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.
Comparing the Major Candidates' Tax Plans
Most of the major presidential candidates have released tax reform plans with enough specifics to run them through an economic model. On tax policy, Republicans tend to focus on economic growth, while Democrats tend to focus on distributional effects.
Economics in Action: Wal-Mart Raises Wages Then Closes Stores
Higher wages are nice, but not when it costs you your job.
Data That Suggest a Coming Recession
The country has experienced three recessions in the past 30 years, and in each instance, median household income began to decline about a year to 18 months prior to the start of a recession. A 2013 report showing how median household income began to again decline hints that a recession may be around the corner.
Obama Prepares to Defend His Failed Record
A president’s last State of the Union Address is often about defending his legacy. And he will have to because no one else will.
Is Hillary Clinton A Socialist or Even A Communist?
Change just a few words in the communists’ platform and you have the Democratic presidential campaigns.
When 'Full Employment' No Longer Is Full Employment
The U.S. is approaching what economists call "full employment," in which everyone who wants a job can find one. So why are so many people unemployed and desperate for work?
Five Numbers That Should Terrify Democrats
These five numbers—60, 57, 68, 57 and 46—could doom any Democratic presidential candidate, regardless of who the Republicans nominate.
If Donald Trump Was President, Here’s What Would Happen to the U.S. Economy
There's no denying Trump has done a good job of making himself rich -- he's worth somewhere between $4.5 billion and $10 billion, depending who you ask . Can he make the rest of America rich, too?
Coalition Letter in Support of Permanent Internet Tax Freedom
Since 1998, the federal government has prohibited states and localities from imposing such taxes. This has helped Americans from all backgrounds gain access to the Internet. The economic and educational benefits of this policy are vast and immeasurable. It is long past time for Congress to make permanent the ban on Internet access taxes.
Wouldn't It Be Great If We Could Make Obama Live Under the Same Laws We Do?
While millions of lower-income Americans will be struggling to find a job or get enough hours to pay the bills, Obama won’t have to worry when he's out of office.
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