Category Archives: Fiscal Policy

WSJ: The Fed’s Obama-Era Hangover

By paying banks not to lend, the central bank diminished its ability to control interest rates. By Phil Gramm and Thomas R. Saving Jan. 1, 2019 3:26 p.m. ET As the Trump economic revival doubled economic-growth rates over the last two years, interest rates, which had fallen in the final two...
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WSJ: Government Can’t Rescue the Poor

Federal programs have reduced material poverty at the cost of promoting idleness and dependency. By Phil Gramm and John F. Early Oct. 10, 2018 6:37 p.m. ET  ‘The War on Poverty is not a struggle simply to support people,” declared President Lyndon B. Johnson in 1964. “It is an effort to...
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WSJ: The Myth of American Inequality

Taxes and transfers in the U.S. put its income distribution in line with its large developed peers. By Phil Gramm and John F. Early Aug. 9, 2018 6:51 p.m. ET America is the world’s most prosperous large country, but critics often attempt to tarnish that title by claiming income is distributed...
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WSJ: Tax Cuts Bust ‘Secular Stagnation’

Progressive economists said growth was gone for good. Then Trump changed policy. By Mike Solon July 29, 2018 2:47 p.m. ET Are low taxes key to a booming economy? Their success is harder than ever to deny after Friday’s report that the U.S. economy grew 4.1% in the second quarter,...
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