The so-called "Inflation Reduction Act" is the Biden administration's attempt to reduce inflation... the problem is it has nothing to do with inflation.
Observation: Governments are excellent at branding spending projects and bills that expand their powers. The "Patriot Act", and the "No Child Left Behind Act" come to mind.
So what's included in the Inflation Reduction Act?
Here is a breakdown of the bill that was recently passed into law:
So as you can see, the bill has nothing to do with fighting inflation.
The real crime of inflation is that we, as Christians, are set up to fail when it comes to abiding by God's commands and basic finances. The Bible instructs us to save our money, but the system mankind has created punishes us for saving our funds.
The Biden administration ought to examine the principles of Sound Money and consider policies that would immediately reduce inflation. Policies such as...
Unfortunately, the federal government would rather find methods of masking the effects of inflation rather than examining the root cause.
Don't be fooled by the "Inflation Reduction Act."
Inflation is here to stay for now.