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.
Confused About President Biden's Policies? You're Not Alone
A stable economy needs stable policies. And businesses, consumers and regulators all need to know what those policies are. Unfortunately for the economy and the country, Biden’s policies keep shifting, depending on the latest crisis — and the latest polls.
Biden's Already Reducing Wealth Inequality--By Killing the Economy
Biden campaigned on reducing wealth inequality, and he’s certainly done that. Wealthy people with money in the stock market are likely worth a lot less today than at the beginning of the year.
Biden's Policies Have Me Soooo Confused
Biden's domestic policies are a hot mess of contradictions and confusion; here's just a few of them.
Clearing Up Media Confusion About the Fed's Interest Rate Increases
How will raising the fed funds rate affect average consumers?
Correcting Biden
In his State of the Union address, President Biden said the 2017 tax reform only benefited the top 1% of income earners. To put it bluntly, he lied.
Look, C'mon Folks: Joe Biden Doesn't Understand Inflation
There is no solution to inflation other than reining in loose money and enduring whatever temporary economic pain may result.
The State of the Union and the Allure of Price Controls
The left thinks it can plan and control human behavior and the economy, yet Biden's State of the Union address will likely reveal that the economy is not going as planned.
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.
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