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 WSJpans 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.
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 Forbes, Louis Woodhill argues the proper gold price for
dollar relinking should be discovered by markets using transparent rules. On TGSN, Ralph Benko prefers a market mechanism to find the proper gold
price.
At RCM, John Tamny disputes myths about the long-term
unemployed.
On The Kudlow Report, David Goldman argues deflationary
risk is high:
The NY Sunrecounts the last time the Republican platform
supported a dollar convertible to gold.
On TGSN, Benko recounts the story of The Gold Bug. At Seeking Alpha, Jeffrey Rosen discusses the Laffer
Curve. On The Circle Bastiat, Joseph Salerno offers an
alternative explanation of the 19th century financial panics. The NYTreports China’s falling yuan (h/t: James
Pethokoukis). The Koch Foundation makes the case for economic freedom
in 60 seconds:
At The FT, Martin Wolf suggests low tax rates don’t align
with productivity and growth.
At Forbes, Louis Woodhill skewers the false debate between austerity and Keynesianism.
In The WSJ, Robert Barro explains that austerity hasn’t failed in Germany and Sweden.
A video from Save Our Savers mocks the the Bank of England’s Monetary Policy Committee.
At TGSN, Ralph Benko remembers President Ford’s failed efforts to whip inflation. In The WSJ, Stephen Moore reports US Rep. Paul Ryan’s (WI) effort to prevent defense spending cuts. In The Washington Post, George Will treads (lightly) into supply-side territory with a critique of Obamacare’s tax hike. From the comedy archive, Parks & Recreation’s Ron Swanson explains taxes (h/t: Jonah Goldberg):
In The WSJ, Arthur Herman urges President Obama to follow FDR’s embrace of industry during WW II.
From Forbes, Ralph Benko reports congressional sound money legislation.
At RCM, Louis Woodhill explains the terrible employment data. In Forbes, John Tamny analyzes the problem of reliance on GDP. On The Kudlow Report, Benn Steil discusses the eurozone crisis:
At The WSJ, James Bovard highlights efforts to create a happiness index to replace weak GDP statistics. From PJ Media, David Goldman explains declining labor force participation. On RCM, Keynesian Paul Samuelson sides with Ben Bernanke over Paul Krugman on inflation. At RCM, Bill Frezza notes the negative economic consequences of restrictive immigration policy. The Mises Institute features Robert Wenzel’s NY Fed speech, in which he cites his warning of the dramatic monetary tightening of summer 2008:
After growing at near double digit rates for months, money growth has slowed dramatically. Annualized money growth over the last 3 months is only 5.2 percent. Over the last two months, there has been zero growth in the M2NSA money measure.
This is something that must be watched carefully. If such a dramatic slowdown continues, a severe recession is inevitable.
We have never seen such a dramatic change in money supply growth from a double digit climb to 5 percent growth. Does Bernanke have any clue as to what the hell he is doing?
The WSJsuggests the new French president follow German chancellor Gerhard Schroder’s example.
At The NYT, Paul Krugman advocates breaking up the euro.
In The WSJ, Jon Huntsman notes the Chinese government’s profound economic insecurity.
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.
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, 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.
The WSJargues the Buffett Rule will reduce federal tax revenue.
Heritage highlights the Taxmageddon coming in 2013. From NRO, Larry Kudlow clarifies the Reagan record on tax hikes such as the Buffett Rule. At The WSJ, Mary Anastasia O’Grady discusses Reagan’s tax record:
ALEC releases Art Laffer’s state index of state economic competitiveness. From The American Spectator, Peter Ferrara and Stephen Moore oppose using equality to make tax policy. At Forbes, Louis Woodhill laments Spain’s tax increases on top of an already weak economy. NPR features Robert Mundell suggesting Iceland may do well to replace the krona with a large nation’s currency. On Hardball, Stephen Moore debates tax policy:
The NYTreports an initiative to make diamonds an investment commodity like gold. In The WSJ, Stephen Moore notes the President’s opposition to the DC school voucher program for low-income kids. At Forbes, John Tamny wonders why so many conservatives supported Rick Santorum. On MSNBC, Steve Forbes discusses Mitt Romney’s chances versus President Obama.
On Bloomberg, Mundell explains how to accept a Nobel Prize.
At Forbes, Ralph Benko notes liberal opposition to US Rep. Kevin Brady’s Sound Dollar Act.
The editors of e21 analyze the tax contribution of the top 1% of earners.
At Forbes, David Malpass proposes a stronger dollar and tax reform to rev up growth. On The Kudlow Report, Malpass discusses the unemployment report and the Fed:
From NRO, Larry Kudlow shrugs at the weak employment report.
At RCM, Louis Woodhill highlights the recent poor employment report.
On NRO, Kudlow links Ben Bernanke’s backing off QE3 to declining commodities.
In The Telegraph, Ambrose Evans Pritchard examines gold’s recent decline.
From Project Syndicate, Daniel Gros compares dollar and euro easing.
In The WSJ, Kevin Warsh argues households deserve credit for the improving economy.
Also in The WSJ, Stephen Moore highlights Gov. Bill Haslam of Tennessee.
