From The WSJ, David Malpass argues that a weak dollar means a weak economy.
At Forbes, Nathan Lewis outlines a path to gold-linked currency.
CNBC reports the head of one of China’s top rating agencies predicting the end of the dollar as world reserve currency.
On CNN, Steve Forbes hammers Larry Summers on the dollar in a larger discussion of the economy and the Standard & Poor’s downgrade:
At NRO, Larry Kudlow argues the President’s economic proposals won’t help.
In Forbes, John Tamny blames government interference in the economy for the ongoing malaise.
The NY Sun predicts the federal budget debate will eventually come back to sound, constitutional money.
At The Daily Caller, David Malpass offers ideas to stabilize Europe.
Risk.net reports supply-side guru Robert Mundell’s three strategies to save the euro:
In the short term, Mundell says policy is needed to manage the debt crisis. “This must involve austerity and adjustment along with policies for growth in the ailing countries,” he says.
For the intermediate run, he says policy is needed “to work towards some kind of fiscal harmonisation and authority”.
In his vision for the long run, Mundell says he believes the time is ripe to “take a big step towards the creation of the United States of Europe”….
Mundell says the “huge swings” in the dollar-euro rate were a significant problem, precipitating “both the Greek crisis and the Lehman et al crisis”.
In The WSJ, Stephen Moore likens the current environment to the time before the big 1986 tax reform. And in The Washington Post, Charles Krauthammer argues for a grand bargain featuring tax reform and spending cuts.
At Forbes, Peter Ferrara analyzes baseline budgeting’s impact on the deficit and taxes.
In The WSJ, Stephen Moore suggests the market fell last week because policy is still moving in the wrong direction.
Future of Capitalism cites Prof. Robert Mundell’s advocacy of cutting the corporate tax rate and making the Bush tax rates permanent in its 27 good ideas for growth.
On The Kudlow Report, Stephen Moore discusses S&P’s debt downgrade, based in part on Republican refusal to raise taxes:
At Forbes, Reuven Brenner advocates investment in Africa rather than aid handouts.
The WSJ argues Keynesian ideas have been tried and failed.
On Bloomberg, Caroline Baum suggests spending stimulus doesn’t work.
At RCM, Brian Wesbury and Robert Stein note the economy’s strong fundamentals.
On Kudlow, David Malpass sounds optimistic about Italy’s budget workout:
At Forbes, Nouriel Roubini predicts Ben Bernanke will enact QE3, but too late.
On his blog, conservative David Frum suggests Paul Krugman’s economic analysis has been right.
At COAL, Krugman comments on Frum’s analysis.
Also on COAL, Krugman reiterates his claim that the US is stuck in a liquidity trap requiring massive government spending and liquidity injections.