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.
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.
Making 'Cents' of the Gender Pay Gap
We will hear a lot about a "gender pay gap" in this election cycle. We explain why almost all of the claims are wrong.
World Wi-Fi Day and the Value of Unlicensed Spectrum
You can be forgiven for not knowing that today is World Wi-Fi Day, but you’re certainly aware of the importance of wi-fi to our modern economy and lifestyles. That’s why it’s concerning that Congress has allowed the FCC’s authority to auction and allocate spectrum to lapse. Congress should prioritize restoring the FCC’s authority with the recognition that unlicensed spectrum is also of immense economic value to the economy.
Inflation Report: Milton Friedman 1, Modern Monetary Theory 0
Inflation is slowing as the money supply declines. Milton Friedman hit a home run; Modern Monetary Theorists struck out.
Coalition Letter in Support of Capital Gains Indexing
Government should not profit from inflation. The costs basis for capital gains should be indexed to inflation, like other income taxes.
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