I saw him put the country’s interests ahead of his own more than once. We coulduse a leader like that now.By Phil GrammAug. 16, 2022 6:23 pm ET President Biden’s signing of the so-called Infl ation Reduction Act brings back four-decade-oldmemories of better economic leadership. On Aug. 13, 1981, President...
Read more
About: Steve McMillin
Recent Posts by Steve McMillin
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...
Read more
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...
Read more
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,...
Read more
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...
Read more