\nThe Inflation Reduction Act of 2022, to me, seemed rather difficult to connect with the goal of reducing inflation. In fact, it was perhaps much more interesting.<\/p>\n
\nThe Inflation Reduction Act of 2022 included incentives for investment in green energy capability and supply chains within America. Some people saw it as the opposite of globalization, as it aimed to stage production specifically within the United States rather than let the market decide its optimal location.<\/p>\n
\nJohn Podesta would go on to oversee the results of the Inflation Reduction Act’s green energy investment program. Interestingly, he opined that said investment towards green energy, in the US, would bring down the costs of converting to green energy worldwide. The concept seems to be that the new green technologies being established in the US could then be imported by other countries.<\/p>\n
\nFrom that point of view, perhaps the Inflation Reduction Act of 2022 incorporated the kind of leadership governments often wish for from the US.<\/p>\n
Interesting, eh?<\/p>\n
\nSource:<\/p>\n
energy.gov<\/a><\/p>\n Financial Times [YouTube]<\/a><\/p>\nJack of Oracle Tutoring by Jack and Diane,<\/a> Campbell River, BC.\n","protected":false},"excerpt":{"rendered":" Self-tutoring about US politics: the tutor begins about the Inflation Reduction Act. The Inflation Reduction Act of 2022, to me, seemed rather difficult to connect with the goal of reducing inflation. In fact, it was perhaps much more interesting. The …<\/p>\n