Economic growth depends on deregulation, tax cuts and the budget deficit, not on the balance of trade. By Phil Gramm and Donald J. Boudreaux Feb. 20, 2025 5:05 pm ET It seems to be a matter of faith among protectionists that trade deficits make the U.S. an economic loser. President Trump...

Like our predecessors in 1930, we oppose the use of tariffs as a general tool for economic policy. By Phil Gramm and Larry Summers Jan. 30, 2025 1:55 pm ET In an extraordinary act of unity, 1,028 American professional economists in the spring of 1930 signed a letter urging Congress to reject and...

Johnson can keep the GOP united by proposing a bill ending every Democrat-supported malady at once. By Michael Solon Jan. 23, 2025 2:39 pm ET Now that Mike Johnson has been narrowly re-elected speaker, House Republicans are focused on using the reconciliation process to extend President Trump’s 2017 tax cuts and control the...

Limit asylum claims, reduce welfare and open the door to highly skilled foreign nationals. By Phil Gramm Jan. 13, 2025 2:25 pm ET My wife’s grandmother, Soon Nam Char, was a picture bride. Orphaned in Korea when the Japanese killed her stiff-necked parents, she came to America in the early 20th century...

Most of the high-achieving U.S. students to whom we award college scholarships have foreign-born parents. By Phil Gramm and Robert Topel Dec. 23, 2024 4:58 pm ET In a country with widespread use of quotas, preferences and set-asides, we seldom see unadulterated merit, especially in academics. As board members of a...