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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Don’t Be Fooled by ‘Secular Stagnation’

American exceptionalism hasn’t come to an end, and we needn’t settle for 2% economic growth. What the U.S. needs is policies like Reagan’s, not Obama’s. By Phil Gramm and Michael Solon Dec. 1, 2017 6:40 p.m. ET The only sound basis for gauging the potential impact of public-policy changes is through...
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