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.
Extend, Then Reform
Pass the tax extenders and then let's get serious about fundamental tax reform.
Time to Exit the Export-Import Bank
The Export-Import Bank is a crony capitalist institution that distorts our export markets with a backstop of taxpayer guarantees. Congress should phase out the Export-Import Bank and eliminate the potential for yet another taxpayer bailout.
The Obama Administration Has Been a Disaster for Women
The Red State-Blue State Divide on Getting People Back to Work
Red states are doing much better at reducing the rate of unemployment than blue states, largely because they shun the president's economic policies. Ironically, by doing so they lower the national unemployment rate making the president look better.
The Correlation Between Minimum Wage Increase and Youth Unemployment
There is an interesting and close correlation between U.S. minimum wage increases and rising youth unemployment that implies that hiking to cost of labor does cost jobs.
At Long Last, Talking About Fundamental Tax Reform
We’re long overdue to be talking about fundamental tax reform. Congressional leadership and President Obama should get on-board.
The Minimum Wage Hike (Likely) Cometh, But Destruction Isn't Certain
"Even if the current minimum wage increase proposals don't affect your company, it sets a bad precedent," said Merrill Matthews. "A government that feels justified in raising the minimum wage high enough to hurt some companies may soon feel justified in raising it high enough to affect your company."
The U.S. Economy on the GO
In an age where investment in technology and IP development are critical, these should show up in economic measurements. It is time to show them.
Five Years After Obama's Economic Stimulus, Most Americans Believe the Country Is in Recession
The stimulus is five years old, and even as the Obama administration boasts of progress the majority of Americans still think the country is in a recession and jobs are at the top of their concerns.
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