nflation Reduction Act: Another DC Lie

The Affordable Care Act, No Child Left Behind, and the USA PATRIOT Act received new competition for the title of Most Inappropriately Named Bill when Senate Democrats unveiled the Inflation Reduction Act

• The bill will not only increase inflation, it will also increase government spending and taxes.
• Inflation is the act of money creation by the Federal Reserve
• High prices are one adverse effect of inflation, along with bubbles and the bursting of bubbles
• One reason the Fed increases the money supply is to keep interest rates low is to enable the federal government to run large deficits without incurring unmanageable interest payments
• This bill authorizes spending hundreds of billions of dollars on energy and fighting climate change
• Government programs subsidizing certain industries take resources out of the hands of investors and entrepreneurs and give them to the government, where resources are allocated according to the agendas of politicians and bureaucrats
  1. Inflation Reduction Act: Another DC Lie – Ron Paul Increasing spending and taxes will increase the pressure on the Federal Reserve to keep interest rates low, thus increasing inflation.
  2. Increasing spending and taxes will increase the pressure on the Federal Reserve to keep interest rates low, thus increasing inflation.

https://www.newswars.com/inflation-reduction-act-another-dc-lie-ron-paul/