Category Archives: Uncategorized

Losses at SVB, Signature and other banks reflect the risk from borrowing short and lending long. By Charles W. Calomiris and Phil Gramm March 28, 2023 3:30 pm ET It’s natural to look to the 2008 subprime crisis for insights about why our banking system is at risk. But that crisis was a...

Some GOP lawmakers have forgotten that politics is about what’s possible, not what’s perfect. By Phil Gramm Feb. 22, 2023 4:54 pm ET Nowhere have Republicans done themselves more harm than in debasing the GOP’s brand as the party of fiscal responsibility, less government and more freedom. House Speaker Kevin McCarthy’s effort...

As Biden and the Democrats know, it’s hardly a new idea. By Phil Gramm and Michael Solon Feb. 1, 2023 2:28 pm ET When President Biden came to the Senate in 1973, the cumulative gross debt of the U.S. was a half-a-trillion dollars, and the debt held by the public was 26.5% of...

Its mandate doesn’t include telling CEOs how to run their companies and investors how to invest. By Phil Gramm and Hester Peirce Jan. 19, 2023 3:16 pm ET When the financial crisis ended in the summer of 2009, economic prognosticators were virtually unanimous in predicting a strong, sustained recovery. But Obama-era regulatory policy...

Studies show the vast majority of adults have higher income than their parents did. By Phil Gramm and John Early Jan. 6, 2023 1:20 pm ET Is the American Dream in peril? Collectivists say yes and point to rising inequality of income. But they don’t understand the question. A commitment to equality of...

The slender majority is the only sentry at the gate. Lawmakers have a duty to protect America’s fisc. By Phil Gramm and Mike Solon Dec. 7, 2022 12:20 pm ET After a disappointing election, a slim House Republican majority will be the only sentry at the gate holding back an administration and Senate...

The message of work and opportunity appeals to this disproportionately middle-class minority. By Phil Gramm and John Early Oct. 19, 2022 6:14 pm ET Hispanics are one of the fastest growing census demographics in America, and their realignment away from the Democratic Party is a political earthquake in the making. If polls are...

The Census Bureau’s tallies still don’t include $1.9 trillion in government transfer payments. By Phil Gramm and John Early Sept. 20, 2022 12:40 pm ET House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer assured us in July 2021 that expanding the child tax credit would “cut the nation’s child poverty rate in half.” Shortly thereafter,...

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...

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,...