The Inflation Reduction Act is a ‘tax-and-spend package’ that won’t reduce inflation; Investors should diversify into ‘real’ assets
As US inflation remains high at 8.5 percent in July, Phil Magness, Research and Education Director at the American Institute for Economic Research, called the Inflation Reduction Act “just a tax-and-spend package,” arguing it wouldn’t reduce inflation. “[The Inflation Reduction Act] is another exercise in Orwellian language,” said Magness. “They’re redefining terms… [it’s] just a … Read more