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.
Blame Government, Not Technology, for High Unemployment
Technology does eliminate some jobs, but on balance creates more than it destroys. Just look at the most technologically advanced countries, where unemployment is at near-historic lows.
Former Adviser Praises Trump for Tax Cuts and Deregulation but Calls His Tariffs 'Stupid'
In his presentation, titled “Trumponomics: How and Why It’s Working,” Moore said that the heart of “Trumponomics” is growing the economy as rapidly as possible and that many of the major issues facing our country today — including poverty, the national debt, income inequality and education — will be easier to solve if the economy is growing faster.
Here Comes Trump's Steel Tariffs-Induced Crony Capitalism
We predicted that if Trump's trade war took off it would lead to crony capitalism. Now companies are understandably lining up for tariff exemptions, and you know money and favors are changing hands.
Supreme Court Ruling on Sales Tax Weighs on Amazon.com, Inc.
It’s unclear how the new ruling will effect smaller sellers, but Institute for Policy Innovation president Tom Giovanetti is in the camp of those that sees it as a big problem for them.
Supremes' Decision Branded Online Taxation Without Representation
“In today’s Wayfair decision, the Supreme Court overturned 25 years of its own precedent and decided that states will be able to assess sales taxes on internet transactions, siding with the state of South Dakota against Wayfair and other online sellers," said IPI president Tom Giovanetti, who also sounded ready to throw some tea overboard.
Amazon Shares Fall After Supreme Court Ruling on Sales Tax, As Brick-and-Mortar Retailers Gain
“The decision leaves e-commerce and especially small sellers extremely vulnerable to states gluttonous for tax revenue particularly from consumers and businesses with no presence in their state,” IPI president Tom Giovanetti said in a statement.
Democrats Are Supporting Yet Another Failed Socialist Policy
Democrats are gearing up to support a universal basic income plan because good intentions are more important than proposing policies that actually work.
Just Say No to Russia Joining the G-7
President Trump has suggested allowing Russia to rejoin the G-7, a bad idea since Russia is not a major, like-minded developed economy.
An Open Letter to the President and Congress Regarding Tariffs
Dr. Merrill Matthews joins thousands of other economists as a signator on an open letter to President Trump and Congress expressing opposition to protectionist tariffs.
No, Mr. President, You Have That Backwards
President Trump seems to think we don't tax Japanese automakers, but we do. And Trump's suggestion would tax Americans instead.
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