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...