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.
Obama Wants to Extend the Longest Extension of Unemployment Benefits in History
Democrats are pushing Republicans to pass yet another extension of the unemployment benefits, but the long-term unemployed are a result of Obama’s bad economic policies and extending benefits only provides him with political cover from those bad policies.
Other Comments: The Empire Strikes Back
After years of watching companies flee the country, the UK has begun aggressively reforming its corporate tax code. Meanwhile, the 40% U.S. corporate tax rate remains the highest in the world.
Obama's Quest To Increase Income Inequality - Starting With The Minimum Wage And Obamacare
Obama's policies have been a disaster for low-income and low-skilled workers, which is why their unemployment rate is so high. And now, in the name of reducing income inequality, he would make millions of Americans even poorer.
In Trying to Smear ALEC, Wash Post Liberal Gets It Wrong
If the People's Republic of China can attend an ALEC task force meeting and make a presentation about economic reform, how secretive can it be?
The Courage of their Limited Government Convictions
With the next round of sequester spending restraints scheduled to hit in 2014, we’re about to find out which Republicans have the courage of their supposed limited government convictions.
The EU Proposes Yet Another Tax on Capital Investment
The European Union is moving to implement a financial transactions tax that will likely cost the Union tax revenue.
Reform is Just a Word, in Taxes as in Health Care
Tax reformers need to keep a clear vision of what they’re trying to accomplish with tax reform, because if the purpose of the reform is to stimulate economic growth it must increase the after-tax rate of return to capital, otherwise reform could actually make things worse.
LNG export would be good for Maryland
Liquid natural gas exports could generate 9,500 jobs in Maryland alone by 2035 and increase state wages.
It Is Time To Act Like A European Welfare State
For years various politicians have warned that following the public policy decisions of European countries too closely would take us down a path to becoming a European welfare state. But following the lead of one European country now would likely help the U.S. move towards a healthy, freer, growing economy.
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