Category Archives: Financial Services

WSJ-The Myth of ‘Wage Stagnation’

Usual measures of inflation don’t count the benefits of better products and more consumer choice. By Phil Gramm and John Early May 17, 2019 4:49 p.m. ET Perhaps the most common indictment of America’s legendary prosperity is wage stagnation. Bureau of Labor Statistics data show that average hourly earnings of production...
Read more

WSJ: The Federal Reserve’s Accountability Deficit

Every member of the Fed’s Board of Governors is an Obama appointee. That wasn’t supposed to happen. By PHIL GRAMM And THOMAS R. SAVING Oct. 14, 2015 6:27 p.m. ET The Federal Reserve enjoys extraordinary independence from the elected branches of government, based on the well-founded fear that politicians cannot be trusted with...
Read more

Gramm and Solon: Suddenly, an Opening for Tax Reform

Senate Finance Chairman Ron Wyden now recognizes that a pro-growth tax reform can raise revenues. By Phil Gramm and Mike Solon A glimmer of hope for the economy and deficit reduction flashed from the Senate this past weekend when the new Senate Finance Committee Chairman, Ron Wyden, announced “a breakthrough”...
Read more