Category Archives: Monetary Policy

Gramm and Wallison: Worse Than Fannie and Freddie

A bipartisan Senate housing reform would double down on the mistakes that led to the financial crisis By Phil Gramm and Peter Wallison In this era of partisan gridlock, any legislative proposal with significant bipartisan sponsorship should be praised and supported if it simply does not produce a policy worse...
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Gramm and Solon: Suddenly, an Opening for Tax Reform

Senate Finance Chairman Ron Wyden now recognizes that a pro-growth tax reform can raise revenues. By Phil Gramm and Mike Solon A glimmer of hope for the economy and deficit reduction flashed from the Senate this past weekend when the new Senate Finance Committee Chairman, Ron Wyden, announced “a breakthrough”...
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Phil Gramm and Thomas R. Saving-Janet Yellen’s Greatest Challenge

Every month that the Fed’s quantitative easing goes on, the exit strategy becomes more difficult and dangerous. By PHIL GRAMM and THOMAS R. SAVING With the Senate Banking Committee on Thursday approving Janet Yellen’s nomination to lead the Federal Reserve, her confirmation is virtually assured. Less certain is what Ms. Yellen ultimately intends to...
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Gramm and McMillin: The Debt Problem Hasn’t Vanished

While deficit projections have recently moderated, the cost of servicing the national debt will explode once interest rates begin to rise. A version of this article appeared May 22, 2013, on page A15 in the U.S. edition of The Wall Street Journal, with the headline: The Debt Problem Hasn’t Vanished....
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Gramm and Solon: Can Government Benefits Turn an Election?

This election will test the relative power of private-sector aspirations versus public-sector dependence. By Phil Gramm and Mike Solon as appeared in Wall Street Journal on October 18, 2012 Since World War II, the five incumbent presidents who were re-elected enjoyed an economy where the unemployment rate averaged 5.4% in...
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