On HillTV's
The Rising with Briahna Joy Gray and Robby Soave, Associate Professor of Economics Pavlina Tcherneva debates former Trump economic adviser Stephen Moore about whether the Inflation Reduction Act, which President Biden signed into law on August 16, will actually reduce inflation. Tcherneva says we are not going to see inflation go down overnight, however, she believes this bill steers us in the right direction. She emphasizes the significance of investments in green energy technologies in the United States while “including major components that are coveted by the conservatives,” such as “increasing energy production from the fossil fuel industry here in a very aggressive way.” She adds, “From the progressive point of view this was a Faustian bargain. We had to do some giveaways to the fossil fuel industry so that we could get this bill passed. But it does have some key components, some major investments in climate that we haven’t seen in decades.”
Post Date: 08-23-2022