This will not help inflation or US competitiveness
Biden Administration proposing to impose mandatory disclosure requirements concerning climate risks and greenhouse-gas emissions, saying it poses heightened legal liability, hefty costs and reporting burdens this part of Biden‘s green agenda that greatly increases costs today more than the benefits that will happen much later.
Biden Administration endorses a House bill that would add racial equity to the Fed’s dual mandate of price stability and full employment. Forcing equal outcomes instead of equal opportunity based on a false narrative of systemic racism being the primary cause of disparities will hurt not help.
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