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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Monthly Archives: December 2017
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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