The debacle of 1932 is the most famous example, but Republican losses span the period 1842 through 2020. By Phil Gramm and Donald J. Boudreaux May 21, 2025 1:37 pm ET The Trump administration is looking for an exit strategy from the most destructive parts of its trade war. The uncertainty...
Read more
WSJ-Yes, the U.S. GDP Decline Is an Ominous Sign
It isn’t a statistical artifact but a warning of a real slowdown. By Phil Gramm and Donald J. Boudreaux May 6, 2025 5:04 pm ET U.S. gross domestic product shrank by 0.3% in the first quarter of 2025, according to an April 30 report from the Bureau of Economic Analysis. The...
Read more
WSJ-In Google’s Antitrust Case, a Guilty Verdict—for Advertising
Biden’s officials wanted the company cut down to size for ideological reasons. But why didn’t Trump drop the case? By Phil Gramm April 28, 2025 5:33 pm ET A federal district court last year found Google guilty of “maintaining a monopoly in two product markets in the United States—general search services...
Read more
WSJ-Trump’s Tariffs Are as Bad as Bidenomics
Both models of state-directed capitalism misallocate resources and make the nation poorer. By Phil Gramm and Donald J. Boudreaux April 14, 2025 4:35 pm ET Not since Herbert Hoover signed the Smoot-Hawley Tariff has a president chosen to disregard a larger body of informed opinion than President Trump did when he instituted his...
Read more
WSJ-The Census Defines Poverty Down
Its flawed income measure leads to the overpayment of welfare, including Medicaid, to recipients. By Phil Gramm and John Early April 2, 2025 12:54 pm ET The Trump administration recently promised that it “will not cut Social Security, Medicare, or Medicaid benefits.” The determination not to reform retirement benefit entitlements is politically understandable....
Read more