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Policy and Government

In the Washington Times, Stephen Moore says Joe Biden wants to claim credit for Trump’s economy.

Per Peter Wade at Rolling Stone, “during a Sunday interview with host John Catsimatidis on his New York radio show called “The Answer,” former White House Chief Strategist Steve Bannon said House Speaker Nancy Pelosi is “winning” the battle to impeach President Donald Trump.

“Bannon says his motives for speaking out are to help fend off impeachment, so he’s promoting a new podcast called “War Room: Impeachment” because “we gotta get organized right now,” Bannon said.”

Monetary

The NY Sun editorial board scolds Congress for its luddite hassling of Facebook founder Mark Zuckerberg in a recent House Financial Services Committee hearing:

Forgive us, but whom would you trust to issue a currency — the Congress that regulates our dollar or the youthful tycoon who made $100 billion tapping on his laptop? The securities of Mr. Zuckerberg’s company have soared to one of the greatest fortunes in history. The value of notes issued by Congress have collapsed by as much as 98% or more — just in the century since the creation of our central bank.

We comprehend that the showdown with Facebook involves more than just the question of Libra. It is, though, the monetary question, the prospect of a new currency, that rivets our attention as we stagger onward covering the long march to monetary reform in the years since the collapse of Bretton Woods. We may be advocates of the gold standard, but we’re not indifferent to the newsworthiness of Libra.

[Disclosure: Committee Members Stephen Moore and Ralph Benko are co-founders of Libra rival cryptocurrency Frax.finance.]

From Forbes.com, Steve Hanke says monetary policy is hurting corporate profits.

MarketWatch reports the Fed is in full-scale intervention mode.

Tax

Politico reports Director Kudlow is eyeing bracket reduction in future tax reform.

Spending

CNBC reports Microsoft landed the JEDI contract.