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 away from the weak dollar.
On NRO, Larry Kudlow applauds Speaker Boehner’s tough debt ceiling speech.
The Financial Times reports Speaker Boehner linked the falling dollar to high commodities in his speech (h/t/: Bretton Woods Research):
In his speech, Mr Boehner took an implicit swipe at the Federal Reserve, blaming it and the Obama administration for high petrol prices. “There’s a clear connection between high gas prices and the weak dollar that some in Washington have quietly welcomed over the past couple of years. It’s well known that when you print tons of money, the dollar sinks, and the price of food and energy rises significantly.”
On The Kudlow Report, David Goldman discusses U.S. negotiations with China:
At Human Events, John Hayward explains that a weak dollar means strong oil.
On New World Economics, Nathan Lewis measures commodity values against gold.
From Alhambra Investments, Joe Calhoun assesses last week’s dollar spike/commodity dip.
In The NYT, Mark Weisbrot recommends Greece withdraw from the euro and devalue its new currency.
From the Laffer Center archive, Art Laffer argues for a return to dollar convertability.
At NRO, Burt Fulsom suggests spending cuts caused the economic expansions of the 1920s and ‘40s, while spending increases caused the 1970s stagflation.