WSJ-Income Equality, Not Inequality, Is the Problem

Those in the middle work much harder, but don’t earn much more, than those at the bottom. By Phil Gramm and John Early Aug. 29, 2022 12:04 pm ET Contrary to conventional wisdom, the most dramatic and consequential change in the distribution of income in America in the past half-century isn’t rising income...
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WSJ-Reagan’s Lessons in Economic Leadership

I saw him put the country’s interests ahead of his own more than once. We could use a leader like that now. By Phil Gramm Aug. 16, 2022 6:23 pm ET President Biden’s signing of the so-called Inflation Reduction Act brings back four-decade-old memories of better economic leadership. On Aug. 13,...
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WSJ-Lessons From the Great Inflation of 1973-81

Then as now, what drove higher prices was excess demand owing to runaway government spending. Ronald Reagan and Paul Volcker understood. By Phil Gramm and Mike Solon Aug. 2, 2022 12:49 pm ET History withholds its wisdom from those who ignore its lessons. Forty years ago this month, the fiscal policy of President Ronald...
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WSJ-Student Loan Forgiveness Is a Political Bribe

Buying votes for the Democratic Party is the only possible justification for such an unfair giveaway of taxpayer money. By Phil Gramm and Mike Solon June 29, 2022 2:39 pm ET Advocates for student-debt forgiveness are open about their political motivation. “It is actually delusional to believe Dems can get re-elected without...
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WSJ-The ‘Stakeholder’ War on the Enlightenment

ESG advocates would return society to the communal and stagnant world of the Dark Ages. By Phil Gramm and Mike Solon May 23, 2022 12:53 pm ET No one appreciated the power of capitalism more than its greatest antagonist, Karl Marx. Born of the Enlightenment, embodied in the Industrial Revolution, capitalism, according...
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