Why This Recovery is So Lousy

Posted in: Financial Services, Fiscal Policy, Monetary Policy |
Don’t believe the line that slow growth is inevitable after financial crises. Bad policies yield bad results. PHIL GRAMM and MICHAEL SOLON August 4, 2016 Donald Trump has been criticized by Democrats and Republicans alike for saying that “the American dream is dead.” But instead of slaying the messenger, critics on both...
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The Great Recession Blame Game

Posted in: Financial Services, Fiscal Policy |
Banks took the heat, but it was Washington that propped up subprime debt and then stymied recovery. By Phil Gramm and Michael Solon April 15, 2016 When the subprime crisis broke in the 2008 presidential election year, there was little chance for a serious discussion of its root causes. Candidate Barack...
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Cheer Up, Obama’s Legacy Can Be Erased

Posted in: Fiscal Policy |
The White House rammed through an agenda that could be quickly undone by a Republican president. By PHIL GRAMM And MICHAEL SOLON Dec. 20, 2015 4:06 p.m. ET President Obama seems to aspire to join Franklin Roosevelt and Ronald Reagan as one of the three most transformative presidents of the past hundred...
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The Federal Reserve’s Accountability Deficit

Posted in: Financial Services, Monetary Policy |
Every member of the Fed’s Board of Governors is an Obama appointee. That wasn’t supposed to happen. By PHIL GRAMM And THOMAS R. SAVING Oct. 14, 2015 6:27 p.m. ET The Federal Reserve enjoys extraordinary independence from the elected branches of government, based on the well-founded fear that politicians cannot be trusted with...
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