Category Archives: Uncategorized

A minimum 10% levy on all goods would hike domestic prices, reduce wages and invite foreign retaliation. By Phil Gramm and Donald J. Boudreaux Nov. 13, 2024 4:44 pm ET Donald Trump hopes to supercharge economic growth, restore manufacturing employment, and raise wages by imposing across-the-board tariffs of at least 10%, with...

The annual costs of owning a new home and car have soared. By Ted Cruz and Rick Scott Oct. 28, 2024 5:12 pm ET The kitchen table is where the American dream is built. Every month, families gather there to pay their bills and plan for the future. In a good...

Rates were high in the 19th century, but the economy boomed most when the rates were at their lowest. By Phil Gramm and Donald J. Boudreaux Oct. 16, 2024 4:39 pm ET Modern protectionists are desperate to find historical examples of tariffs promoting industrialization and economic growth. To this end, they...

The former president, who turns 100 Tuesday, gets too little credit for making America competitive again. By Phil Gramm Sept. 30, 2024 1:26 pm ET Jimmy Carter, who turns 100 on Oct. 1, doesn’t get enough credit for the quarter-century economic boom from 1983 to 2008 and the underlying resilience of...

Means-tested programs, not Medicare and Social Security, are behind today’s massive debt. By Phil Gramm and Jodey Arrington Sept. 11, 2024 5:02 pm ET Ask any budget expert in Washington to explain the ballooning deficit and debt, and Social Security and Medicare will be high on the list of causes. That’s...

Harris promises to double down on Biden policies that have made it more expensive to buy a home. By Michael Solon Aug. 25, 2024 3:22 pm ET Vice President Kamala Harris cast tie-breaking votes that ensured passage of the American Rescue Plan Act, the Inflation Reduction Act and the Biden budget. In doing...

Industrial policy intrudes on our sovereignty as consumers to protect politically favored jobs. By Phil Gramm and Donald J. Boudreaux Aug. 12, 2024 5:11 pm ET Since Adam Smith debunked mercantilism in “The Wealth of Nations” (1776), the political appeal of trade protectionism has centered on its ability to benefit a privileged few...

Costs are passed on to consumers. If you work for and invest in companies, you get hit three times. By Phil Gramm and Mike Solon April 23, 2024 1:48 pm ET In his call for Congress to repeal the 2017 tax cuts and increase corporate tax rates, President Biden asked: “Are...

Bill Clinton’s regulators, by contrast, produced prosperity by encouraging freedom on the internet.  By Ted Cruz and Phil Gramm March 25, 2024 4:22 pm ET The arrival of a new productive technology doesn’t guarantee prosperity. Prosperity requires a system, governed by the rule of law, in which economic actors can freely implement...