Though few have noticed, the central bank is already slowing the growth of the money supply. By Phil Gramm and Thomas R. Saving Aug. 1, 2021 5:03 pm ET Federal Reserve Chairman Jerome Powell last month told the House Banking Committee “it would be a mistake” to tighten monetary policy “at a time when...

Without the deregulation of the ’70s—which he supported—the economy would be smaller today. By Phil Gramm and Mike Solon July 14, 2021 2:16 pm ET In a sweeping executive order aimed at reimposing Progressive Era regulatory policy across the U.S. economy, President Biden recounted the foundational myths of modern progressivism. The first...

A federal wealth tax would only make it harder for people with big dreams to make them a reality. By Phil Gramm and Mike Solon June 16, 2021 6:16 pm ET ProPublica’s “blockbuster” story showing that the wealthy “pay income taxes that are only a tiny fraction of the hundreds of millions,...

As anti-production policies take hold, supply and worker shortages appear and inflation looms. By Phil Gramm and Rick Scott May 19, 2021 12:49 pm ET The April Consumer Price Index rose by 0.8%, or 9.6% on an annualized basis. On an annual basis the inflation rate for the past three months has...

Marginal rates have been a lot higher, but the actual share the top 1% pay stays remarkably constant. By Phil Gramm and Mike Solon May 12, 2021 12:39 pm ET With deficits at levels not seen since World War II, the March $1.9 trillion stimulus only beginning to spend out, and President...