Sep 13, 2012 Former Senator Phil Gramm, (R-Texas), argues Federal Reserve actions are not helping boost the economy. Watch the video ...
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Category Archives: Monetary Policy
Gramm and Taylor: The Hidden Costs of Monetary Easing
By Phil Gramm and John Taylor as appeared in Wall Street Journal on September 12, 2012 Since mid-September of 2008, the Federal Reserve balance sheet has grown to $2,814 billion from $924 billion as it purchased massive amounts of U.S. Treasurys and mortgage backed securities. To finance those purchases the...
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Gramm and Hubbard: What a Romney Recovery Might Look Like
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...
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The ‘Financial Recession’ Excuse
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...
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Bring back deficit knife
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...
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Phil Gramm: Deregulation and the Financial Panic
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...
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