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Gramm and Taylor: The Hidden Costs of Monetary Easing

By Phil Gramm and John Taylor as appeared in Wall Street Journal on September 12, 2012 Since mid-September of 2008, the Federal Reserve balance sheet has grown to $2,814 billion from $924 billion as it purchased massive amounts of U.S. Treasurys and mortgage backed securities. To finance those purchases the...
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Obama Budget `Detached From Reality,’ Gramm Says

Feb. 15, 2012 – 9:00 AM ET (Bloomberg) — Phil Gramm, a former Republican senator from Texas, talks about President Barack Obama’s fiscal 2013 budget proposal and financial regulations. Gramm, speaking with Betty Liu on Bloomberg Television’s “In the Loop,” also discusses legislation to extend a payroll-tax cut. Watch the...
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