Category Archives: Monetary Policy

Mike Solon-Opinion Journal: Tax-and-Spend’s Destructive History

Posted in: Fiscal Policy, Monetary Policy, Tax Policy | February 3, 2015 at 3:07 pm , by Managed WordPress Migration User

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2/3/2015 1:20PM US Policy Metrics Partner Michael Solon on data that shows economic growth, not higher taxes, is the most reliable way to raise federal revenue. Photo credit: Getty Images. Watch the video here...

The Reagan-Clinton Template for Success

Posted in: Fiscal Policy, Monetary Policy, Tax Policy | December 16, 2014 at 9:39 am , by Managed WordPress Migration User

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Divided government doesn’t have to be a prescription for stalemate. Past bipartisan achievements point the way. By Phil Gramm and Michael Solon Dec. 15, 2014 6:17 p.m. ET After his re-election to become the next majority leader of the Senate, Mitch McConnell ’s first words were not about his or his...

How to Distort Income Inequality

Posted in: Financial Services, Fiscal Policy, Monetary Policy, Tax Policy | November 12, 2014 at 10:49 am , by Managed WordPress Migration User

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The Piketty-Saez data ignore changes in tax law and fail to count noncash compensation and Social Security benefits. By Phil Gramm And Michael Solon Nov. 11, 2014 6:50 p.m. ET What the hockey-stick portrayal of global temperatures did in bringing a sense of crisis to the issue of global...

Senate Democrats vs. the Middle Class

Posted in: Fiscal Policy, Monetary Policy, Tax Policy | October 14, 2014 at 2:26 pm , by Managed WordPress Migration User

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Senators elected in 2008 made Obama’s agenda possible, and its results have harmed most Americans. By PHIL GRAMM And MICHAEL SOLON Aug. 17, 2014 7:10 p.m. ET On Nov. 3, 2008, seven new Democratic senators were elected, giving Democrats 58 votes. Eight months later, with the Minnesota Senate race settled and...

Gramm and Wallison: Worse Than Fannie and Freddie

Posted in: Fiscal Policy, Housing Policy, Monetary Policy, Real Estate, Uncategorized | April 17, 2014 at 10:59 am , by Managed WordPress Migration User

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A bipartisan Senate housing reform would double down on the mistakes that led to the financial crisis By Phil Gramm and Peter Wallison In this era of partisan gridlock, any legislative proposal with significant bipartisan sponsorship should be praised and supported if it simply does not produce a policy worse...

Gramm and Solon: Suddenly, an Opening for Tax Reform

Posted in: Financial Services, Fiscal Policy, Monetary Policy, Tax Policy, Uncategorized | February 25, 2014 at 10:32 am , by Managed WordPress Migration User

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Senate Finance Chairman Ron Wyden now recognizes that a pro-growth tax reform can raise revenues. By Phil Gramm and Mike Solon A glimmer of hope for the economy and deficit reduction flashed from the Senate this past weekend when the new Senate Finance Committee Chairman, Ron Wyden, announced “a breakthrough”...

Phil Gramm and Thomas R. Saving-Janet Yellen’s Greatest Challenge

Posted in: Fiscal Policy, Housing Policy, Monetary Policy, Uncategorized | November 22, 2013 at 11:33 am , by Managed WordPress Migration User

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Every month that the Fed’s quantitative easing goes on, the exit strategy becomes more difficult and dangerous. By PHIL GRAMM and THOMAS R. SAVING With the Senate Banking Committee on Thursday approving Janet Yellen’s nomination to lead the Federal Reserve, her confirmation is virtually assured. Less certain is what Ms. Yellen ultimately intends to...

The Clinton-Era Roots of the Financial Crisis

Posted in: Financial Services, Housing Policy, Monetary Policy | August 13, 2013 at 8:52 am , by Managed WordPress Migration User

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Affordable-housing goals established in the 1990s led to a massive increase in risky, subprime mortgages. By Phil Gramm and Mike Solon* Simply put, the financial crisis of 2008 was caused by a lot of banks making a lot of loans to a lot of people who either could not or...

Gramm and McMillin: The Debt Problem Hasn’t Vanished

Posted in: Financial Services, Fiscal Policy, Monetary Policy, Regulatory Policy, Tax Policy | May 22, 2013 at 10:57 am , by Managed WordPress Migration User

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While deficit projections have recently moderated, the cost of servicing the national debt will explode once interest rates begin to rise. A version of this article appeared May 22, 2013, on page A15 in the U.S. edition of The Wall Street Journal, with the headline: The Debt Problem Hasn’t Vanished....

Gramm and Solon: Can Government Benefits Turn an Election?

Posted in: Fiscal Policy, Monetary Policy, Tax Policy, Uncategorized | October 18, 2012 at 9:21 am , by Managed WordPress Migration User

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This election will test the relative power of private-sector aspirations versus public-sector dependence. By Phil Gramm and Mike Solon as appeared in Wall Street Journal on October 18, 2012 Since World War II, the five incumbent presidents who were re-elected enjoyed an economy where the unemployment rate averaged 5.4% in...