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.
Giovanetti: Passage of Tax Bill Major Step Towards "Right Kind" of Tax Reform
IPI commends the U.S. House of Representatives for passing sweeping legislation towards significant tax reform that would benefit the U.S. economy and the middle class.
Democrats Are Suddenly Concerned About Federal Debt
Democrats are raising concerns that tax reform could add to federal debt, but only after their eight-year spending binge that nearly doubled that debt.
Avoiding a Hurricane of Economic Fallacies
Let’s try not to compound economic disasters with economic fallacies. Markets work better than governments, even in a disaster.
Note to Fed: Low Inflation Is a Feature, Not a Bug
The Federal Reserve Bank is trying hard to push inflation up to 2 percent; let's hope it fails.
The Future of Work in an AI World?
The future is coming. Whether it is “jobless” may well depend on steps we take now.
Draining the Foreign Aid Swamp
President Trump and Secretary Tillerson are scaling back the money we hand out to other countries, and the countries and other hangers-on don't like it one bit.
Saving Money and Budgeting How-To: Smart Financial Practices
One savings vehicle that just didn't get the job done was the government-sponsored myRA account. Existing alternatives to the myRA were superior because they allowed workers to invest in a variety of securities, while the myRA restricted investments to U.S. Treasuries," noted IPI in a commentary. "Treasuries are lousy retirement investments."
When Trump Touts 'Made in America' He Should Talk Energy Too
There is at least one sector where “Made in America” means a stronger economy — not a weaker one.
'You Dingbats Can't Go Home Until You Do Your Job'
If the GOP leadership were to postpone or cancel the August recess, members of Congress would have time--and a lot more pressure--to accomplish what they promised they'd do.
Mineral Rights Can Make You Rich
“So much of our land was closed to development,” President Trump observed in a recent energy speech. “We’re opening it up.” If he makes good on that promise, it will give the economy a major boost, along with millions of royalty owners.
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