Happy Birthday, Inflation Reduction Act!
It feels a bit like Groundhog Day in Washington at the moment. Returning after a week’s vacation, I plugged back in this morning to discover that Donald Trump is bracing for another indictment, this time for his post-election antics in Georgia; that none of his Republican rivals show any sign of making a dent in his primary lead; that Hunter Biden’s misdeeds continue to dog the president; and that Team Biden is gearing up for yet another week trying to win America over on “Bidenomics.”The excuse for Biden’s latest bit of economic salesmanship is the one-year anniversary of the Inflation Reduction Act. This means we will be treated to tired catchphrases that refuse to catch on, such as “grow the economy from the middle out and the bottom up, not the top down.