WSJ: Voters’ Choice: Growth or Stagnation

Posted in: Fiscal Policy |
WSJ Artwork
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: Why the Fed May Not Duck Inflation This Time

Posted in: Fiscal Policy |
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Banks’ excess reserves limited the money supply after 2008, but looser rules today might give way. By Phil Gramm and Mike Solon May 28, 2020 7:08 pm ET Is there any limit to the power Congress is willing to give to the Federal Reserve? Since 2008 lawmakers have granted the Fed the ability...
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WSJ: More ‘Stimulus’ Would Crush the Recovery

Posted in: Fiscal Policy |
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Federal borrowing this year is set to pass 20% of GDP. That will raise costs across the private economy. By Phil Gramm and Michael Solon April 14, 2020 12:44 pm ET A democracy’s greatest challenge arises when it confronts a major crisis during an election, since the critical need for serious...
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WSJ: Wealthy Americans Already Pay Their Share

Posted in: Tax Policy |
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Arguments to the contrary spurn or wildly distort statistics and cherry-pick anecdotal examples. By Phil Gramm and John F. Early Feb. 25, 2020 7:19 pm ET Even amid a freewheeling presidential primary, Democrats are of one mind when it comes to taxation: Rich Americans are not paying their fair share. Congressional...
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WSJ: The Plot to Politicize Banking

Posted in: Financial Services, Fiscal Policy |
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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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