Politics and Government
The Daily Caller reports on Australia’s repudiation of carbon taxes in their recent election.
On Real Clear Politics, Larry Kudlow writes on ‘non-germane’ President Obama.
At Geekwire, Tom Alberg says George Gilder is right about the role entrepreneurs play in driving the economy.
Dan Mitchell testifies on the debt ceiling in front of the Joint Economic Committee.
Azizonomics shows the breakdown in the correlation between gold prices and The Federal Reserve’s balance sheet.
From Forbes.com, Ralph Benko writes as we approach The Federal Reserve’s 100th anniversary, a reform of The Fed gains currency.
The Chicago Fed published an article on forecasting inflation and the great recession.
Deutsche Bank Markets Research released a report entitled “Long-Term Asset Return Study- A Nominal Problem”, praised the real GDP growth under the classical gold standard:
“Real GDP growth is possible without a corresponding growth in MV. Without monetary growth/innovation, any increases in real GDP would simply be offset in nominal terms by productivity-driven deflation–the “value” of money relative to goods would increase as technological advances increased the supply of goods whilst the money supply remained constant (i.e. money would become relatively more scarce in comparison to goods). Indeed this pattern of real GDP growth and price level deflation was common before the twentieth century, a period dominated by the hard metal currency system of the Classical Gold Standard.”
At Forbes.com, Nathan Lewis says don’t be fooled, Shinzo Abe has Japan on the path toward economic ruin.
On TGSN, Kathleen Packard details how Wall street is feeding off quantitative easing.
From Forbes.com, John Tamny states Republicans will win the government shutdown battle if they promise voters private jets.
On Fox News, Art Laffer discusses the impact of bailouts five years after the financial crisis.