American economist and politician
Phil Gramm and Michael Solon examine the interplay between tariffs and tax cuts. Republicans are counting on voters being pleasantly surprised by larger-than-expected tax refunds this spring thanks to new…
Phil Gramm and Jeb Hensarling explore the president’s authority to remove members of the Federal Reserve’s governing board. The Fed is independent only in its conduct of narrowly defined monetary…
Phil Gramm and Donald Boudreaux explore the political implications of President Donald Trump’s tariff policy. The Trump administration is looking for an exit strategy from the most destructive parts of…
Phil Gramm and Larry Summers offer the president a bipartisan argument against new tariffs. In an extraordinary act of unity, 1,028 American professional economists in the spring of 1930 signed a…
Phil Gramm offers helpful ideas for policymakers pursuing immigration reform. The first step to ending the flood of illegal immigrants is to stop allowing people to come to the U.S.…
Phil Gramm and Donald Boudreaux explain how new tariffs would blunt other positive aspects of President-elect Trump’s economic policy. Donald Trump hopes to supercharge economic growth, restore manufacturing employment, and…
Phil Gramm and Donald Boudreaux discuss the high price of protectionist economic policies. Since Adam Smith debunked mercantilism in “The Wealth of Nations” (1776), the political appeal of trade protectionism has centered…
Phil Gramm and Mike Solon explain why President Biden and his allies are wrong about Trump-era tax cuts. In his call for Congress to repeal the 2017 tax cuts and…
Phil Gramm and Donald Boudreaux pour cold water on one of former President Donald Trump’s worst ideas. ‘National conservative” protectionists portray themselves as the adults in the room. They allege…
Phil Gramm and John Early push back against a popular narrative involving income inequality. Contrary to conventional wisdom, the most dramatic and consequential change in the distribution of income in…
Phil Gramm and Mike Solon write for the Wall Street Journal about President Biden’s failure to learn from history he witnessed firsthand. History withholds its wisdom from those who ignore…
Phil Gramm and Mike Solon write in the Wall Street Journal about Democratic tax policies based on a clear fallacy. President Biden’s effort to pass the largest tax increase in…