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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WSJ: More ‘Stimulus’ Would Crush the Recovery

Federal borrowing this year is set to pass 20% of GDP. That will raise costs across the private economy. By Phil Gramm and Michael Solon April 14, 2020 12:44 pm ET A democracy’s greatest challenge arises when it confronts a major crisis during an election, since the critical need for serious...
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