Category Archives: Fiscal Policy

WSJ: Voters’ Choice: Growth or Stagnation

Before the shutdown, the economy was booming. Credit Trump’s policies, not Obama and Biden’s. By Phil Gramm and Mike Solon July 8, 2020 1:10 pm ET The year began with a recovery that belied every negative cliché about the Trump tax cuts and regulatory reform. Tax cuts demagogued as giveaways to the rich...
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WSJ: The Plot to Politicize Banking

Liberal lawmakers and activists want banks to lend to favored groups and deny the ‘undesirables.’ By Phil Gramm and Michael Solon Jan. 14, 2020 6:59 pm ET To resist President Trump’s campaign of economic reform and deregulation, his critics usually attempt to portray long-overdue, common-sense policies as assaults on the poor....
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WSJ: How to Balance the Budget—Again

A GOP Congress and a Democratic president struck an unlikely deal in 1997. It succeeded. By Michael Solon Aug. 4, 2019 5:48 pm ET The budget deal between the president, the Democratic House and the Republican Senate eliminated the risk of debt default, government shutdown and a spending sequester for...
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WSJ: Who Pays for Student-Debt Forgiveness?

Taxpayers who didn’t go to college, didn’t take on debt, or paid it off already. By Michael Solon June 26, 2019 6:47 pm ET Democrats have begun a bidding war over student-debt forgiveness. Joe Biden proposes to expand it for public-school teachers. Elizabeth Warren wants to forgive 75% of all...
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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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