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.
The Courage of their Limited Government Convictions
With the next round of sequester spending restraints scheduled to hit in 2014, we’re about to find out which Republicans have the courage of their supposed limited government convictions.
The EU Proposes Yet Another Tax on Capital Investment
The European Union is moving to implement a financial transactions tax that will likely cost the Union tax revenue.
Reform is Just a Word, in Taxes as in Health Care
Tax reformers need to keep a clear vision of what they’re trying to accomplish with tax reform, because if the purpose of the reform is to stimulate economic growth it must increase the after-tax rate of return to capital, otherwise reform could actually make things worse.
LNG export would be good for Maryland
Liquid natural gas exports could generate 9,500 jobs in Maryland alone by 2035 and increase state wages.
It Is Time To Act Like A European Welfare State
For years various politicians have warned that following the public policy decisions of European countries too closely would take us down a path to becoming a European welfare state. But following the lead of one European country now would likely help the U.S. move towards a healthy, freer, growing economy.
Coalition Letter to Chairman Ryan Promoting Privatization
IPI joins with orther organizations in a letter recommending consideration of a variety of strategies to reduce spending, and increase revenue, through privatization policies.
Since When Did Inflation Become Good Public Policy?
Big-spending politicians are increasingly adopting inflation as a solution to a stagnant economy. That’s a Ponzi scheme that won’t last. The better option is to embrace economic growth.
Did the Sequester Hurt the Economy?
The sky didn’t fall, job creation picked up instead of slowing down, and in the process we’ve managed to begin the process of restraining federal spending.
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.
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