Had the U.S. economy recovered from the current recession the way it bounced back from the other 10 recessions of the Post-War Period, our per capita Gross Domestic Product would be $3,553 higher and 11.9 million more Americans would now be working....
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WSJ: Echoes of the Great Depression
As in the 1930s, policy uncertainty and hostility to business have retarded recovery. At least this time around the political price for economic failure promises to be swift. By Phil Gramm Oct. 1, 2010 12:01 a.m. ET This may not be your grandfather’s Great Depression, but many aspects of today’s...
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The Washington Times: Bring back deficit knife
By - Cesar V. Conda and Michael J. Solon The Washington Times – Wednesday, October 7, 2009 Federal budget deficits are back with a vengeance. With the U.S. economy showing clear signs of recovery, it is time for Washington policymakers to shelve budget-busting health care reform and “cap-and-trade” legislation and focus...
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WSJ: Deregulation and the Financial Panic
Loose money and politicized mortgages are the real villains. By Phil Gramm Feb. 20, 2009 12:01 a.m. ET The debate about the cause of the current crisis in our financial markets is important because the reforms implemented by Congress will be profoundly affected by what people believe caused the crisis....
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WSJ: If You Like Michigan’s Economy, You’ll Love Obama’s
Despite the federal government's growing economic dominance, individual states still exercise substantial freedom in pursuing their own economic fortune -- or misfortune. As a result, the states provide a laboratory for testing various policies....
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