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.
Economic Growth Is Job #1
The incoming president and Congress must take immediate steps to stimulate real economic growth, which will make pursuing the rest of their agenda and solving our other problems possible, and easier.
A Nation of Nation Builders
Both President Obama and Governor Romney want to do some nation building: Obama at home, and Romney abroad. Both are potentially costly ideas without much hope for success.
Of Course It Can Work
The reason Obama and Biden are convinced Romney’s tax plan cannot work is that having failed themselves to grow the economy, they are defining economic growth out of the equation.
One Graph Tells the Whole, Sorry Economic Story
Listen to those who defend President Obama's economic record and then take a look at the graph, which undermines virtually every claim.
Tonight's Debate: Will Romney Step Up to Plate With Bold Solutions?
While conservative pundits and GOP strategists have encouraged Gov. Romney to be bold in tonight's first debate against President Obama and not play "small-ball," IPI experts are available to discuss whether or not the Republican candidate indeed stepped up to the plate.
Could Fed Spending Policies Cause Inflation? They Already Have
Inflation isn't a threat in the future, it's here now—thanks to the Fed—if you understand what inflation really is.
The Coming 'Obama Recession' Of 2013
If President Obama is reelected and gets his way, the country will enter the "Obama recession" of 2013, just like FDR in 1937.
Sweden Gets It
What government should be asking is: Would we rather have 22 percent of a thriving, growing business sector, or 35 percent of a moribund, struggling business sector?
Fed Quantitative Easing Won't Help Economy, But White House Regulatory Easing Will
While reports today indicate the Fed will spend $40 billion per month on bond purchases to boost the weak economy, with no end date set, Dr. Merrill Matthews says it’s not quantitative easing that the economy needs but regulatory easing.
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