By H. Sterling Burnett, Ph.D
The 2022 Inflation Reduction Act (IRA) was badly mistitled and intentionally so.
President Joe Biden and congressional Democrats took advantage of Americans’ desire for a response to high prices for food, fuel, and other basic consumer goods. The people of the United States wanted the government to reduce inflation, not understanding that inflation itself was the direct consequence of federal overspending and various federal and international policies hampering supply. When demand outpaces supply, and the Treasury floods the economy with more dollars, prices rise.
In truth, the IRA was a backdoor effort to impose the Green New Deal scam that Biden and company had tried and failed to pass through Congress previously. Biden promised an all-of-government approach to fighting climate change, and the IRA was the vehicle. It passed…
