About: Steve McMillin

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WSJ-The Biden Stagflation Is Coming

His approach to the economy is already causing prices to rise. It will soon stifle growth as well. By Phil Gramm and Mike Solon Dec. 13, 2021 1:07 pm ET The White House continues to insist that inflation will soon fade away and the country will return to its pre-pandemic prosperity. But...
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WSJ-Will Joe Manchin Stand His Ground on Inflation?

Federal spending is its biggest driver. He has demanded an honest accounting, due this week. By Phil Gramm and Mike Solon Nov. 18, 2021 12:05 pm ET Long before the Bureau of Labor Statistics reported inflation had hit a 30-year high, Sen. Joe Manchin (D., W.Va.) raised concerns about how President Biden’s...
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WSJ-The Democrats’ Tax-the-Rich Ruse

The wealthy already bear far more of the burden in the U.S. than they do in other developed countries. By Phil Gramm and Mike Solon Oct. 14, 2021 12:49 pm ET President Biden’s effort to pass the largest tax increase in U.S. history is based on the verifiably false claim that Americans...
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WSJ-Inflation Punishes the Unprotected

Government shields its employees and beneficiaries, but not ordinary workers, from higher prices. By Phil Gramm and Mike Solon Aug. 11, 2021 6:14 pm ET The Labor Department reported Wednesday that consumer prices have risen in the past year by 5.4%. Prices have risen at an annualized rate of 7.1% in 2021...
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WSJ-How the Fed Is Hedging Its Inflation Bet

Though few have noticed, the central bank is already slowing the growth of the money supply. By Phil Gramm and Thomas R. Saving Aug. 1, 2021 5:03 pm ET Federal Reserve Chairman Jerome Powell last month told the House Banking Committee “it would be a mistake” to tighten monetary policy “at a time when...
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