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.
The Worker-Shortage Mystery Solved--Mostly
A Federal Reserve Bank paper explains why so many employers are still struggling to find workers.
We Have a Republican Speaker, but No Republican Plan to Speak Of
What specifically do Republicans plan to do now? Where’s their five-point or 10-point plan for tackling inflation or crime? What’s their plan for crimping Biden’s spending spree?
As Latin America Shifts Left, Oil Production Could Fall
The leftward turn of many Latin American governments is yet another reason why the Biden administration needs to end its war on U.S.-produced fossil fuels. Otherwise, the energy shortages facing Europe will find their way to the states.
Evidence that Low Tax Rates Encourage Compliance, High Rates Don't
The Democrats' Inflation Reduction Act ironically provides evidence for why low tax rates promote tax compliance.
A 'Pay Gap' Tells Us Nothing About Discrimination Against Latinas
Differences don’t necessarily imply discrimination.
Big Government = Big Fraud, and Even China Gets Its Share
Big government that hands out trillions of taxpayer dollars should expect to be targeted by hackers and scammers—and even the Chinese got their share.
Some Voters See a Coming Economic Depression
While an economic depression is highly unlikely, the fact that many voters think one's coming is bad news for Democrats and the midterm elections.
Texan Voters Believe Tech Regulation Will Increase Consumer Prices and Opinion Discrimination
Voters say inflation is the number one issue facing Texans today.
Coalition Letter Opposing Freight Rail Shipping Fair Market Act
The Act will cause significant harm to our nation’s world-class freight railroads, disrupt supply chains, and raise prices for American households.
The Democrats' Whatever-Tax-That-Can-Pass Approach
Responsible economists ask how a proposed tax increase could distort economic decisions; Democrats ask a different question.
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