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.
Don't Bother with myRA
Today, the Treasury Department rolled out the new myRA retirement accounts with almost no fanfare. And it’s easy to see why: The myRA is a retirement savings policy embarrassment.
You Can't Believe China's Government Data
For all its pretense to want to join the developed countries as an economic equal, China has never learned the lesson that competition, transparency and the rule of law lay the foundation for prosperous economies — and good business relations.
RIP: Budget Sequester, 2013-2015
The budget sequester had a short but meaningful life. It successfully helped to control federal spending, which is why Democrats and many Republicans had to snuff it out.
How Three Texas Counties Are Battling Income Inequality and Winning
The primary issue for 2016 Democratic presidential candidates appears to be economic inequality—both income and wealth. They have two solutions: raise the minimum wage and redistribute wealth. The far better solution, both for individuals and the economy, would be to let lower-income workers create and accumulate wealth.
Playing Politics With Internet Taxes
Congress should move to protect taxpayers and Internet users once and for all by making the moratorium permanent.
A Quick and Easy Way to Reduce Income Inequality
The best way to address the problem of income inequality is to ensure that lower-income workers can accumulate wealth, and the best way to do that is to replace Social Security with personal retirement accounts.
Reduce Trade Deficit by Ending Crude Oil Export Ban
Removing the ban on U.S. crude oil exports is one sure way to dramatically lower the balance of trade deficit for years to come.
The Minimum Wage Is A Price Control On Labor
In Tuesday’s Democratic debate, Sen. Bernie Sanders called for more than doubling the federal minimum wage to $15.00 an hour—a move that would hurt the poor by pricing workers out of the labor market and killing jobs.
The Minimum Wage Is a Price-Control Debate
Minimum wage legislation is just another form of price controls. Most economists understand why price controls don't work, but many people forget those principles with respect to the minimum wage.
California's New Fair Pay Act Says the State Is Closed For Business
This law slaps a big red target screaming “sue me!” on the backs of California’s largest corporations—because they have the deepest pockets to raid.
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