Category Archives: Uncategorized

Unrestrained spending would crowd out private economic activity and risk triggering a recession. By Phil Gramm and Mike Solon May 21, 2023 5:04 pm ET House Speaker Kevin McCarthy last 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...

‘Robber barons’ of the 19th and 21st centuries enrich, not exploit, the poor and middle class. By Phil Gramm and Amity Shlaes May 7, 2023 4:29 pm ET Everything old is new again, and blaming the rich for America’s woes is no exception. The rise of progressivism before the turn...

His regulatory barrage and failed Progressive-era policies imperil economic exceptionalism in the U.S. By Phil Gramm and Pat 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. Churchill’s metaphor conveys...

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

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...

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...