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Inflation Reduction Act Causing Inflation

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Inflation Reduction Act Causing Inflation
Senate Majority Leader Chuck Schumer (D-N.Y.) speaks during a news conference about the Inflation Reduction Act outside the U.S. Capitol in Washington on Aug. 4, 2022. Drew Angerer/Getty Images
Antonio Graceffo
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Commentary

An additional $700 billion in government spending tied to the Inflation Reduction Act will make inflation worse, not better.

Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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