Yale economist William Nordhaus, with the typically enlightened attitude of a Yale professor, offers his thoughts on monetary reform: Mr. Nordhaus dismissed notions of scrapping the central bank, as well as criticism of its chairman, Ben Bernanke, as “partisan” and “ignorant.” “Return to the gold standard? Give me a break. We’re not in Kansas....
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I’ve been asked a few times about Herman Cain’s 999 Plan, so here are some initial thoughts. I haven’t seen the details, and perhaps the specifics haven’t been hammered out at this point, but my information about the 999 plan comes from Cain’s website. Essentially, the plan is to replace the current federal tax...
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