July 29, 2022

INFLATION REDUCTION ACT - Nope


What do you think happens when you increase the costs (taxes) of companies. They do a combination of three things. 
1. They increase their prices(inflationary);
2. They reduce their costs (your wages) and investment(lowers demand for workers); and/or,
3. Shareholders make less(reduces investment hurting economy).

PWBM estimates that the Inflation Reduction Act impact on inflation is statistically indistinguishable from zero.

https://budgetmodel.wharton.upenn.edu/issues/2022/7/29/inflation-reduction-act-preliminary-estimates

No comments:

Post a Comment

Ineffectual

US President Joe Biden told Prime Minister Benjamin Netanyahu that  the US will not aid any Israeli counterattack on Iran , US media report,...