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Entries in Monetary Policy (80)

Tuesday
Aug192014

ALG's Daily Grind - Is the bell tolling for Common Core?

6

August 19, 2014

Permission to republish original opeds and cartoons granted.

Is the bell tolling for Common Core?
Not since conservatives virtually deserted the battlefield over textbook content and curricula in the 1970s leading to the gradual acceptance of the legitimacy of a federal Department of Education, has the public revolted against education policy so completely. 

Cartoon: Junior varsity terrorists?
Did Obama underestimate Isis in Iraq?

Yes, bank lending does create money
At least in England it does, according to the Bank of England. What about the U.S.?

John Fund: The Perry indictment's predecessor
"A similar crusade against Kay Bailey Hutchison crashed 20 years ago."

Thursday
Aug072014

ALG's Daily Grind - Do exchange rates matter?

6

August 7, 2014

Permission to republish original opeds and cartoons granted. 

Cartoon: Silver lining
Obama approval rating drops to record lows. 

Why exchange rates matter to trade
Can there be free trade with floating exchange rates or undervalued exchange rates pegged to the dollar?

Smith: Substituting debt for income is not success, it's failure on an epic scale
"The Fed's substitution of debt for income has only doomed the nation to a deeper, more painful realignment of real income and expenses."

  

August 7, 2014

Permission to republish original opeds and cartoons granted.

Cartoon: Silver lining
Obama approval rating drops to record lows.

Why exchange rates matter to trade
Can there be free trade with floating exchange rates or undervalued exchange rates pegged to the dollar?

Smith: Substituting debt for income is not success, it's failure on an epic scale
"The Fed's substitution of debt for income has only doomed the nation to a deeper, more painful realignment of real income and expenses."

 

Sunday
Aug032014

APP News Update: "When You Mess With People's Children They Start to Pay Attention." 

 

 
Issue Brief: Unaccompanied Minors at the Border
 
Emmett McGroarty Joins Glenn Beck's We Will Not Conform
 
On Common Core.
Common Core is not a political issue. It’s an issue of their children.  You can mess with a lot of things. You can have the IRS going after people. You can have the NSA spying on people, but when you start to mess with people’s children, they start to pay attention.”  - APP Senior Fellow Jane Robbins
Daily Caller Interview - 7/27/14
 
What the GOP Should Do

I was in the Eisenhower Lounge of the National Republican Club, where the executive directors of the RNC, the NSRC, the NRCC, the RGA, and the RSLC called a press conference to announce: The Rs think Republicans are going to win in November.

Mamie Eisenhower in her sweet pinball gown smiled gently down on the solid show of middle-aged men in suits, blue or grey, and ties ranging from red to auburn (only the NRCC’s Leisl Hickey broke the monotony). While the press turnout is good (the conference closes with a question from Luke Russert), the stories afterward were thin, with the Hill presenting dueling interpretations, “GOP Presents United 2014 Front,” and “GOP Primary Wounds Still Smarting."
Read the rest.

 
The Immigration Conflagoration
  Alfonso Aguilar, executive director of the Latino Partnership initiative at the conservative American Principles Project, warns that if Republicans "again fall for the trap" and try to overturn an Obama legalization plan without offering an alternative path to legal status, the party will condemn itself to another lopsided deficit among Hispanics—and to a likely defeat—in 2016. David Ayon, senior adviser to the polling firm Latino Decisions, says that if Republicans erupt against an Obama legalization initiative, it "could turn the Latino vote as ruggedly anti-Republican as the black vote."
Read the rest.
 
Opposition to Common Core in New York is Widespread


49% of New Yorkers want Common Core implementation stopped in a Siena College poll taken on July 13-16th of 774 likely New York voters. Only 39% want to see the standards implemented. The poll has a margin of error of +/- 3.5%.

60% of Republicans want to see the Common Core implementation stopped compared to 25% who support the Common Core. 47% of Democrats want to see the Common Core continued, but 40% do not. (Again this demonstrates Common Core opposition is not partisan.). 53% of independents want to see Common Core implementation stopped, while only 39% want to see it continued.

Read the rest.

 
Other articles:  Featured Tweet
 
Donate to American Principles Project
Saturday
Jul192014

APP News Update: More States End Common Core, the Border Crisis and more  

 
Aguilar on MSNBC's Reid Report
It's the Biflation, Stupid!
 
