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Tuesday items: Domitrovic on Buffett; Romney outlines his economic plan; Goldman on consumer spending.

From Forbes, Brian Domitrovic quotes Warren Buffett’s father on debt and gold.

On Forbes, Ralph Benko counters arguments against a gold standard.

In USA Today, Gov. Mitt Romney (MA) outlines the 10 points of his 59-point economic plan, including middle class tax relief, spending cuts, expanding free trade, and reducing regulation. Sound money and stable exchange rates don’t rate a mention.

On Kudlow, Romney discusses his economic plan:


In The WSJ, Gov. Jon Huntsman (UT) outlines his plan for entrepreneurial growth, including Dodd-Frank repeal, Fannie and Freddie privatization, domestic energy production, free trade, and, as its capstone, major tax reform. Dollar reform is not included:

For individual taxpayers, we will introduce three drastically lower rates of 8%, 14% and 23%. Eliminating deductions and credits in favor of lower marginal rates will yield a simpler and more efficient system, decreasing the taxpayer burden. We’ll also use the increased revenue from closing loopholes to make business tax rates globally competitive and eliminate double taxes on investment, both measures that will encourage hiring.

On CNBC, Larry Kudlow offers ideas to liberate free enterprise.

At TGSN, Ralph Benko highlights a 2010 TV ad from my former employer, Citizens Against Government Waste.

On Kudlow, Stephen Moore discusses Romney’s economic plan:


From Pajamas Media, David Goldman challenges the Keynesian notion that we need to boost consumer spending.

The NY Sun cites The Federalist in support of sound currency.

The WSJ notes rising inflation in Korea:

Korea has been hit by the same dollar tidal wave the Federal Reserve has unleashed on the rest of the world. These inflows have caused inflation spikes all over, with consumer price rises of nearly 4.5% in Thailand, more than 3% in Malaysia, above 5% in Singapore and so forth in recent months. A weak-dollar policy out of Washington inevitably strains everyone else in what still is the Asian dollar bloc.

Korea, however, has managed to make matters worse by attempting a form of competitive devaluation of the won on the sly. Dollar inflows have also sparked currency appreciations in most corners of Asia, with the yen (up 17.5% vis-à-vis the dollar since January 2010), Singapore dollar (14%) and Thai baht (10%) leading the pack.

But in Seoul, the central bank has refrained from raising interest rates that are still negative after accounting for inflation, despite unsustainably robust growth and mounting evidence of rising prices. Data on foreign-exchange reserve accumulation over the past two years also suggest the government may be quietly buying dollars and selling won, although the government denies this.

McClatchy’s Kevin Hall reports small businesses aren’t concerned with regulation or taxes.

From Yahoo! Finance, World Bank chief Robert Zoellick discusses the world economy.

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