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.
A Positive View of a Negative Economy
The media and the left claim Clinton has a positive view of the economy and Trump a negative one. IPI has a positive view of what could happen to a lackluster economy if the next president adopts the right policies.
New Poll: Public Agrees the 'System Is Rigged'
Donald Trump and Bernie Sanders claim the economic system is "rigged" in favor of corporations and the rich; turns out a lot of Americans agree.
Memo To Trump: Blame Obama, Not Ford, For Small Car Shift To Mexico
"By moving their small cars to Mexico, which has skilled but cheaper labor, Ford hopes to break-even or make a little profit off them," explains the Institute for Policy Innovation's Merrill Matthews. (He notes that tax policy and climate change rules are also pushing Ford out of the U.S.)
The Obama Administration Is Gearing Up to Cause Another Mortgage Meltdown
Having learned nothing from the last housing crisis, President Obama sets the country up for another mortgage meltdown.
Trump's 4 Percent Economic Growth Should Be the Norm, Not the Exception
The only reason Donald Trump’s goal of 4 percent annual economic growth seems so high is that economic growth under the Obama administration has been so low.
Ford Building Cars in Mexico
Only One Trump or Clinton Tax Reform Detail Matters
Hillary Clinton intends to raise taxes so the government can spend more, and Donald Trump intends to lower taxes so individuals and businesses can spend more.
So That's What Happened to My Raise
Yes, wage compensation appears to have been stagnant for decades, but that's not the whole story.
Don't Cry for 'Free' Argentina--It's Finally Doing Something Right
Leftists and unions are protesting against Argentina President Macri because he is cutting government jobs and scaling back government utility subsidies—both of which the U.S. should be doing also.
Why Hasn't Your Income Been Going Up Faster? Blame Facebook
Politicians are looking for scapegoats they can claim are robbing us of more wages. But if excessive social networking is reducing productivity, and therefore limiting incomes, that’s one problem government can’t solve.
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