RYAN: GROWTH VS. SHARED SCARCITY
Paul Ryan delivered a strong degense of pro-growth economics in Chicago yesterday. You can watch the full speech and Q&A here. He follows up his Chicago speech with this op-ed in Investors Business Daily.
Past periods of American prosperity were no accident: They resulted from adhering to the foundations of economic growth:
1. We have to stop spending money we don't have, and address the structural drivers of our debt.
2. We have to restore common sense to the regulatory environment, so that regulations are fair, transparent and predictable.
3. We have to keep tax rates low and predictable, so that job creators have incentives to invest in America.
4. We have to refocus the Fed on price stability, instead of using monetary stimulus to bail out Washington's failures. Businesses and families need sound money.