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.
While the election isn’t until November 3, it looks like lots of people and businesses are, in a sense, “voting” early—with their feet.
Grocery stores have often been reluctant to open in low-income areas, creating what's known as "food deserts." Recent large-city riots, and support for them, will likely make that problem worse.
In 2021 the economy will need pro-growth, not pro-government, policies to enable economic recovery. But the Biden/Harris ticket is promising the opposite.
Employers need flexibility now more than ever, and that includes wages and benefits.
Despite all of the Democratic claims of pandemic competence, there is little reason to think that the party could have handled the virus any better.
In her emotion-driven speech to the virtual Democratic National Convention, Obama made several claims that are at best misleading. And if the media won’t do its job in pointing out these contradictions, others have to.
If the Biden/Harris team wins the election and keeps its promises to raise corporate taxes, U.S. corporations could find themselves right back in the same old tax mess, and looking once again to escape
Rather Than Pour Trillions into Infrastructure Funding, the Feds Should Get Out of the Way of Private Investment
If we really do want America’s critical infrastructure maintained, modernized and continually expanded, instead of borrowing and spending trillions of dollars on a small portion of our overall infrastructure, the most important thing government at all levels could do is just get out of the way.
Blue city riots will be putting the "broken windows" economic theory to the test, and proving, once again, why it is a fallacy.
It’s good news that a payroll tax cut has been dropped from discussion about further Covid-19 economic relief. There are far better ways to provide relief and to attempt economic stimulus.