Last week had been teased as Larry Kudlow’s final radio show, but his show was on today and it really did sound like a final show. Steve Forbes joined the show in the final half hour for the money and politics panel.
Congressman Alex Mooney in today’s Wall Street Journal:
On Thursday I introduced a bill that would return the dollar to the gold standard—the first such attempt since Jack Kemp’s Gold Standard Act of 1984. Under this legislation the Fed would still exist, but it would administer the money supply rather than dictate it. Instead the market would be in charge, the supply and demand for money would match up, and prices would be shaped by economics rather than the instincts of bureaucrats.
Like President Trump, I believe that success is again possible for Americans who go to work every day and build things. Mr. Trump’s vision of how the American economy could and should work resonated with voters in 2016. Returning to the gold standard is a way for the president to deliver on his promise of American working-class prosperity.
What was possibly Larry Kudlow’s last Saturday radio program for a while, as he moves on to become President Trump’s top economic advisor. Beginning in the 39:00 mark, Larry talks with Art Laffer.
Larry Kudlow and Steve Moore in today’s Wall Street Journal.
Brian Domitrovic offers a concise history of tariffs at Forbes.com:
A tariff “for revenue” was one where a rate was set low enough for the good in question to flow into the country in sufficient quantity to bring in increasing receipts to the government. A “prohibitive” tariff was one that was so high, receipts would go up if a rate were lowered. The “Laffer curve” concept was the most discussed theorem in political-economic debates in the United States in the 19th century.
Today’s Larry Kudlow radio program:
Ryan Ellis at Forbes.com on the tax increases Democrats want to deliver:
Instead of figuring out how to raise taxes, Congressional Democrats would do better to work in a bipartisan manner to make the middle class and pro-jobs tax relief just passed into law permanent. A rising tide lifts all boats.