Category Archives: Uncategorized

WSJ-The High Cost of the Trump-Biden Tariffs

The evidence shows they benefited a politically connected few, while U.S. consumers and producers paid the bill. By Phil Gramm and Donald J. Boudreaux Jan. 17, 2024 11:45 am ET ‘National conservative” protectionists portray themselves as the adults in the room. They allege that free traders’ focus on consumption imperils...
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WSJ-Social Security Was Doomed From the Start

The fatal flaw was FDR’s decision to make it a pay-as-you-go benefit. We should have fixed it by now. By Phil Gramm and Mike Solon Dec. 19, 2023 6:29 pm ET Americans imagine that the Social Security benefits they are promised belong to them. That’s by design. In 1935, President Franklin...
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WSJ-Another Wrong Way to Measure Poverty

The real rate is 2.5%, but the Census Bureau inflates it by excluding most social-welfare benefits. By Phil Gramm and John Early Dec. 5, 2023 6:33 pm ET The credibility of the Census Bureau’s official measure of poverty didn’t survive the pandemic. Though government payments for social benefits rose by...
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WSJ-Trump’s Trade War Was a Loser

Tariffs destroyed jobs in Michigan, Pennsylvania and Wisconsin and made all Americans worse off. By Phil Gramm and Donald J. Boudreaux Sept. 11, 2023 5:29 pm ET Donald Trump boasts that his protectionist policies were “historically successful,” which suggests that he thinks he’s exempt from the old dictum that we are...
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WSJ-Biden’s IRS Chases Chump Change

The amount of improper pandemic payments dwarfs what its new agents stand to recoup for taxpayers. By Phil Gramm and Jodey Arrington Aug. 10, 2023 5:37 pm ET Criminals stole at least $1 trillion from taxpayers during the pandemic. To date the Biden administration has offered only lip service and...
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WSJ-Regulators May Sink America’s Banks

A credit-tightening increase on capital standards won’t help the American economy. By Jeb Hensarling and Michael Solon Updated June 22, 2023 7:29 pm ET In response to this year’s failures of midsize banks, the Biden administration—through the Federal Reserve, the Federal Deposit Insurance Corp. and the Comptroller of the Currency—is...
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