Antitrust action would sap the benefits top companies have brought to consumers and ordinary investors. By Phil Gramm and Jerry Ellig Sept. 14, 2020 7:13 pm ET Despite the many troubles of 2020, Congress has made more time than ever this year to target a different purported threat: America’s tech giants. This month...
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WSJ: Prosperity Rides on a Republican Senate
A Democratic majority would be a rubber stamp for a President Biden’s ruinous economic agenda. By Phil Gramm and Mike Solon Sept. 1, 2020 12:58 pm ET When Barack Obama swept the 2008 elections, his long coattails helped flip eight Republican Senate seats to the Democrats, giving the Obama-Biden presidency the Senate’s most...
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WSJ: The Biden-Sanders Manifesto
Voters should examine how far left the former vice president has moved since winning the primaries. By Phil Gramm July 30, 2020 1:48 pm ET When unemployment and poverty rates hit record lows in late 2019, while retirement accounts and average household incomes surged to record highs, Joe Biden understood that...
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WSJ: Voters’ Choice: Growth or Stagnation
Before the shutdown, the economy was booming. Credit Trump’s policies, not Obama and Biden’s. By Phil Gramm and Mike Solon July 8, 2020 1:10 pm ET The year began with a recovery that belied every negative cliché about the Trump tax cuts and regulatory reform. Tax cuts demagogued as giveaways to the rich...
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WSJ: Why the Fed May Not Duck Inflation This Time
Banks’ excess reserves limited the money supply after 2008, but looser rules today might give way. By Phil Gramm and Mike Solon May 28, 2020 7:08 pm ET Is there any limit to the power Congress is willing to give to the Federal Reserve? Since 2008 lawmakers have granted the Fed the ability...
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