News Busters

Ditch Oil and Coal to Fix Inflation

Heritage Foundation economist E. J. Antoni quickly set a former Biden official straight after she tried to promote spending on green energy as a solution to economic woes.

During a July 12 segment on CNBC’s Squawk Box, Jennifer Harris, the director of the Hewlett Foundation’s Economy and Society Initiative, lauded massive government spending on “cleaner energy sources” as a potential cure for inflation. Notably, she previously served in the Biden Administration. Despite claiming her position was not for the government to “get woke on climate,” Harris said, “At least energy is—moving to a set of cleaner energy sources for the grid that, not for nothing, don’t have the kind of inflationary channels that oil and gas do. We had a moment in the [Inflation Reduction Act] and in the other public investments that we’ve had, to sever some of…

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