Normal growth will drive up the demand for bank loans and induce lending of excess reserves. By Phil Gramm and Thomas R. Saving Dec. 13, 2017 6:37 p.m. ET The asset base of the world’s financial institutions crumbled in the fall of 2008 as mortgage-backed securities collapsed and credit markets froze....
Read more
Monthly Archives: December 2017
Fox Business Network-Tax reform underway amid buzz that top rate could be lowered again
Dec. 13, 2017 – 4:57 – Former Sen. Phil Gramm (R-Texas) explains what provisions he’d like to see in Republicans’ tax reform plan, which could be on President Trump’s desk as soon as next week. You can watch the clip here....
Read more
WSJ: Don’t Be Fooled by ‘Secular Stagnation’
American exceptionalism hasn’t come to an end, and we needn’t settle for 2% economic growth. What the U.S. needs is policies like Reagan’s, not Obama’s. By Phil Gramm and Michael Solon Dec. 1, 2017 6:40 p.m. ET The only sound basis for gauging the potential impact of public-policy changes is through...
Read more