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.
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.
Medicare Spending Can Be Cut, Just Not Obama's Way
Both Democrats and Republicans are trying to use the mantra of "they're cutting Medicare" as a way to hammer the opposing party and drum up senior support. But here's the dirty little secret: Medicare spending could be cut, a lot, without doing any harm to seniors' health.
We Know the Feds Like Low Interest Rates, but Forever?
The days of Federal Reserve Bank independence from the political sphere may be drawing to a close.
The US Navy: Defending Our Freedom And ... Building Our Refineries?
The Pentagon is pushing ahead with a $420 million effort to build three refineries to make competitively priced biofuels.
Now, with More Math!
With the selection of Paul Ryan as Mitt Romney’s companion on the Republican presidential ticket, it’s clear math will play a major role in the fall campaign. But who’s got the right math?
Ryan VP Pick Forces Obama into Medicare Reform Debate
Romney’s bold pick of House Budget Chairman Paul Ryan as Vice President makes it clear the 2012 election is about the country's financial future, and with Ryan on the ticket, President Obama will be dragged kicking and screaming into the Medicare reform debate.
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