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.
Less Stimulus, More Overdraft Protection
This proposal would get substantial help directly to the people and businesses who need it, while minimizing the drain on the federal budget—unlike most of what’s being considered in Washington.
"Stimulus" Is the Wrong Paradigm
Recession and economic stimulus is the wrong paradigm for the current situation. That hasn’t stopped many of our conservative friends from turning to the tried-and-true solutions of tweaking tax incentives, which don’t directly address the problem.
What Comes AFTER a Payroll Tax Cut?
Maybe it’s time for policymakers to start focusing on real structural reforms that result in long-term prosperity, instead of constantly relying on short-term fixes.
Make Business Expensing Permanent
How, exactly, do tax cuts stimulate economic growth? By encouraging businesses to invest.
Two Cheers for Trump's Budget and a Big Boo for Democrats' Response
A step-in-the-right-direction budget—if the reality matches the rhetoric, which it often doesn't.
Global Capitalists Meet in Davos to Extol Global Socialism
At least some World Economic Forum attendees think we have reached "peak laissez-faire," meaning it's time to give government more control over our economies and our liberties.
A Balanced Assessment of the U.S.- China Trade Deal
One of the president's top trade advisors sees nothing but positives from imposing tariffs. A more balanced view sees some positives, but many negatives.
The Blue-State Exodus Gains Momentum
It was only a matter of time before both businesses and individuals began voting with their feet. And that time has apparently come.
Are Fossil Fuels an Ethical Investment?
America has become the world’s leading energy producer. That fact has improved both our lives and our economy. Investing in the companies that make prosperity and national security possible isn’t just ethical, it’s commendable.
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