Category Archives: Fiscal Policy

Gramm and Hubbard: What a Romney Recovery Might Look Like

Posted in: Fiscal Policy, Monetary Policy, Tax Policy | June 7, 2012 at 12:35 pm , by Managed WordPress Migration User

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By Phil Gramm and Glenn Hubbard as appeared in Wall Street Journal on June 7, 2012 Given last week’s grim jobs report, it’s now clearer than ever that the November election will be a referendum on the economy. Has the president’s program worked? Does Mitt Romney have a better program...

The ‘Financial Recession’ Excuse

Posted in: Fiscal Policy, Monetary Policy, Regulatory Policy | February 2, 2012 at 12:50 pm , by Managed WordPress Migration User

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The ‘Financial Recession’ Excuse Why did the U.S. recover faster from the panic of 1907 than from the 2008 recession and the Great Depression? By Phil Gramm and Mike Solon Commerce Department data released last Friday show that four years after the recession began, real gross domestic product per person...

Reaganomics and American Character

Posted in: Fiscal Policy, Regulatory Policy, Tax Policy, Uncategorized | January 19, 2012 at 4:07 pm , by Managed WordPress Migration User

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The following is adapted from a speech delivered at Hillsdale College on October 3, 2011, during a four day conference on “Reagan: A Centenary Retrospective”. To access the pdf version click here. ...

The Budget Sequester’s Silver Lining

Posted in: Defense, Fiscal Policy | December 23, 2011 at 9:45 pm , by Steve McMillin

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Uniting a divided Congress around a major deficit reduction plan was never going to be easy, but it is virtually impossible when the incumbent president campaigns instead of governs and seeks to divide the nation based on how much money people make....

The Obama Discount

Posted in: Fiscal Policy, Healthcare, Regulatory Policy, Tax Policy | April 15, 2011 at 8:31 pm , by Steve McMillin

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Had the U.S. economy recovered from the current recession the way it bounced back from the other 10 recessions of the Post-War Period, our per capita Gross Domestic Product would be $3,553 higher and 11.9 million more Americans would now be working....

Echoes of the Great Depression

Posted in: Fiscal Policy, Regulatory Policy, Tax Policy | October 1, 2010 at 3:13 pm , by Managed WordPress Migration User

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Echoes of the Great Depression By Phil Gramm (As published on Wall Street Journal) This may not be your grandfather’s Great Depression, but many aspects of today’s situation would remind him of the 1930s. If the recession that officially ended a year ago feels uncomfortably surreal to you yet familiar...

Bring back deficit knife

Posted in: Defense, Fiscal Policy, Monetary Policy, Tax Policy | October 7, 2009 at 1:37 pm , by Managed WordPress Migration User

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Federal budget deficits are back with a vengeance. With the U.S. economy showing clear signs of recovery, it is time for Washington policymakers to shelve budget-busting health care reform and “cap-and-trade” legislation and focus instead on reducing deficit spending. Newly released budget projections from the Congressional Budget Office (CBO) and...

Phil Gramm: Deregulation and the Financial Panic

Posted in: Fiscal Policy, Housing Policy, Monetary Policy | February 20, 2009 at 2:10 pm , by Managed WordPress Migration User

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Loose money and politicized mortgages are the real villains. February 20, 2009 The debate about the cause of the current crisis in our financial markets is important because the reforms implemented by Congress will be profoundly affected by what people believe caused the crisis. If the cause was an unsustainable...