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.
Right on Cue, Here Come the New Taxes
Blowout Democratic spending is the prerequisite for claiming the country MUST raise taxes on the rich.
Government Spending Is Becoming One Big Fraud-Fest
Elected officials used to care about "fraud, waste and abuse." But Democrats increasingly think handing out taxpayer dollars is more important than who gets them.
So Much for Joe Biden, Moderate
President Biden wasted no time releasing a flurry of executive orders and legislative proposals. Some of them may be helpful in addressing the economic challenges imposed by the coronavirus pandemic. But others would almost certainly “cancel” his effort to create jobs, grow the economy and promote equity.
How Much Is a $15 Minimum Wage Worth? It Depends on Where You Live
The biggest problem with a federal minimum wage is that the cost of living varies widely from state-to-state, and between cities and rural areas.
The U.S. Trade Deficit Grew 'Big League' Under Trump
Donald Trump failed to reduce the U.S. trade deficit—because the economy was so good.
Biden's Plan to Save Failing Businesses: Raise Minimum Wage
Joe Biden's plan to raise the minimum wage would close even more businesses.
Biden Should Retain These Trump Policies to Keep America Great in 2021
There are at least four Trump initiatives that Biden should retain, which would help the country, both domestically and internationally.
Biden Take Note: Businesses Flee to Texas Because Economic Policies Matter
That major companies are fleeing California for Texas is a good indication that the Lone Star State's economic and regulatory policies, not California's, should serve as Joe Biden's model for jumpstarting the U.S. economy.
Washington's 'Knowledge Problem' About Innovation, Technology and Google
Antitrust reviews are the worst form of policymaking, with the government picking winners and losers, deciding what is “too big,” and otherwise carving up industry as if government has any understanding of business, innovation or even the effects of antitrust actions.
A Big Anniversary for Deregulation and Economic Growth
Avoiding new regulation and pursuing new deregulatory efforts could be a fruitful part of a new economic growth agenda.
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