An Interview with Senator Phil Gramm, Economist, Legislator, and Author From the classroom to the halls of Congress, to international banking, and the public square, few Americans have made a more sustained and consequential case for economic freedom than our guest on this episode of Voices of Freedom. Senator Phil Gramm taught economics at Texas A&M University for twelve years before serving in the United States Congress for more than two decades — first as a Representative from Texas, then as United States Senator. His legislative record includes the Gramm-Latta Budget, which reduced federal spending and paved the way for the Reagan tax cut; the Gramm-Rudman Act, which placed the first binding constraints on federal spending; and the Gramm-Leach-Bliley Act, which modernized the nation's banking, insurance, and securities laws. He is currently a visiting scholar at the American Enterprise Institute and the author of The Myth of American Inequality and The Triumph of Economic Freedom. Senator Gramm is a 2026 Bradley Prize winner. Topics Discussed on this Episode: Senator Gramm's path from the classroom to Congress The legislative legacy of the Gramm-Latta Budget, Gramm-Rudman Act, and Gramm-Leach-Bliley Act Whether Congress can recover a commitment to fiscal discipline How the country arrived at today's polarization over free enterprise and markets The case for economic freedom and what's at stake for the next generation

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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