On today’s show we’re talking about the new Inflation Reduction Act just passed by the US Senate and sent to the Congress for a vote. Anytime a piece of legislation comprising nearly $1/2T of new spending is tabled, I think it is worth spending at least five minutes on a podcast to analyze it.
The first thing you notice when you read the 755 page document, is that it has almost nothing to do with inflation. In fact, out of the 755 pages, the word inflation only appears 35 times in the entire document.
Host: Victor Menasce