12 Aug 2022 | Abstracted from Vox
"...fossil fuels were a major cause of every period of inflation since World War II...Higher oil and gas prices are responsible for about 40 percent of the price increases across the economy."Inflation isn't just an issue in the US or because of federal spending in the pandemic. It's doubled in the last year in 37 advanced economies.
IRA "could reduce the typical American household's spending on energy by more than $300 each year..."
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