About: Steve McMillin

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WSJ-Lessons From the Great Inflation of 1973-81

Then as now, what drove higher prices was excess demand owing to runaway government spending. Ronald Reagan and Paul Volcker understood. By Phil Gramm and Mike Solon Aug. 2, 2022 12:49 pm ET History withholds its wisdom from those who ignore its lessons. Forty years ago this month, the fiscal policy of President Ronald...
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WSJ-Student Loan Forgiveness Is a Political Bribe

Buying votes for the Democratic Party is the only possible justification for such an unfair giveaway of taxpayer money. By Phil Gramm and Mike Solon June 29, 2022 2:39 pm ET Advocates for student-debt forgiveness are open about their political motivation. “It is actually delusional to believe Dems can get re-elected without...
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WSJ-Trump’s Protectionist Failure

Tax cuts and deregulation spurred the boom. Tariffs delivered neither economic growth nor key states. By  Phil Gramm and Pat Toomey March 2, 2021 1:26 pm ET Donald Trump was America’s first post-Depression presidential nominee to make protectionism a major plank of his platform. During the 2016 campaign he presented it,...
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WSJ-Biden Aims at Profit, Hits Workers

The 2017 corporate tax cuts triggered the blue-collar wage boom. Higher rates would reverse it. By Phil Gramm and Mike Solon April 6, 2021 6:18 pm ET The Biden administration has proposed an array of corporate tax increases with a goal of raising some $1.33 trillion over the next 10 years. That’s...
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WSJ-The ‘Stakeholder’ War on the Enlightenment

ESG advocates would return society to the communal and stagnant world of the Dark Ages.By Phil Gramm and Mike SolonMay 23, 2022 12:53 pm ET No one appreciated the power of capitalism more than its greatest antagonist,Karl Marx.Born of the Enlightenment, embodied in the Industrial Revolution, capitalism, accordingto Marx, “accomplished...
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