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.
Ford's CEO--Another Casualty to Obama's Green Dreams
Ford's CEO is out, in part because President Obama's unrealistic CAFE standards force car manufacturers to build small, fuel-efficient cars that very few people want.
Fake News About Obamacare Spurring Job Growth
The New York Times believes that cutting the taxes and government spending by repealing Obamacare would hurt economic growth. In fact, we would likely return to the higher growth levels we never had under President Obama.
Federal Oil and Gas Leases Could Boost Government Revenue
President Trump recently proposed opening up more federal land and offshore for oil and natural gas exploration. That’s good news.
Who's Ready for 5G? Indiana, That's Who
Indiana’s 5G bill is a model for other states to emulate.
Minimum Wage Increases: Venezuela's--and Democrats'--Anti-Poverty Solution
There are similarities between Venezuela President Nicolas Maduro's and Democrats' anti-poverty solution: dramatically raising the minimum wage. But it hasn't worked in Venezuela and, fortunately,won't have the chance to fail in the U.S.
Speeches That Weren't Made During the March for Science
Lots of speeches were given during the March for Science. Here are some important issues that likely weren't discussed.
Want to See What Protectionism Looks Like? Look at Steel
We don't have to turn to economic theory to see the problems with protective tariffs, we have real life examples.
No Basis for Conservative Opposition to the Texas Central Rail Project
There is no principled conservative objection to the privately financed Texas Central Rail project, but those trying to kill the project ARE violating several conservative principles.
Are Countries with Trade Surpluses Economically Stronger?
If the president's goal is to increase U.S. manufacturing so that Americans are buying fewer foreign products and foreigners are buying more U.S.-made products, there is a right and wrong way to do it. And imposing import tariffs is the wrong way.
No Basis for Conservative Opposition to the Texas Central Rail Project
There is no principled conservative objection to the privately financed Texas Central Rail project, but those trying to kill the project ARE violating several conservative principles.
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