Do Oil Executives Understand Their Industry’s Economics?
On Thursday, CEOs from the five largest American oil companies testified in the U.S. Senate, ostensibly to defend $2 billion worth of tax write offs
May 15, 2011
Category: Blog
Thursday items: Benko, Calhoun and Woodhill on gold; Kudlow on the dollar; Tamny reviews When Money Dies.
From Daily Caller, Ralph Benko argues the gold standard is necessary to rejuvenate the economy.At RCM, Joe Calhoun explains how stabilizing the dollar against gold
May 15, 2011
Wednesday items: Forbes predicts return to gold standard; Stern supports lower corporate tax rates; Goldman on banks’ risk aversion.
From Human Events, Steve Forbes predicts a return to the gold standard in the next five years. The NY Sun notes that Forbes’ comments were
May 12, 2011
Tuesday summary: Domitrovic on Mexico buying gold; Kudlow on Boehner’s speech; Goldman on China.
From Forbes, Brian Domitrovic remembers the Soviet Union’s pursuit of gold to keep itself going.At TGSN, Domitrovic notes that Mexico is buying gold to get
May 11, 2011
Monday round up: Woodhill on Keynesianism; Rapoza on the yuan; Moore on Speaker Boehner’s debt limit speech.
From Forbes, John Tamny explains that policies for energy independence are counterproductive. On RCM, Louis Woodhill argues Keynesian spending doesn’t stimulate economic growth while supply-side
May 10, 2011
Weekend update: NY Sun reports on NYC gold standard debate; Shelton suggests gold to stabilize the financial system; Kudlow doubts GOP growth agenda.
The NY Sun reports on two extraordinary NYC debates on gold and the gold standard, including one attended by almost 1,000 people. In Forbes, Nathan
May 9, 2011
Thursday items: Woodhill on inflation; Luskin on the rising dollar; Mundell on the euro.
From Forbes, Louis Woodhill provides a satirical look at inflation. At RCM, John Tamny reviews CJ Maloney’s book on FDR. On The Kudlow Report, Don
May 6, 2011
Wednesday update: The WSJ on Canada’s conservatives; Rasmussen on Ryan’s budget; Goldman on the marker sell off.
The WSJ applauds the conservative victory in Canada. Enter the Harper government in 2006. It made tax cuts, a strong national defense and rationalizing government
May 5, 2011
Tuesday summary: Domitrovic on oil prices; Tamny on Stiglitz; Goldman on declining credit.
From Forbes, Brian Domitrovic notes the government profits handsomely from high oil prices. On RCM, John Tamny critiques Joseph Stiglitz for his recent claims that
May 4, 2011
Monday update: The Miller Center features discussion of Jack Kemp; Bloomberg calls for immigration reform; Benko says gold would reduce unemployment.
UVA’s Miller Center of Public Affairs features video of its Jack Kemp Oral History Project. From The WSJ, Mayor Michael Bloomberg (NY) links immigration reform
May 3, 2011