If they stay united, House Republicans can use the power of the purse to restrain unilateral executive action. By Phil Gramm and Mike Solon July 13, 2023 5:38 pm ET Before the rise of the regulatory state, America’s economic exceptionalism flowed from clear constitutional boundaries between the spheres of individual...

A credit-tightening increase on capital standards won’t help the American economy. By Jeb Hensarling and Michael Solon Updated June 22, 2023 7:29 pm ET In response to this year’s failures of midsize banks, the Biden administration—through the Federal Reserve, the Federal Deposit Insurance Corp. and the Comptroller of the Currency—is...

Unrestrained spending would crowd out private economic activity and risk triggering a recession. By Phil Gramm and Mike Solon May 21, 2023 5:04 pm ET House Speaker Kevin McCarthy last month mustered the votes for a bill to raise the debt ceiling, thanks in no part to his Democratic colleagues. His victory shifted the topography...

‘Robber barons’ of the 19th and 21st centuries enrich, not exploit, the poor and middle class. By Phil Gramm and Amity Shlaes May 7, 2023 4:29 pm ET Everything old is new again, and blaming the rich for America’s woes is no exception. The rise of progressivism before the turn...

His regulatory barrage and failed Progressive-era policies imperil economic exceptionalism in the U.S. By Phil Gramm and Pat Toomey April 24, 2023 1:14 pm ET From Wall Street to Silicon Valley, from the Permian Basin to the Chicago Loop, an iron net of regulation has descended across the American economy. Churchill’s metaphor conveys...