Episode 0119 - Will the Inflation Reduction Act Lower Inflation?
The US Congress has a history of passing laws that do just the opposite of the namesake of the bill being passed. The Inflation Reduction Act follows in the same tradition. It will do nothing to lower inflation, but it will be a huge giveaway to the politically connected, and empower the worst parts of the permanent bureaucracy! The number of IRS armed collections agents will more than double and the EPA will get a more than 4-fold increase in its budget to incorporate equity and environmental justice into its already oppressive work product. Join me today as we comment on Tucker Carlson's deep dive into the contents of this bill and speculate on the far-reaching impacts it will have on the economy and the American people.
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