On Oklahoma Supreme Court Upholding Common Core Repeal “Today, the Oklahoma Supreme Court has upheld the power of the legislature to set education policy. In so doing, it has quashed the problematic, Progressive idea that the state board of education is vested with both legislative and executive powers."  - APP Education Dir. Emmett McGroarty
Breitbart News - 7/15/14
 
A Better Migrant Worker Plan Would Stem the Flow of Unaccompanied Children to the U.S.
By Alfonso Aguilar (NY Times)

The surge of unaccompanied minors entering through the southern United States border illegally is just another crisis produced by our dysfunctional immigration system. Contrary to the narrative of some opportunistic politicians and pundits, this unfortunate situation is not the result of the Obama administration failing to enforce the law. In reality, most would-be-migrants believe that crossing the border has become much more difficult, and in the last decade, the U.S. government has greatly strengthened border security and interior enforcement.

Increased violence in Central America – mainly El Salvador, Guatemala and Honduras – is said to be the immediate reason so many children are now coming to our borders alone. But many of these children are making the dangerous journey to reunite with their parents, who came here looking for a good-paying job and a better future. (read the rest)
 
Keene: Editing out an elightened history of America
In the early days of the American Republic, Thomas Jefferson was perhaps the staunchest advocate of public education. Jefferson authored a plan for public primary and secondary schools and is father of the University of Virginia. He would be appalled at the state of public education today.
  Jefferson loved reading and knowledge for its own sake, of course, but believed the success of the American experiment depended on an educational system that would instill a knowledge of history and values in the citizenry. He was not alone among the Founders in this belief, but few expressed themselves better. Jefferson was eloquent on the study of history as especially important because, as he put it, “apprising [students] of the past will enable them to judge of the future.” (read the rest)
 
Is Sound Money the Next "Big, Bold Idea" for Conservatives
By Paul Dupont

One of the important arguments made by last year’s American Principles in Action report, “Building a Winning GOP Coalition,” was that voters are concerned with rising prices and the shrinking value of the dollar, problems which could be addressed by “picking up the forgotten of the Reagan economic agenda: sound money.”  Monetary reform is a relevant and populist issue, one which would help Republicans connect effectively with the average voter, unlike their failed 2012 economic message.

Judy Shelton, senior fellow at the Atlas Economic Research Foundation, makes a similar case in the upcoming issue of The Weekly Standard (the article is available online here).  Dr. Shelton argues that supporting sound money is imperative for restoring economic prosperity, both in the U.S. and internationally, and that Republicans have much to gain by joining the movement to re-link the dollar to gold (read the rest)
 
Other articles: 
Wednesday
Jul162014

APIA - Is Paul Krugman Leaving Princeton in Quiet Disgrace? 

Dear Monetary Policy Observer,

 

Outgoing Princeton Professor Paul Krugman has been broadly criticized for his economic theories over the past year.  Forbes.com columnist Ralph Benko details how the former Federal Reserve Chairman, Paul Volcker, appears to be joining the criticism of Krugman’s argument that there isn’t enough inflation in the economy.

We hope you find this material of interest.

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Shortly after Krugman’s departure was announced no less than the revered Paul Volcker, himself a Princeton alum, made a comment — subject unnamed — sounding as if directed at Prof. Krugman.   It sounded like “Don’t let the saloon doors hit you on the way out.  Bub.”

To the Daily Princetonian (later reprised by the Wall Street Journal) Volcker stated with refreshing bluntness:

The responsibility of any central bank is price stability. … They ought to make sure that they are making policies that are convincing to the public and to the markets that they’re not going to tolerate inflation.

This was followed by a show-stopping statement:  “This kind of stuff that you’re being taught at Princeton disturbs me.”

Taught at Princeton by … whom?

Paul Krugman, perhaps?  Krugman, last year, wrote an op-ed for the New York Times entitled  Not Enough Inflation.  It betrayed an extremely louche, at best, attitude toward inflation’s insidious dangers. Smoking gun?


Volcker’s comment, in full context:

The responsibility of the government is to have a stable currency. This kind of stuff that you’re being taught at Princeton disturbs me. Your teachers must be telling you that if you’ve got expected inflation, then everybody adjusts and then it’s OK. Is that what they’re telling you? Where did the question come from?

Read the full article here:  http://www.forbes.com/sites/ralphbenko/2014/07/14/is-paul-krugman-leaving-princeton-in-quiet-disgrace/