Industrial policy intrudes on our sovereignty as consumers to protect politically favored jobs. By Phil Gramm and Donald J. Boudreaux Aug. 12, 2024 5:11 pm ET Since Adam Smith debunked mercantilism in “The Wealth of Nations” (1776), the political appeal of trade protectionism has centered on its ability to benefit a privileged few...
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WSJ-Who Pays Corporate Taxes? Look in the Mirror
Costs are passed on to consumers. If you work for and invest in companies, you get hit three times. By Phil Gramm and Mike Solon April 23, 2024 1:48 pm ET In his call for Congress to repeal the 2017 tax cuts and increase corporate tax rates, President Biden asked: “Are...
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WSJ-Biden Wants to Put AI on a Leash
Bill Clinton’s regulators, by contrast, produced prosperity by encouraging freedom on the internet. By Ted Cruz and Phil Gramm March 25, 2024 4:22 pm ET The arrival of a new productive technology doesn’t guarantee prosperity. Prosperity requires a system, governed by the rule of law, in which economic actors can freely implement...
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WSJ-The ‘Gender Pay Gap’ Is a Myth That Won’t Go Away
The difference in wages is the natural consequence of choices that men and women freely make. By Phil Gramm and John Early March 8, 2024 5:30 pm ET Tuesday, March 12, is “equal pay day,” according to the National Committee on Pay Equity, a coalition of advocacy groups. Originally, the date...
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WSJ-The High Cost of the Trump-Biden Tariffs
The evidence shows they benefited a politically connected few, while U.S. consumers and producers paid the bill. By Phil Gramm and Donald J. Boudreaux Jan. 17, 2024 11:45 am ET ‘National conservative†protectionists portray themselves as the adults in the room. They allege that free traders’ focus on consumption imperils...
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