The Inflation Reduction Act: What it Actually will do and Why.

By Stratton J. Davis

Today, a proposed bill which came about through an agreement reached by Democratic senators Joe Manchin and Chuck Schumer was passed by the Senate, a bill which is deceptively titled the “Inflation Reduction Act.” What it actually is is a $280 billion chips and science bill, which has a significant focus on climate change initiatives that the Democrats have been fighting for. 

So what does that mean in regards to the effect this bill will actually have on inflation? An ...