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.
Sequester Sanity
Embrace the sequester as the first meaningful restraint on federal spending in almost twenty years. In fact, let’s start planning the next one.
It's Not Just The Minimum Wage, It's Also The Health Insurance Mandate
The combined impact of a minimum wage hike and ObamaCare's health coverage mandate spell disaster for low-income jobs and workers.
President Price Hike
Unlike typical government meddling in prices, President Obama’s policies always seem designed to make prices higher.
Republicans in search of '14 openings
George P. Bush is making the rounds this week in North Texas. He's the featured speaker Friday at an Institute for Policy Innovation luncheon titled "Whither the Conservative Movement: Big Tent or Big Debacle."
Wasn't the Presidential Election Supposed to Be About Growing Jobs and the Economy?
President Obama campaigned on growing jobs and the economy; but in his second inaugural address, he virtually ignores those challenges.
The Magic Coin
Using a legal loophole to violate the intent of Congress with a magic $1 trillion platinum coin would have far more dangerous results than anything resulting from the debt ceiling standoff.
Other Comments: The Folly of Flood Insurance; Election Quid Pro Quo; Solving Our Spending Problem
Over the past few years, Americans have cut back on their lifestyles by far more than 1%, writes Tom Giovanetti, as quoted in Forbes. It will be hard to demagogue successfully against a 1% reduction in government spending.
Steve Forbes: The Two Big (And Easy) Revenue Sources That Obama Is Ignoring
President Obama’s claim that higher taxes are necessary for more revenue is a sham. He has refused to use two easy ways to get more money–big money.
Tax Increases Will Exacerbate Future Economic Downturns
Financial planners advise investors to diversify; but President Obama is demanding even more financial concentration.
How to Cut Spending
If people believe that government is too big and spends too much money, why can’t we build political support for spending cuts?
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