Economists have long recognized that technological innovation and enhanced communication increase productivity and reduce friction in economic activity. And never before has technology’s impact on economic growth been as evident as it is today.
At IPI, we focus on technology and communications policy not only because it’s critical to economic growth, but also because government’s inherent tendency to regulate prospectively poses an active threat to the economic gains and lifestyle enhancements made possible by technological innovation.
The communications and technology industries are among the country’s most competitive and the biggest capital investors in the U.S. economy, and are thus prime engines of economic growth and job creation. It is critical that public policy encourages continued innovation and investment in the tech sector, and that we don’t limit the innovation upside with counterproductive taxes and regulations.
Voters say inflation is the number one issue facing Texans today.
Government regulators prize protecting their political constituencies above realizing all the benefits and gains to consumers that result from encouraging and implementing technology and innovation.
Like the Texians before them, today’s Texans overwhelmingly believe in free markets, private property, individual liberty and lesser government. HB 20 violates not only these principles but also the free speech protections of both the U.S. and Texas Constitutions.
Conservatives, Liberals Warn About 5th Circuit Court Lifting Injunction Against Texas' Social Media Law
People who fall on all sides of the political spectrum are signaling concern over what implementing Texas’ social media law will look like practically.
For the sake of our economy, for the promise of a better quality of life, and greater discovery, we should allow permissionless innovation unless harm can be demonstrated. And even then, such regulation should be minimal and flexible.
Dr. Cell Phone is quickly changing how medicine is practiced, paid for—for both doctors and patients.
The United States has figured out the innovation equation, while the rest of the world has not: The heavy hand of government does not lead to greater innovation. That’s why tech populism, calling for more aggressive regulation and antitrust activism, is very troubling.
Seeing the Heritage Foundation institutionalize grievance politics and populist anger and demonize an entire industry is a mistake with potentially enormous consequences.
In an attempt to settle political scores with “Big Tech,” some conservatives are suggesting policy changes that would be an unwise tradeoff of past successful conservative policy victories.
Senator Klobuchar’s bill is a very dangerous assault on the traditional consumer welfare standard the United States has wisely embraced during the past several decades.