WSJ: The Truth About Income Inequality

The census fails to account for taxes and most welfare payments, painting a distorted picture. By Phil Gramm and John F. Early Nov. 3, 2019 3:43 pm ET Never in American history has the debate over income inequality so dominated the public square, with Democratic presidential candidates and congressional leaders calling...
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WSJ: Big Bad Trusts’ Are a Progressive Myth

Today’s tech titans, like yesterday’s industrial giants, will diminish in time thanks to competition. By Phil Gramm and Jerry Ellig Oct. 2, 2019 6:49 pm ET The resurgence of progressivism in America has brought growing support for a return to Progressive-era trustbusting. Sen. Elizabeth Warren has a plan to break up...
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WSJ: Warren’s Assault on Retiree Wealth

Her vision of ‘accountable capitalism’ would destroy savings built over a lifetime—and sink the economy. By Phil Gramm and Mike Solon Sept. 10, 2019 6:41 pm ET Who owns the vast wealth of America? Old folks. According to the Federal Reserve, households headed by people over the age of 55 own 73% of...
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WSJ: Americans Are Richer Than We Think

Our flawed measures of inflation understate wealth and improvements in consumer well-being. By Phil Gramm and John F. Early Aug. 21, 2019 6:59 pm ET What’s the best way to measure economic well-being in a country as large and diverse as America? One crucial tool is price indexes, which allow us to take...
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WSJ: Has the Federal Reserve Lost Its Mojo?

The central bank has less control over market interest rates today than at any time in its history. By Phil Gramm and Thomas R. Saving June 17, 2019 7:17 pm ET When the Federal Open Market Committee’s meeting concluded last month, reporters focused on the federal-funds rate, announcing that it would be held...
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