‘Inflation Reduction Act’ Would Leave Americans Poor, Oppressed, Sick, and Dead
5th August 2022
The Penn Wharton Budget Model politely mocks its Democratic inflation-reduction claims. “The Act would very slightly increase inflation until 2024 and decrease inflation thereafter,” University of Pennsylvania economists reckon. “These point estimates are statistically indistinguishable from zero, thereby indicating low confidence that the legislation will have any impact on inflation.”
The Inflation Reduction Act would fight inflation through higher government spending. That’s like battling alcoholism with just one more round of drinks.