What 1980 and 2016 Have in Common

Like the Reagan and Thatcher revolutions, Trump and Brexit are reactions to stagnation. By MICHAEL SOLON Dec. 11, 2016 4:17 p.m. ET Just as Margaret Thatcher’s ascendance in 1979 foreshadowed Ronald Reagan’s in 1980, so the British vote to exit from the European Union earlier this year presaged Donald Trump’s...
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Understanding the Trump Trade Agenda

Returning to the 1950s is impossible. But currency manipulation does hurt American workers. By PHIL GRAMM and MICHAEL SOLON If President-elect Trump is to establish a pro-growth trade policy, he must build upon America’s postwar trade history. A lesson from that history is that if trade policy is to reinforce...
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Where Clinton Will Take ObamaCare

As with HillaryCare, a single payer, national health-care system has always been the goal. By PHIL GRAMM Oct. 17, 2016 In claiming earlier this year that the current U.S. health-care system “was HillaryCare before it was called ObamaCare,” Hillary Clinton was telling the truth—but not the whole truth. In 1993,...
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The Subprime Superhighway

The U.S. and Europe are lowering capital standards for ‘investments’ in public infrastructure—ignoring the lessons from 2007-08. By PHIL GRAMM Oct. 2, 2016 5:56 p.m. ET More government spending, particularly for infrastructure projects, is the mantra in Washington and other capitals. But two factors stand in the way. First, the...
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Why This Recovery is So Lousy

Don’t believe the line that slow growth is inevitable after financial crises. Bad policies yield bad results. PHIL GRAMM and MICHAEL SOLON August 4, 2016 Donald Trump has been criticized by Democrats and Republicans alike for saying that “the American dream is dead.” But instead of slaying the messenger, critics on both...
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