The Rising Dollar and the Market’s Decline.
Last May in The WSJ, I noted that despite commodity inflation, supply-side guru Robert Mundell predicted “a return to recession later this year when QE2
October 5, 2011
Day: October 5, 2011
The WSJ and NY Sun critique the China tariff bill; Domitrovic on bipartisan spending cuts; Taylor and Cogan say stimulus is bad for politicians.
AP reports Fed Chairman Bernanke suggesting the economy is close to faltering. The WSJ blasts the President and Mitt Romney for supporting the China tariff.
October 5, 2011
Congress takes up tariff legislation against China; Mundell advocates a global currency; Benko responds to North.
From Bloomberg, Jim Abrams reports Congress is proceeding with efforts to tariff China unless it revalues its currency. In The NYT, Paul Krugman echoes Fred
October 5, 2011
Weekend update: Lewis and Moore on the flat tax; McKinnon, Weisenthal and Bowyeron interest rates; Woodhill on sound money and America’s enemies.
From Forbes, Nathan Lewis notes the success of flat tax reforms around the world. In The WSJ, Ronald McKinnon suggests the Fed’s loose money policies
October 5, 2011