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.
Tariff Magic
Those wanting to impose across-the-board tariffs on American imports seem to think that tariffs are magic, but in fact they are guilty of magical thinking.
A vote for Donald Trump is a Vote for Elon Musk
The government could significantly downsize if Trump, through Musk’s efficiency efforts, were to eliminate unneeded agencies and employees, combine agencies where duties and responsibilities overlap and slash regulations and red tape, something Trump did in his first term and promises to do again.
Voters Have to Elect Kamala to Find Out What She'll Do
She promised she would provide more detail in the coming months. Perhaps Democrats would prefer she stick with her detail-free campaign.
Are You Ready for 'Kamalanomics?'
There are many as-yet unannounced policy positions, and you can be sure they all will give the government much more control over our choices and our lives. But Harris will likely stick to unoffensive platitudes as long as voters, and especially the media, don’t demand specifics.
Why an Amending Convention of the States?
An Article V convention to pass constitutional amendments to rein in the federal government and set our fiscal house in order could be a powerful tool.
Why the Public Thinks the Country Is in Recession
Consumers can’t ignore their own financial conditions. And these indicators are weighing heavily on voter confidence in the economy.
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.
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