Monthly Archives: August 2022

WSJ-Income Equality, Not Inequality, Is the Problem

Those in the middle work much harder, but don’t earn much more, than those at the bottom. By Phil Gramm and John Early Aug. 29, 2022 12:04 pm ET Contrary to conventional wisdom, the most dramatic and consequential change in the distribution of income in America in the past half-century isn’t rising income...
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WSJ-Reagan’s Lessons in Economic Leadership

I saw him put the country’s interests ahead of his own more than once. We could use a leader like that now. By Phil Gramm Aug. 16, 2022 6:23 pm ET President Biden’s signing of the so-called Inflation Reduction Act brings back four-decade-old memories of better economic leadership. On Aug. 13,...
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WSJ-Lessons From the Great Inflation of 1973-81

Then as now, what drove higher prices was excess demand owing to runaway government spending. Ronald Reagan and Paul Volcker understood. By Phil Gramm and Mike Solon Aug. 2, 2022 12:49 pm ET History withholds its wisdom from those who ignore its lessons. Forty years ago this month, the fiscal policy of President Ronald...
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