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.
Will Single-Payer Health Care Be California's Next Big Fiscal Crisis?
As Institute for Policy Innovation scholar Merrill Matthews recently noted in these pages, a number of states have tried to impose single-payer health plans on their citizens and failed.
Scott Pruitt Will Have to Change EPA Policies - And Culture
Scott Pruitt may face the biggest challenge of all of President Donald Trump’s Cabinet appointments because the EPA is dedicated to a cause rather than the public.
Five Cheers For Trump's CPAC Comments On Economic Policy And Tax Reform
President Donald Trump gets five cheers for his economic policy comments made during his speech at the 2017 Conservative Political Action Conference (CPAC).
The Costs of Revenue Neutrality
Some argue that tax reform must be revenue neutral so that it doesn't cost the economy. But revenue neutral tax reform will have significant costs as well.
Mend, Don't End, the H1B Visa Program
Of all the controversial elements of proposed immigration reform plans, the H1B visa impasse should be the easiest to fix.
Three Cheers for President Trump's 'Core Principles' of Financial Reform
President Trump's recent financial reform executive order identifies six principles that should guide legislation to replace the Dodd-Frank law.
Congress Should Abolish CFPB as Trump Rolls Back Financial Regulations
As President Donald Trump rolls back financial regulations and looks to make personnel changes at the Consumer Financial Protection Bureau (CFPB), Congress should begin work immediately to abolish the regulatory agency.
The Economy Can't Wait
Getting the economy growing again should be the Trump administration’s number one priority.
The Future Of American Manufacturing Is High Tech, Not High Tariffs
If Trump focuses on these reforms, rather than punitive tariffs, he'll stand a good chance of rejuvenating American manufacturing.
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