WSJ-The Risks of Too Much ‘Stimulus’

Disposable real per capita income rose 5.5% in 2020, the highest rate since 1984, due largely to transfer payments. By Phil Gramm and Mike Solon Feb. 2, 2021 6:17 pm ET Even among economists who strongly support President Biden, a consensus is growing that the economy emerged from last year set for...
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WSJ-Welcome to the Era of Nonstop Stimulus

Spending didn’t speed the last recovery, but Biden’s team is keen to keep the money flowing endlessly. By Phil Gramm and Mike Solon Jan. 3, 2021 1:18 pm ET When President Obama’s last Treasury secretary, Jack Lew, made the extraordinary claim that the Obama economic recovery failed because Washington “stopped [spending] too...
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WSJ-In Defense of Scrooge, Whose Thrift Blessed the World

In the 1840s, Dickens didn’t see how businessmen like his hero were already lifting mankind from poverty. By Phil Gramm and Mike Solon Dec. 23, 2020 5:36 pm ET No Christmas story except the biblical account of Jesus’ birth has been more often retold or more cherished than Charles Dickens’s “A Christmas...
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WSJ: Bidenomics Failed the First Time

Claims that he’ll spur growth ignore that his policies are a repeat of the stagnant Obama years. By Phil Gramm and Mike Solon Nov. 1, 2020 2:06 pm ET No candidate for president with a legacy of 36 years in the Senate and eight in the West Wing should need an economic projection...
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