Washington’s Flawed New Law

Washington’s Flawed New Law
President Joe Biden signs the Inflation Reduction Act as Democrat lawmakers look on at the White House on Aug. 16, 2022. Drew Angerer/Getty Images
Milton Ezrati
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Editor’s note: This is the first in a three-part series. Each part looks at a different part of the new Inflation Reduction Act. This first article offers a general assessment of the law followed by a more detailed summary of its green initiatives. The second part of this series will deal with the revenue enhancers in the law. The third part will take up the implications of its health care rules.  
Commentary
Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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