A growing economy creates jobs, raises living standards, maintains global competitiveness, and thus engenders positive attitudes and optimism about the future.
While many policymakers seem intent on focusing on either economic stimulus or austerity, IPI believes that the economy can grow consistently and at higher rates than we’ve experienced in the last decade, and we reject the idea that economic growth contains within itself the seeds of its own demise through inflation, the business cycle, and erroneous Phillips Curve assumptions. Therefore, economic growth should be elected officials’ primary policy goal at the federal, state and local levels, and it’s the organizing principle of our policy work at IPI.
Whatever limitations may exist on economic growth, they should not be self-imposed through counterproductive tax policy, overbearing regulations, ill-conceived monetary policy, trade protectionism, or hostility toward skilled and ambitious immigration.
Note to Treasury: Germany Is the Solution, Not the Problem
The U.S. Treasury is criticizing Germany for being so successful at selling its products and services to other countries, and encourages the country to adopt the failed polices that are undermining economic growth in the U.S. and several EU countries.
What Really Hurts the Economy: Government Shutdowns or Obama's Economic Policies?
The two-week shutdown rattled many people and businesses, especially those who depend on the government. But what's causing the real damage is the president’s incessant quest to raise taxes and increase regulations and government spending.
Government Shutdowns Have Never Hurt the Stock Market
While government shutdowns have never cost the stock market more than a few points (and in most cases the market actually went up), the issue of the federal debt ceiling could have a significantly profound impact on the market.
NSA Mass Surveillance Harming the Free Flow of Data
Congress must rein in the NSA’s mass surveillance program not only to protect the privacy and freedom of American citizens, but to maintain America’s moral and economic leadership in the global digital economy.
Make It Permanent
Congress can make permanent the ban on Internet access and multiple or discriminatory taxes online, or allow the pro-tax thugs the chance to loot our digital future.
Why Are Companies Hoarding Cash?
There’s an enormous supply of cash that could be put to work in the economy. It dwarfs the size of any stimulus plan fantasized about by the wildest of Keynesian cheerleaders. But this administration just doesn’t get it.
Has the Last Edifice to the Liberal Vision Just Collapsed?
Liberals have to point to impending catastrophes if they want public buy-in for their agenda. President Obama has disproved most of their predictions, and now their last, best catastrophe may be evaporating.
The truth about wages: Obama's economy
The left and “progressives” love to blame wage stagnation on greedy businesses wanting to gobble a larger share of the pie. But it's actually a product of businesses' uncertainty about taxes, regulations and employee-benefit costs — which the Obama administration has exacerbated.
The Recent Decline in Wages Is a Result of Obama's Economic Policies
Real average wages have declined over the past four years and the reason is simple: Companies facing Obama’s regulatory and tax onslaught are reluctant to invest and hire.
The dreaded and feared sequester has been a success. Policymakers should add blunt tools like the sequester as a backstop into every future fiscal agreement.
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