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 U.S. Trade Deficit Grew 'Big League' Under Trump
Donald Trump failed to reduce the U.S. trade deficit—because the economy was so good.
Biden's Plan to Save Failing Businesses: Raise Minimum Wage
Joe Biden's plan to raise the minimum wage would close even more businesses.
Biden Should Retain These Trump Policies to Keep America Great in 2021
There are at least four Trump initiatives that Biden should retain, which would help the country, both domestically and internationally.
Biden Take Note: Businesses Flee to Texas Because Economic Policies Matter
That major companies are fleeing California for Texas is a good indication that the Lone Star State's economic and regulatory policies, not California's, should serve as Joe Biden's model for jumpstarting the U.S. economy.
Washington's 'Knowledge Problem' About Innovation, Technology and Google
Antitrust reviews are the worst form of policymaking, with the government picking winners and losers, deciding what is “too big,” and otherwise carving up industry as if government has any understanding of business, innovation or even the effects of antitrust actions.
A Big Anniversary for Deregulation and Economic Growth
Avoiding new regulation and pursuing new deregulatory efforts could be a fruitful part of a new economic growth agenda.
Union Fights Against Stable, Secure Healthcare Benefits for Kroger Workers
Employers, employees need flexibility now more than ever--that includes wages and benefits.
The Coming Blue-City Exodus
While the election isn’t until November 3, it looks like lots of people and businesses are, in a sense, “voting” early—with their feet.
Those 'Food Deserts' May Become Food Wastelands
Grocery stores have often been reluctant to open in low-income areas, creating what's known as "food deserts." Recent large-city riots, and support for them, will likely make that problem worse.
The Taxing Ticket
In 2021 the economy will need pro-growth, not pro-government, policies to enable economic recovery. But the Biden/Harris ticket is promising the opposite.
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