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.
Populism Is the Wrong Approach to Tech Policy
The United States has figured out the innovation equation, while the rest of the world has not: The heavy hand of government does not lead to greater innovation. That’s why tech populism, calling for more aggressive regulation and antitrust activism, is very troubling.
Biden Could Lower Prices by Ending Trump's Tariffs
President Biden is desperately looking for ways to address his inflation problem by lowering prices. Eliminating most or all of President Trump's tariffs would be a good start.
Expressing Concerns about S. 2992, the "American Innovation and Choice Online Act" to Senator Cruz
Senator Klobuchar’s bill is a very dangerous assault on the traditional consumer welfare standard the United States has wisely embraced during the past several decades.
Expressing Concerns about S. 2992, the "American Innovation and Choice Online Act"
Senator Klobuchar’s bill is a very dangerous assault on the traditional consumer welfare standard the United States has wisely embraced during the past several decades.
Mitch McConnell Should Win 2021's 'Politician of the Year'
McConnell got done what needed to be done—and with less drama than we’ve seen in the House. He limited the fiscal and political damage Biden’s agenda could have caused, and he bought some much-needed time on fighting Build Back Better.
Manchin's 'Intervention' May Have Saved the Democratic Party--For Now
Manchin demonstrated that a “moderate” Democrat can still make a difference and may have reduced the hit Democrats will likely take in the 2022 midterms.
Liberal Economists Got the Memo: Build Back Better Couldn't Possibly Worsen Inflation
Democrats are on a mission to dispel any notion that massive new government spending in their Build Back Better bill will let roaring inflation out of its decades-old cage.
Big CEOs for Big Government and Big Mandates
Bank of America's CEO wants the government to mandate green energy projects so big investors can pump in money and make out like bandits.
Biden's Policies Are Creating Jobs--For Robots
There has been a long-running concern that robots will eventually take the jobs humans could and wanted to do. It may turn out that in the Biden era, robots are simply taking the jobs humans choose not to take.
Takeaways from Giveaways
Democrats hope that their massive federal spending spree would buy them votes. But it looks like all they're buying is voter anger.