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.
Unlike COVID, We Know Debt Crisis is Coming. How Will We Explain Why We Didn't Act?
The next generation—our children—will curse us for handing them this mess and refusing to deal with problems we can see are coming. And we won’t be able to claim ignorance.
California's New Minimum Wage Comes with a Pink Slip
California fast-food workers are getting a state-mandated raise to $20/hour—and a pink slip to boot.
What Biden Can Learn from Economic Reforms of Argentina's Javier Milei
If Argentina can return to free markets and fiscal responsibility, maybe the United States can, too.
Higher Immigration Will Reduce the Federal Deficit
CBO confirms a growing supply of labor, in part due to growth in immigration, will boost economic growth.
Are You Ready for MAGAnomics? Is the Country?
Biden has decided to attack "MAGAnomics," though it isn't clear exactly what that is.
Bidenomics Is Xinomics with American Characteristics
President Joe Biden has been abandoning the U.S. version of free market capitalism that Deng admired and increasingly embracing variations of Xi’s policies. Call it Xinomics with American characteristics.
Will a Reliable Recession Indicator Become Unreliable?
The Conference Board's Index of Leading Economic Indicators is hinting at a recession in the near future, which would make selling Bidenomics to voters even more difficult.
Why Inflation, Which Recently Ticked Up, Will Likely Decline Soon
The latest inflation uptick seems to prove, once again, Milton Friedman's connection between inflation and the money supply.
Bidenomics Has Erased the 'Wealth Effect'
The wealth effect is a direct result of pro-growth economic policies: low tax rates, limited government and lite-touch regulation. Currently neither major candidate is embracing that approach.
Why are Some Republicans Acting Like Progressive Democrats? This Bill Is a Clue
New Right populism isn’t very different from leftist progressivism, and it will be as harmful for the country as leftist progressivism. The Railway Safety Act demonstrates the difference between truly conservative Republicans such as Cruz and big-government, pro-union populists such as Vance.
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