On The Kudlow Report, Dan Mitchell debates the Bush tax cuts’ expiration:
In The NYT, Benn Steil remembers the spy scandal that gave the US leadership of the World Bank rather than the IMF.
The CSMreports illegal immigration drying up in response to the weak economy.
From Forbes, Louis Woodhill discounts the stock market against gold.
At The American, James Pethokoukis highlights a debate over economic growth. In The WSJ, Martin Feldstein hopes bond vigilantes will discipline Europe’s government spending. On The Kudlow Report, Art Laffer argues spending cuts would lead to stronger economic growth:
At Townhall, John Stossel promotes a free market in currency. Author Jeremy Hammond compares economic analyses from US Rep. Ron Paul (TX) and Keynesian Paul Krugman. The Houston Chroniclereports a speech by Art Laffer. From Newsmax, Steve Forbes predicts return to recession if the President is re-elected.
From The Atlas Sound Money Project, Nicolas Cachanosky critiques the government’s dollar management.
From TGSN, Ralph Benko rebuts the report of the Chatham House Gold Taskforce.
In Forbes, Peter Ferrara defends US Rep. Paul Ryan’s (WI) budget and tax plan.
From NWE, Nathan Lewis explains the tight money roots of the 1920 recession.
At RCM, John Tamny refutes the claim that the stock market has risen due to Fed policy.
On Market Watch, Art Laffer discusses the tax cliff coming in 2013:
In The WSJ, John B. Taylor argues that rules-based monetary policy is clearly superior to discretionary policy. In Forbes, Louis Woodhill critiques spending stimulus. On NRO, Larry Kudlow pans the President’s attacks on the oil industry and the wealthy. Also on NRO, Kudlow suggests Mitt Romney will be advantaged if the Supreme Court overturns Obamacare. In The NY Post, Dan Mitchell blames the President for weak economy. At Forbes, Jerry Bowyer continues his analysis of the gold price. In The WSJ, Stephen Moore profiles Gov. Rick Scott. On CNBC, Kudlow discusses oil’s price:
Politicoreports Republicans fear Hispanic opposition at the ballot box. On Oklahoma Public Radio, a snarky Prof. Jonathan Willmer opposes Laffer’s proposed state tax rate cuts. The OC Registerapplauds Laffer’s state tax reform proposal.
At RCM, Louis Woodhill critiques Ben Bernanke’s anti-gold speech, citing Barry Eichengreen’s Golden Fetters to argue for a gold-price rule rather than a full gold standard.
In Forbes, Brian Domitrovic rebuts Bernanke and disputes Eichengreen’s analysis.
The EPPC features an excellent FT article on global currency by Martin Wolf and a John Mueller response advocating the gold standard.
From Asia Times, Martin Hutchinson uses the Laffer Curve to assess optimum tax rates.
On The Kudlow Report, US Rep. Paul Ryan (WI) argues Obamacare will push employers out of offering health insurance and bankrupt the government:
In The NY Sun, Ira Stoll critiques US Rep. Paul Ryan’s (WI) budget plan.
At Calafia Beach Pundit, Scott Grannis suggests Ben Bernanke’s monetary policy is too cautious.
Bloomberg features a history of the dollar, gold and debt. (And here.)
In The NYT, Bruce Bartlett acknowledges that the British experiment with 50% top tax rates has failed.
At Globe Asia, Steve Hanke rebuts China-trade hawks.
From Bloomberg, John Cochrane argues Europe needs growth rather than Keynesian deficit stimulus.
At The American, James Pethokoukis highlights academic studies showing tax rates substantially impact economic activity. On CNBC, Ron Paul (TX) pans US Rep. Paul Ryan’s (WI) budget for insufficient spending cuts:
At IBD, Alan Reynolds and Steven Slein examine the Buffett Rule’s likely impact on corporate dividends. The WSJnotes a scoring analysis showing the Buffett Rule would yield little revenue. At TGSN, Ralph Benko explains the monetary roots of the Panic of 1837. On Forbes, Louis Woodhill critiques the President’s recent energy speech. At Forbes, Jerry Bowyer analyzes the gold price’s recent decline. From Comedy Central, South Park satirizes the weak-dollar cash-for-gold market:
The NYTreports Britain cutting its top tax rate (minimally) while maintaining spending austerity.
The Washington City Papercalls supply-side economics a con.
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.
From Forbes, Brian Domitrovic explains the weak dollar caused the real estate bubble.
In The NY Sun, Ira Stoll notes the problems for savers with zero interest rates.
At RCM, John Tamny suggests there’s nothing wrong with China’s new trade deficit.
On The Kudlow Report, John Rutledge discusses the US’s tough trade stance towards China:
At TGSN, Ralph Benko highlights Jacques Rueff’s analysis of the monetary errors that led to the Great Depression. In The Washington Times, Richard Rahn argues the world economy’s future is bearish. From Alhambra Partners, Joe Calhoun expresses pessimism about the economy. At Hindu Business Line, G. Ramachandran links Robert Mundell’s euro to the Roman Empire. On The WSJ, Paul Gigot discusses Newt Gingrich’s prospects in the southern primary states:
On Econlog, David Henderson disputes Louis Woodhill’s analysis of gold and oil.
In The NYT, Bruce Bartlett advocates higher tax rates to raise more revenues.
