By Phil Gramm as appeared on August 30, 2012, on page A15 in the U.S. edition of The Wall Street Journal Only twice since World War II has the U.S. unemployment rate reached 10%: It was 10.8% in 1982 and 10% in 2009. The different responses of Presidents Ronald Reagan and...
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Category Archives: Tax Policy
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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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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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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If You Like Michigan’s Economy, You’ll Love Obama’s
Despite the federal government's growing economic dominance, individual states still exercise substantial freedom in pursuing their own economic fortune -- or misfortune. As a result, the states provide a laboratory for testing various policies....
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