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.
Trump's Tariffs Swelled the Swamp
Trump's tariffs, which Biden has retained, have cost Americans—not other countries—billions of dollars.
The Worst of the Biden Tax Increases
There are a number of candidates for the title of "Worst Tax Increases" in Biden's new tax proposals. Here's my two worst options.
Modern Monetary Theory, RIP
Modern Monetary Theory has been put to the test thanks to President Biden and the Democrats. How's that working for us?
Texans Should Be Able to Gamble Here, as Long as We Avoid These Problems with Casinos
Texas can live up to both its culture and its aspirations and reap the rewards of both by allowing casino gambling in a prudent way that neither allows political corruption nor violates community standards.
With Biden, a Foot in the Door Always Leads to Barging In
Biden uses every new tax and regulation, regardless of how small, as a stepping stone to soon demand even more.
Stock Buybacks are Good, Not Bad
Despite Democratic criticisms, there are good economic reasons why some companies choose to buy back their own stocks.
How the Western Hemisphere Became the Leftist Hemisphere
The left’s widespread grip on the Western Hemisphere means slower economic growth and less individual freedom at a time when the world needs more of both. In years past, the United States could have served as a model for reform.
Is a Four-Day Work Week in Our Future?
Tired of going to school or working five days a week? There's a small but growing four-day week trend that may change the way we work.
What You Need to Know About Government's Clean Energy Subsidies
The current push for more clean energy efforts is being driven more by government subsidies than consumer demand.
Coalition Letter Opposing Woke 401(k) Rule
The Biden administration chose to undermine the Trump-Pence safeguards by issuing their own ERISA rule that would make it easier for retirement fund managers to imperil retirees’ savings. Congress can overturn the Biden administration’s dangerous ESG rule through the Congressional Review Act (CRA).
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