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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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