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.
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.
Why Energy Companies Won't Produce
Companies expect that as soon as the current turmoil subsides, the Biden administration will shift back to hostile rhetoric, anti-energy legislative proposals, and oppositional regulatory policies.
Taxes Cause Deadweight Loss
Economists know to look under the covers when it comes to taxes, and they often find what's known as "deadweight loss."
Cancelling Student Loan Debt Would Worsen Inflation
Biden's student loan cancellation ploy would exacerbate inflation by putting even more money in the pockets of millions of Americans, most of whom don't need the additional cash.
Total Records: 613
