WSJ-Lessons From the Great Inflation of 1973-81

Posted in: Fiscal Policy |
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Then as now, what drove higher prices was excess demand owing to runaway government spending. Ronald Reagan and Paul Volcker understood. By Phil Gramm and Mike Solon Aug. 2, 2022 12:49 pm ET History withholds its wisdom from those who ignore its lessons. Forty years ago this month, the fiscal policy of President Ronald...
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WSJ-Student Loan Forgiveness Is a Political Bribe

Posted in: Uncategorized |
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Buying votes for the Democratic Party is the only possible justification for such an unfair giveaway of taxpayer money. By Phil Gramm and Mike Solon June 29, 2022 2:39 pm ET Advocates for student-debt forgiveness are open about their political motivation. “It is actually delusional to believe Dems can get re-elected without...
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WSJ-The ‘Stakeholder’ War on the Enlightenment

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ESG advocates would return society to the communal and stagnant world of the Dark Ages. By Phil Gramm and Mike Solon May 23, 2022 12:53 pm ET No one appreciated the power of capitalism more than its greatest antagonist, Karl Marx. Born of the Enlightenment, embodied in the Industrial Revolution, capitalism, according...
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WSJ-Deter China By Turning Taiwan Into a Porcupine

Posted in: Foreign Policy |
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Western allies should accelerate the sale of F-16s, missiles, drones and other force-multiplier weapons. By Phil Gramm and Roger Wicker May 4, 2022 12:38 pm ET The paramount lesson from the Russian invasion of Ukraine is that repeated threats of economic sanctions didn’t deter Vladimir Putin from launching an all-out invasion. This offers a...
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WSJ-The New Progressives Fight Against Consumer Welfare

Posted in: Uncategorized |
The Biden administration wants to undo years of bipartisan consensus about antitrust regulation. By Phil Gramm and Christine Wilson April 3, 2022 5:05 pm ET With major antitrust legislation headed to the Senate floor, it is important to remember that over the past half-century, a bipartisan consensus has existed that antitrust law...
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