Inflation Reduction Actually
It's called the Inflation Reduction Act, but there's a lot going on under the surface.
President Joe Biden's newly signed landmark law will cut spending on prescription drugs, supercharge the IRS to go after tax evaders, and most of all: It will pay for one of the most expensive and ambitious climate change agendas that Congress has ever approved.
All under the guise of "inflation reduction."
So ... does anything in this bill actually fight inflation? In this episode, we break it down. And learn how to sniff out inflationary (or disinflationary) pressures, wherever they may lurk.
This episode was produced by Willa Rubin, edited by Molly Messick and engineered by Gilly Moon.
Music: Fruit Salad, Reverend & Up All Night
Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney
Always free at these links: Apple Podcasts, Spotify, Google Podcasts, NPR One or anywhere you get podcasts
Find more Planet Money: Twitter / Facebook / Instagram / TikTok our weekly Newsletter