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 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?
Coalition Letter Urging Fidelity to Taxpayer Protection Pledge
It's Really About Control
Calls for higher taxes on the wealthy are not really about “fairness,” but rather are about who controls and directs capital in our economy—capitalists themselves or government elites?
Papering Over Failure--with Your Money
Congress and the President have failed—utterly—to run a government that operates within a reasonable level that the American economy can afford to fund. When they talk about raising taxes, they are just trying to paper over their failures—with your money.
Where Are the Republican Spending Cut Proposals?
Virtually lost in the debate is that the more the government cuts spending, the less new revenue needs to be raised.
Copyright and the GOP
It was jaw dropping to see a paper appear on the website of the Republican Study Committee (RSC) that was infused with much of the rhetoric and many of the assumptions of the CopyLeft movement. When an RSC paper is praised on the Daily Kos website, you have to wonder what is going on.
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