The genius of the American system is that through freedom we have created extraordinary results from plain old ordinary people.

" Gramm's comments immediately became a campaign issue. "Laissez-Faire and the Optimum Quantity of Money". " — As quoted by former Gramm staffer Wayne A.

He was a senior economic adviser to John McCain's presidential campaign from the summer of 2007 until July 18 2008. William Philip "Phil" Gramm (born July 8 1942) is an American economist and politician who has served as a Democratic Congressman (1979–1983) a Republican Congressman (1983–1985) and a Republican Senator (1985–2002) from Texas.