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.
Careening Toward Fiscal Disaster
A deeply troubling threshold has been crossed. In recent weeks, the national debt (debt held by the public) of the United States has exceeded our gross domestic product (GDP). In other words, we owe more than we produce. This is the first time since World War II that national debt has exceeded GDP.
Trump's Housing Agenda Depends on Fixing the Senate's Mistake
This provision in the Senate bill directly counters President Donald Trump’s call to level the playing field on existing supply, not to suppress the construction of new homes. The Senate bill took that call and ran it through Warren and Sen. Bernie Sanders (I-VT). What came out the other side undermines the Trump administration’s efforts. It is no surprise that Trump himself has signaled concerns, as have industry groups and researchers who have been closely tracking this provision.
Don't Railway Safety Act My Surface Transportation Reauthorization
The Surface Transportation Reauthorization is being consider in committee this week in Washington. The draft legislation thankfully does not contain the harmful provisions of the Railway Safety Act, but proponents will attempt to add an amendment to the draft language. For the sake of the economy, here’s hoping wiser heads prevail.
IPI Welcomes SCOTUS Tariff Rebuke, but . . .
Dallas--The Institute for Policy Innovation (IPI) is pleased that the Supreme Court has correctly decided that President Trump improperly used the 1977 International Emergency Economic Powers Act to impose harmful, capricious, sometimes malicious and often incoherent tariffs on goods purchased by American businesses and consumers. And we await the comedy of a response from the Trump administration.
Texas Bitcoin "Reserve" Is a Terrible Idea
There are no sovereign liabilities denominated in bitcoin, which means there’s no obvious emergency for which “having bitcoin on hand” is the solution. Reserves should be built around the liabilities and risks you’re trying to hedge — and bitcoin’s volatility tends to amplify risk rather than reduce it.
Government Bitcoin "Reserves" Are a Terrible Idea
A government bitcoin “reserve” is really government chasing fads and making highly speculative bets with taxpayer dollars. And gambling with taxpayer dollars is not a legitimate function of government.
Don't Scapegoat the Servers
Let's be clear about what a data center is: critical infrastructure. It's the physical home of the digital services we rely on. If policymakers are serious about economic competitiveness, they should treat data centers the way they treat all critical infrastructure.
Keep Prescriptive Rail Mandates Out of Surface Transportation Legislation
The Institute for Policy Innovation joins a letter to congressional leaders opposing the inclusion of Railway Safety Act (RSA)–style mandates, or similar prescriptive rail regulations, in any surface transportation reauthorization legislation.
Congress Must Preempt State Regulation of Artificial Intelligence (AI)
It makes no sense for there to be 51 different regulatory regimes for a business that travels across state borders at the speed of light.
A Different Kind of Stock Is Stampeding to Texas
As Democrat-led cities and states become increasingly inhospitable to wealth creation and business formation, and even unsafe and unpleasant for daily life, Texas is reaping the benefits. Of course, this will present challenges as well, but signs are good that Texas is up to the job.
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