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Politics and Government

At Forbes.com, John Tamny writes sorry gloomy pundits, the millenial generation will be the richest of them all.

Fox News reports that, by the IMF’s calculation, China has surpassed the U.S. to become the world’s largest economy.

At the Menger Center, Paul-Martin Foss says stability will always remain elusive in a free market.

Monetary Reform

At Forbes.com, Nathan Lewis says the intellectual foundation for monetary reform is falling into place.

George Selgin at Cato, quotes David Hume’s observations on money.

Monetary: The NY Fed’s Liberty Street Economics describes Americas First Economic Crisis.

In the WSJ, Jon Hilsenrath writes the Fed’s simulations are calling for a rate hike soon.

Tax

From Businessweek, Haley Geffen interviews Dick Cheney, Donald Rumsfeld, and Art Laffer on the napkin doodle that launched a supply-side revolution.

World

At Reuters, ECB’s Weidnmann says monetary policy is too expansive for Germany, extremely low interest rates allow countries to avoid structural reforms.