The growth of industry disrupted old economic patterns but produced undreamed-of wealth. By Phil Gramm and Michael Solon Nov. 2, 2025 4:05 pm ET Most speculation about artificial intelligence has focused on its potential to kill jobs and on the policies that government might implement to control AI and cushion workers...
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WSJ-What’s at Stake in the Government Shutdown
If Democrats get their way, pandemic spending will become permanent and bankruptcy will get closer. By Michael Solon Oct. 5, 2025 4:17 pm ET For Democrats in Washington, the pencils all lack erasers and none of the calculators have a minus button. It’s always addition, never subtraction. The Biden-Schumer-Pelosi spending surge...
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WSJ-The Economic Cost of Trump’s Tariff Revival
America has a choice to make: Do we go back to the policies of Ronald Reagan or of Herbert Hoover? By Phil Gramm and Donald J. Boudreaux Sept. 25, 2025 5:30 pm ET Since President Trump announced “Liberation Day” in April by imposing the highest average tariff rates in 90 years,...
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WSJ-Trump, Lisa Cook and the Federal Reserve’s Independence
The central bank differs from other agencies in that the power to coin money belongs to Congress. By Phil Gramm By Jeb Hensarling Sept. 3, 2025 11:49 am ET The Constitution gives Congress the power to coin money and regulate its value. Congress, in fulfilling that delegated responsibility, created the Federal...
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WSJ-Trump’s Approach to Antitrust Is as Bad as Biden’s
The president is handing a weapon to trading partners who feel they’ve been bullied into trade deals. By Phil Gramm Aug. 21, 2025 4:22 pm ET The Trump administration is continuing the antitrust lawsuits of the Biden administration’s Justice Department and Federal Trade Commission against Google, Meta, Apple and Amazon. That means the economic benefits...
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