His progressive legacy won’t last because he passed vague laws and abused his executive power to impose policies that are unpopular. By: PHIL GRAMM Aug. 23, 2015 6:03 p.m. ET How did Barack Obama join Franklin Roosevelt and Ronald Reagan to become one of the three most transformative presidents in the...
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Category Archives: Regulatory Policy
Gramm and McMillin: The Debt Problem Hasn’t Vanished
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....
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Cavuto: Is Economic Recovery Impeded by the Fed?
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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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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Phil Gramm on Banking, Regulation, U.S. Election
Sept. 10 (Bloomberg) — Former U.S. Senator Phil Gramm, a Texas Republican who helped write the 1999 law that enabled the creation of financial institutions such as Citigroup Inc. and Bank of America Corp., talks about the outlook for the 2012 presidential election and the banking industry. He speaks with...
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Senator Phil Gramm-Larry Kudlow, Tale of Two Recoveries
Sep 4, 2012 Former Senator Phil Gramm, (R-Texas), compares and contrasts the policies and the economic results of Reagan’s recovery and Obama’s recovery, highlighting the dramatic increase in dependency in Obama years. Watch the video ...
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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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Reaganomics and American Character
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. ...
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The Obama Discount
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....
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Echoes of the Great Depression
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...
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