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.
Inflation Reduction Act Will Increase Taxes for Most People
President Biden said he wouldn’t raise taxes on people making under $400,000. His revised version to build back better does exactly that.
An Open Letter to Public Officials: Proposed Antitrust Bills Would Harm Consumers and Undermine Innovation
Economic, legal, and public policy experts, write to express concern over legislative and executive branch proposals aimed at dramatically expanding government antitrust and competition regulation authority over the technology sector and ultimately the entire economy.
45+ Free-Market Groups and Activists Urge Republicans To Reject Klobuchar Antitrust Bill
The bill would expand the size and scope of government, exacerbate inflationary pressure on American families, and fails to address legitimate conservative concerns over Big Tech censorship.
Will the Fed Be Able to Maneuver a Soft Economic Landing?
The Fed is playing catch-up in its effort to lower inflation while avoiding a recession. Its chances of success are looking less and less promising.
Where Have All the Government Workers Gone?
Hundreds of thousands of government workers haven't returned to work, and it's not entirely clear why.
Green New Deal, RIP
If we really think the environment is important, maybe we should try to do it the way the framers of the Constitution envisioned and rely on the legislative branch rather than the judicial branch to make our laws.
The Next Financial Hammer to Fall: Public Pension Funds
The public pension situation could get really messy in the near future.
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