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 race is on. The option for the U.S. is to either win or fall behind, ceding the future to our global competitors.
Some conservative Texas lawmakers this legislative session are presenting us with not one but two examples of confusing business protection with free-market support. This is unfortunate, but it may provide an object lesson in the difference between being pro-market and pro-business.
In this letter to Congress, IPI joins with other free market organizations voicing opposition to a new payroll tax and new paid leave entitlement program.
As Forrest Gump might say, “Socialism is as socialism does.” But what exactly is socialism?
In a new IPI publication, “On Private Sector Use of Eminent Domain,” Tom Giovanetti confronts a difficult topic and makes the limited government case for the right for property to be taken by the private sector when there is an unwilling seller and two key conditions are met under the Fifth Amendment’s Takings Clause.
There is no reason for principled conservatives to oppose private sector use of eminent domain, so long as it is reserved for a public use and includes just compensation. In fact, private sector infrastructure should be preferred over taxpayer-funded, government infrastructure. Through private sector development of infrastructure, we can grow the economy without growing the government.
Medicare for All proponents say government-run health care would boost U.S. economic growth, but all of the developed economies that have similar health care systems lag way behind U.S. GDP.
President Trump delivers his first State of the Union address before a divided Congress on Tuesday night, where his priorities to unfetter the private sector, rev up economic engines and enhance national security will starkly contrast Democrats’ increasingly socialist-leaning platform.
To win the 2020 election, Democrats will have to overcome two major obstacles: history and their lurch to the political left. They cannot change the first obstacle, and they seemingly don’t want to change the second.