Larry Kudlow sees the Reid debt proposal as a victory for conservatives.

On The Kudlow Report, James Pethokoukis debates the debt ceiling:




In The WSJ, Stephen Moore chides Democrats for their newfound fondness for President Reagan.

At Forbes, John Tamny gives a positive review to William R. Rhodes’ Banker to the World.

On TGSN, Ralph Benko notes the Swiss Parliament’s interest in relinking its currency to gold.

Kudlow reports Mitt Romney’s front-runner status:




At NRO, Ramesh Ponnuru calls Romney’s rise “a marriage of convenience.”

On Forbes, libertarian Timothy Lee doubts the inflation warnings of many free-market economists, but omits supply-side guru Robert Mundell from his list of prominent inflation doves.

In The Economist, Will Wilkinson notes Lee’s skepticism and remembers Milton Friedman’s deflationary analysis of the Great Depression.

At COAL, Paul Krugman also cites Lee and argues John Hicks’ Keynesianism has predicted correctly the current crisis.

On Forbes, Ralph Benko scolds the President for scare tactics and a proposed tax increase as part of the debt ceiling negotiation.

At Forbes, Rich Danker reports the legislative beginning of a modern gold standard.

Thursday items.

Politifact, The St. Petersburg Times’s fact-check site, finds Stephen Moore was wrong and Rachel Maddow was right about income growth during the Reagan years. (Original clip here.)

From 2007, Alan Reynolds denies that inequality has risen substantially since the 1970s.

Cato’s Dan Mitchell compares economic growth under Reagan vs. Obama.



On RCM, John Tamny points out that oil prices are set on the world market regardless of whether the U.S. buys oil from the Middle East.

At Forbes, Jerry Bowyer links Egypt’s current dollar-related upheaval to past world instability.

On The Kudlow Report, Larry Kudlow rebuts Ben Bernanke’s claims that the weak dollar hasn’t impacted grain prices in Egypt:




On The Gold Standard Now, Ralph Benko adds a third response to Paul Krugman on gold.

At The Daily Reckoning, Eric Fry blames the Federal Reserve for the dollar’s decline.

On The Daily, Will Wilkinson defends immigration.

Monday update.

In The WSJ, Stephen Moore and Richard Vedder argue higher taxes don’t lead to lower deficits.

Reuters reports supply-side guru Robert Mundell advising Gulf states to maintain their fixes to the dollar.

On The Kudlow Report, Larry and Steve Forbes discuss the role the weak dollar played in the mortgage crisis:




In The NYT, Greg Mankiw praises the Bowles-Simpson plan for eliminating tax expenditures and reducing tax rates.

On Forbes, Rich Karlgaard sees prices rising despite low core inflation statistics.

On The Huffington Post, Amanda Terkel reports on Warren Buffet’s demand-side analysis of not raising tax rates.

"I think that people at the high end, people like myself, should be paying a lot more in taxes. We have it better than we've ever had it," he told ABC's Christiane Amanpour in a clip played on "This Week" on Sunday.

When Amanpour pointed to critics' claims that the very wealthy need tax cuts to spur business and capitalism, Buffett replied, "The rich are always going to say that, you know, 'Just give us more money, and we'll go out and spend more, and then it will all trickle down to the rest of you.' But that has not worked the last 10 years, and I hope the American public is catching on."

In Business Week, Chris Farrell blames Ireland’s trouble on supply-side economics.

At The Economist, Will Wilkinson rebuts The NYT’s Nicholas Kristof on income inequality.

On The WSJ, Financial Crisis Inquiry Commission member Peter Wallison suggests government policy caused the mortgage and financial meltdown, but leaves out the weak dollar:




MarketWatch reports China is considering raising the yuan to stave off inflation.

On Youtube, Don Boudreaux provides an animated conversation US/China trade:

Weekend items.

At The WSJ, Andrew Bratson worries a rising yuan could derail China’s progress.

Larry Kudlow sees rising gold signaling inflation.

At The Kudlow Report, Stephen Moore debates tax cuts.



At New World Economics, Nathan Lewis examines the service economy.

Economist blogger Will Wilkinson suggests claims of rising inequality are exaggerated.

At The Washington Post, Neil Irwin advocates a dose of inflation to improve the economy.

From August, Steve Forbes speaks on tax reform.



George Will discusses Fidel Castro’s recent comments on the Cuban economic model's failure.

From 2000, Jude Wanniski analyzes how to help Cuba transition to a market economy.

Thursday items.

At NRO, Don Luskin suggests uncertain Fed policy is disrupting the economy.

At The American Spectator, James P. Gannon laments the Fed's impact on his savings account.

At Asia Times, David Goldman offers a bleak assessment of the economy.

At Classical Capital, Wayne Jett foresees a U.S. default.

On the Kudlow Report, Stephen Moore debates the super rich tax rate idea.

US News blogger Peter Roff predicts an October Surprise of a partial tax cut extension.

The WSJ reports small business owners fear tax increases.

At The Economist, Will Wilkinson rebuts the notion that inequality caused the economic crisis.

Market Watch's David Callaway says the Fed's Jackson Hole retreat will be "more goat rodeo than Bretton Woods."

At Commentary, James Glassman argues the continued malaise confirms the failure of liberal economics.