Category Archives: Fiscal Policy

WSJ- Has the Federal Reserve Lost Its Mojo?

The central bank has less control over market interest rates today than at any time in its history. By Phil Gramm and Thomas R. Saving June 17, 2019 7:17 p.m. ET When the Federal Open Market Committee’s meeting concluded last month, reporters focused on the federal-funds rate, announcing that it would...
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WSJ: Enemies of the Economic Enlightenment

Elizabeth Warren and others seek corporate ‘reforms’ that resemble medieval royal charters. By Phil Gramm and Michael Solon April 15, 2019 6:19 p.m. ET The 18th-century Enlightenment liberated mind, soul and property, empowering people to think their own thoughts, worship their own gods, and benefit from the fruits of their own...
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WSJ: Tax Reform Unleashed the U.S. Economy

The surge in private investment has brought big returns for households as well as the government. By Phil Gramm and Michael Solon March 4, 2019 6:07 p.m. ET For a midterm report card on the economy under President Trump, take a look at two recent government reports. The Commerce Department reported...
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WSJ: The Fed’s Obama-Era Hangover

By paying banks not to lend, the central bank diminished its ability to control interest rates. By Phil Gramm and Thomas R. Saving Jan. 1, 2019 3:26 p.m. ET As the Trump economic revival doubled economic-growth rates over the last two years, interest rates, which had fallen in the final two...
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WSJ: Government Can’t Rescue the Poor

Federal programs have reduced material poverty at the cost of promoting idleness and dependency. By Phil Gramm and John F. Early Oct. 10, 2018 6:37 p.m. ET  ‘The War on Poverty is not a struggle simply to support people,” declared President Lyndon B. Johnson in 1964. “It is an effort to...
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WSJ: The Myth of American Inequality

Taxes and transfers in the U.S. put its income distribution in line with its large developed peers. By Phil Gramm and John F. Early Aug. 9, 2018 6:51 p.m. ET America is the world’s most prosperous large country, but critics often attempt to tarnish that title by claiming income is distributed...
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WSJ: Tax Cuts Bust ‘Secular Stagnation’

Progressive economists said growth was gone for good. Then Trump changed policy. By Mike Solon July 29, 2018 2:47 p.m. ET Are low taxes key to a booming economy? Their success is harder than ever to deny after Friday’s report that the U.S. economy grew 4.1% in the second quarter,...
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