Phil Gramm

Phil Gramm, a retired U.S. senator and economics professor, joins Donald J. Boudreaux, a noted economist and author, to dissect the interplay between capitalism and government intervention throughout American history. They discuss how key events like the Industrial Revolution and Great Depression shaped perceptions of government roles. The duo argues against common beliefs about income inequality and welfare, advocating for personal responsibility and the transformative power of capitalism. Their insights challenge the conventional narratives on economic policies and social mobility.

Former senator Phil Gramm, a key voice in American economic policy, teams up with economist Don Boudreaux to debunk persistent myths about capitalism. They tackle misconceptions like the supposed doom of the Industrial Revolution and the misattributed blame on deregulation for financial crises. The discussion emphasizes the importance of competition in markets and critiques ineffective government interventions. They also explore how historical narratives shape our economic beliefs, urging a more nuanced understanding of capitalism's benefits.

Phil Gramm, former U.S. Senator and economist, teams up with Jonah Goldberg to delve into his new book on economic myths. They highlight the Industrial Revolution's impact on modern capitalism and dissect misconceptions about income inequality. The discussion critiques protectionist policies and emphasizes the importance of free trade, drawing parallels to Reagan's views. Gramm also addresses the evolving landscape of the Republican Party post-Trump, urging a reassessment of tariffs and the role of Congress in trade authority.

Senator Phil Gramm, an economist and former U.S. Senator from Texas, challenges the narrative of growing income inequality in America. He reveals how excluding government assistance skews perceptions of poverty, arguing that adjusted inequality measurements suggest a decrease since 1947. Gramm also critiques welfare policies that disincentivize work and discusses the dynamism of the American market compared to regulatory constraints in Europe. His insights shed light on misconceptions about the American Dream, economic mobility, and the super-rich's role in society.

Debates on poverty in America persist due to conflicting perspectives: is it a terrible scourge or a measurement error? Former Senator argues poverty is overstated, while sociologist claims no progress. Podcast delves into nuanced debate on poverty, income inequality, and government assistance policies.