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.
Californians Love Texas
The information about Californians moving to Texas confirms what some people already know. "We've been identifying that situation for some time," says Merrill Matthews, PhD, a resident scholar for the Texas-based Institute for Policy Innovation.
To Grow the Economy, Make Welfare Recipients Work
The economy needs workers to grow, and President Trump's welfare work requirements will help provide them.
EDITORIAL: Finding Hope After Trump's Climate Retreat
This weekend the Trib has devoted a generous amount of ink and paper to differing views on President Trump’s decision to withdraw from the 2015 Paris climate accord. Those opinions range widely, from Washington Post journalist Ben Adler’s concern for both environment and economy, increasingly dependent on renewable energy and green initiatives, to conservative Texas scholar Merrill Matthews’ fears that the accord made too many demands of developed nations for environmental change, which he suggests (and with strong evidence) is already being positively affected by free-market forces.
A World Without the CBO
According to Director Mick Mulvaney, “The day of the CBO has probably come and gone.” We couldn't agree more.
Trump's Tweet Tirade Against Germany Could Backfire On U.S.
"The U.S. has a trade deficit because consumers have money to spend — and they spend it," said Merrill Matthews, IPI resident scholar, in a recent post. "Moreover, when U.S. consumers buy foreign goods and services (the current account), that money returns in the form of investment (the capital account). In other words, the accounts balance."
Why Is Trump Complaining About German Trade?
Germany produces quality products and services that consumers, including Americans, voluntarily choose to buy. So why is President Trump criticizing Germany's trade surplus?
Trump's Toxic Budget Is a Cheap Win for the Right People
A tax compromise that Trump could claim credit for isn’t hard to imagine. Business would be pleased. “A quarter of a loaf is better than none,” says Tom Giovanetti, president of the center-right Institute for Policy Innovation in Irving, Texas.
Ford's CEO--Another Casualty to Obama's Green Dreams
Ford's CEO is out, in part because President Obama's unrealistic CAFE standards force car manufacturers to build small, fuel-efficient cars that very few people want.
Fake News About Obamacare Spurring Job Growth
The New York Times believes that cutting the taxes and government spending by repealing Obamacare would hurt economic growth. In fact, we would likely return to the higher growth levels we never had under President Obama.
Federal Oil and Gas Leases Could Boost Government Revenue
President Trump recently proposed opening up more federal land and offshore for oil and natural gas exploration. That’s good news.
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