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Written by Editorial
- The New York Sun |
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Wednesday, April 24, 2013 |
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For those of us who spent the Reagan revolution arguing against the idea of austerity and instead in favor of supply-side tax cuts, it’s quite something to cover the eruption in the 21st century of the latest feud among economists. A generation ago we didn’t argue against spending cuts, simply that sometimes it was better to borrow than tax. Today’s dispute has been triggered by the Nobel laureate Paul Krugman, who, in his column in the Times, has been going after Harvard’s Kenneth Rogoff. This for the warnings by Mr. R Read more |
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Written by Editorial
- The New York SUn |
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Wednesday, February 06, 2013 |
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It’s starting to look like Virginia could yet emerge in a leading role among the states in respect of monetary reform. The lower chamber of its general assembly has passed a bill to underwrite a study of the feasibility of a monetary unit based on a metallic standard. It is one of a number of states that are reaching deep into the Constitution of the United States to protect themselves in an era when the value of the dollars issued by the federal government is collapsing.
We wrote about the situation in the Old Dominion Read more |
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Written by Editorial
- The New York Sun |
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Monday, October 15, 2012 |
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When Governor Romney meets President Obama for the next debate, the question for which we are going to cock an ear is monetary policy. Mr. Obama is constantly talking about the crisis he inherited. The dollar he inherited had a value of an 850th of an ounce of gold. Its value over the course of Mr. Obama’s nearly four years in office has plunged to less than half of what it was worth when Mr. Obama was sworn. What does President Obama have to say for himself? And will Mr. Romney press the point?
There are those Read more |
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Written by Editorial
- The New York Sun |
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Thursday, September 27, 2012 |
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It would be too much to say that the government of Free Germany, as we are still wont to call it, is taking steps toward the gold standard. After all, no committee beckons in the Bundestag. The government is entangled with Spain and Greece and the scrip known as the Euro. The newspapers are mum. It would not be too much, though, to say that the latest report from the Deutsche Bank, the country’s leading private bank, is a newsworthy document, even if it will slide past up the bien pensant salons of Europe.
Deutsche Read more |
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Written by Editorial
- The New York Sun |
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Wednesday, September 19, 2012 |
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“Are Bernanke and Co. losing faith?” asks a headline atop the front page of the Financial Times. It runs with a picture of the chairman of the Federal Reserve as he stares at a headline that says: “Central bank blues.” The scoop is by Robin Harding and Christopher Giles and runs inside the paper with yet another headline, which says: “As central bankers begin to doubt that their activist policies still have the power to boost demand, some economists are starting to call for radical new measures.”
The FT makes it Read more |
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