Monthly Archives: May 2023

Unrestrained spending would crowd out private economic activity and risk triggering a recession. By Phil Gramm and Mike Solon May 21, 2023 5:04 pm ET House Speaker Kevin McCarthy last month mustered the votes for a bill to raise the debt ceiling, thanks in no part to his Democratic colleagues. His victory shifted the topography...

‘Robber barons’ of the 19th and 21st centuries enrich, not exploit, the poor and middle class. By Phil Gramm and Amity Shlaes May 7, 2023 4:29 pm ET Everything old is new again, and blaming the rich for America’s woes is no exception. The rise of progressivism before the turn of the 20th...