Category Archives: Uncategorized

WSJ: Keep Politics Out of the Boardroom

Reforms intended to give a voice to small shareholders have instead let social activists hijack proxy votes. By Phil Gramm and Mike Solon July 18, 2018 6:28 pm ET Even in democratic governments constrained by constitutional limits, the interests of the governed and the governors don’t align well. Government is inefficient by its...
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WSJ: How Income Equality Helped Trump

Working Americans sense that taxes and transfers now leave them little better off than those who work less. By Phil Gramm and Robert B. Ekelund Jr. June 24, 2018 1:47 pm ET Frenzied rhetoric about income inequality was a larger theme in Hillary Clinton ’s 2016 presidential campaign than in any previous American...
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WSJ: Trump’s Trade Threats Are Hurting Growth

Tariff tensions promote economic uncertainty, which in turn inhibits business investment. By Phil Gramm and Mike Solon May 9, 2018 6:38 pm ET Economic uncertainty and prosperity are sworn enemies—when uncertainty reigns, prosperity fades. Uncertainty undermines prosperity by sapping investor and consumer confidence, choking off private investment, and suppressing consumer spending. The depression...
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WSJ: Trump, Tariffs and the Protectionist Temptation

The trade balance doesn’t matter for U.S. prosperity. But America could benefit from updating and enforcing its trade deals, especially with China. By Phil Gramm and Mike Solon March 23, 2018 6:39 pm ET Any objective analysis of America’s economic history discredits the notion that the trade balance has a defined relationship with...
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WSJ:How to Complete the Escape From ObamaCare

Congress eliminated the individual mandate. There’s a way around the other onerous regulations. By Phil Gramm March 15, 2018 6:37 pm ET The tax-reform provision repealing the penalty on those who refuse to participate in ObamaCare has freed millions of Americans to escape a system that exploits them. But while Americans...
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WSJ: How Blockchain Can End Poverty

Two-thirds of the world’s population lacks access to a formal system of property rights. By Phil Gramm and Hernando de Soto Jan. 25, 2018 7:11 pm ET For a long time, Western economists failed to appreciate the relationship between private property rights and economic development. Karl Marx saw private property as the source...
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WSJ: A Booming Economy Will Challenge the Fed

Normal growth will drive up the demand for bank loans and induce lending of excess reserves. By Phil Gramm and Thomas R. Saving Dec. 13, 2017 6:37 pm ET The asset base of the world’s financial institutions crumbled in the fall of 2008 as mortgage-backed securities collapsed and credit markets froze. The Federal...
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Preserve the Filibuster—Then Overcome It

The Senate’s 60-vote threshold is a bulwark of freedom. Instead of nuking it, the GOP should defund Obama’s agenda. By PHIL GRAMM and MICHAEL SOLON Jan. 6, 2017  American voters responded to President Obama’s failed recovery and government overreach by giving Republicans control of the White House, Senate and House....
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