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Podcast: Faith and Economics
Episode: Inflation Reduction Act - Joke? | #198
Description: The Biden Administration has just approved the Inflation Reduction Act. This act supposedly aims to reduce the budget deficit while aiding our inflation issue. Unfortunately, most of the act is a spending bill, especially for energy, climate change, and the employment of an additional 87,000 IRA agents. We hope you enjoy this discussion on the problems with this new Act.Â
Timeline:
Monetary Policy Issues / 4:15
Increased Oversight! / 7:15
Climate & Energy / 13:30
Rules or Principles / 22:45
Tax De(In)crease? / 27:25
Environmental Judgement / 31:20
Cronyism and Rent-Seeking / 37:00