Category Archives: Fiscal Policy

Finding America’s Lost 3% Growth

If the country can’t grow like it once did, then the American Dream really is irretrievably lost. By Phil Gramm and Michael Solon Sept. 10, 2017 4:04 p.m. ET Growth deniers are declaring that America’s economy has lost its ability to grow at 3% above inflation. If that’s the case, maybe...
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Understanding the Trump Trade Agenda

Returning to the 1950s is impossible. But currency manipulation does hurt American workers. By PHIL GRAMM and MICHAEL SOLON If President-elect Trump is to establish a pro-growth trade policy, he must build upon America’s postwar trade history. A lesson from that history is that if trade policy is to reinforce...
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The Subprime Superhighway

The U.S. and Europe are lowering capital standards for ‘investments’ in public infrastructure—ignoring the lessons from 2007-08. By PHIL GRAMM Oct. 2, 2016 5:56 p.m. ET More government spending, particularly for infrastructure projects, is the mantra in Washington and other capitals. But two factors stand in the way. First, the...
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