From Forbes, Brian Domitrovic argues that although President Reagan’s tax increases after 1982 were a mistake, the effect of the 1981-83 marginal rate cuts, plus deregulation, plus plummeting inflation, enabled the historic expansion and increased federal revenue.
At Forbes, Louis Woodhill cites Britain’s current economic mess as proof that raising taxes to solve budget deficits doesn’t work.
On The Kudlow Report, Stephen Moore debates soak the rich rhetoric:
At RCM, Steve Hanke suggests that Europe’s heightened capital-asset requirements are responsible for economic and financial weakness.
On NRO, Larry Kudlow argues the Gang of Six plan is pro growth and worth considering.
IBD features part 2 of Thomas Sowell’s Senate testimony on taxes, focused on Andrew Mellon.
On Kudlow, David Goldman and Dan Mitchell discuss the US credit rating:
At TGSN, Ralph Benko argues the new monetarism requires focus on monetary quality, not quantity.
On his blog, former George W. Bush Secretary official John B. Taylor explains he is a New Keynesian but opposes key elements of Old Keynesianism.
From First Trust, Brian Wesbury predicts stronger growth in the second half of the year.
At TGSN, Lew Lehrman explains that the gold standard is a yardstick:
Bloomberg suggests Starve the Beast is discredited.