Category Archives: Uncategorized

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-Trumps 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 Trumpboasts that his protectionist policies were historically successful, which suggests that he thinks hes exempt from the old dictum that we are...
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WSJ-Bidens 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-How Congress Can Stop Bidens Regulatory Onslaught

If they stay united, House Republicans can use the power of the purse to restrain unilateral executive action. By Phil Gramm and Mike Solon July 13, 2023 5:38 pm ET Before the rise of the regulatory state, Americas economic exceptionalism flowed from clear constitutional boundaries between the spheres of individual...
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WSJ-Regulators May Sink Americas Banks

A credit-tightening increase on capital standards wont help the American economy. By Jeb Hensarling and Michael Solon Updated June 22, 2023 7:29 pm ET In response to this years failures of midsize banks, the Biden administrationthrough the Federal Reserve, the Federal Deposit Insurance Corp. and the Comptroller of the Currencyis...
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WSJ-The Real Stakes of the Debt-Ceiling Fight

Unrestrained spending would crowd out private economic activity and risk triggering a recession. ByPhil GrammandMike Solon May 21, 2023 5:04 pm ET House SpeakerKevin McCarthylast month mustered the votes for a bill to raise the debt ceiling, thanks in no part to his Democratic colleagues. His victory shifted the topography...
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WSJ-The Gilded Age Myth, Then and Now

Robber barons of the 19th and 21st centuries enrich, not exploit, the poor and middle class. ByPhil GrammandAmity Shlaes May 7, 2023 4:29 pm ET Everything old is new again, and blaming the rich for Americas woes is no exception. The rise of progressivism before the turn of the 20th...
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WSJ-Biden Is Transformational, and Not in a Good Way

His regulatory barrage and failed Progressive-era policies imperil economic exceptionalism in the U.S. ByPhil GrammandPat Toomey April 24, 2023 1:14 pm ET From Wall Street to Silicon Valley, from the Permian Basin to the Chicago Loop, an iron net of regulation has descended across the American economy. Churchills metaphor conveys...
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WSJ-The Global Minimum Tax Shakedown

Biden is holding Congress hostage: Impose the levy, or see foreign nations seize American profit anyway. ByPhil GrammandMike Solon April 6, 2023 6:34 pm ET The Biden administration wants to make the world safer for tax increases. Thats the message the White House has sent by enjoining the Organization for...
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