WSJ-How the Fed Is Hedging Its Inflation Bet

Though few have noticed, the central bank is already slowing the growth of the money supply. By Phil Gramm and Thomas R. Saving Aug. 1, 2021 5:03 pm ET Federal Reserve Chairman Jerome Powell last month told the House Banking Committee “it would be a mistake” to tighten monetary policy “at a time when virtually...
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WSJ: Biden Turns Back the Progressive Clock

Without the deregulation of the ’70s—which he supported—the economy would be smaller today. By Phil Gramm and Mike Solon July 14, 2021 2:16 pm ET In a sweeping executive order aimed at reimposing Progressive Era regulatory policy across the U.S. economy, President Biden recounted the foundational myths of modern progressivism. The first canon...
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WSJ: ProPublica’s Plan for a Poorer America

A federal wealth tax would only make it harder for people with big dreams to make them a reality. By Phil Gramm and Mike Solon June 16, 2021 6:16 pm ET ProPublica’s “blockbuster” story showing that the wealthy “pay income taxes that are only a tiny fraction of the hundreds of millions, if...
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WSJ: The Filibuster Helps Nobody, and That Means You

With simple majority rule in the Senate, politics would consume the lives of ordinary Americans. By Mike Solon and Bill Greene June 20, 2021 5:57 pm ET As Democrats clamor to end the Senate filibuster, they insist that the filibuster is an ancient relic that nobody needs, that serves nobody’s agenda and that...
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WSJ-Biden’s Plans Are Already Hurting the Recovery

As anti-production policies take hold, supply and worker shortages appear and inflation looms. By Phil Gramm and Rick Scott May 19, 2021 12:49 pm ET The April Consumer Price Index rose by 0.8%, or 9.6% on an annualized basis. On an annual basis the inflation rate for the past three months has been...
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