The Impact of Inflation on the U.S. Economy

Art of Discussing

In this episode, Ben and Kate discuss the economy, specifically what is happening with inflation and the impact of the Inflation Reduction Act.
Research/Resources:

• Senate-Passed Inflation Reduction Act: Estimates of Budgetary and Macroeconomic Effects by PWMB staff and written by Jon Huntley, John Ricco, and Alex Arnon and prepared for the website by Mariko Paulson. Published on Penn Wharton University of Pennsylvania Budget Model website August 11, 2022 and available on https://budgetmodel.wharton.upenn.edu/issues/2022/8/12/senate-passed-inflation-reduction-act
• When Is Inflation Good for the Economy? By Sean Ross, reviewed by Michael J Boyle and fact checked by Katrina Munichiello. Published in Investopedia website June 1, 2022 and available on https://www.investopedia.com/ask/answers/111414/how-can-inflation-be-good-economy.asp#:~:text=Benefits%20of%20Inflation,-When%20the%20economy&text=More%20dollars%20translates%20to%20more,production%20to%20meet%20that%20demand.&text=Inflation%20also%20makes%20it%20easier,than%20the%20money%20they%20borrowed
• US Economy Will ‘Narrowly Avoid’ Recession in 2022 and 2023, IMF Says by Reade Rickert and Eric Martin. Published in Bloomberg website June 24, 2022 and available on https://www.bloomberg.com/news/articles/2022-06-24/us-economy-to-narrowly-avoid-recession-in-2022-23-imf-says
• The Inflation Reduction Act is Now Law – Here’s What It Means For You by Kelly Anne Smith. Published in Forbes website August 23, 2022 and available on https://www.forbes.com/advisor/personal-finance/inflation-reduction-act/
• What could the Inflation Reduction Act mean for you? Yes, the Inflation Reduction Act might actually help you. By Ellen Ioanes. Published on Vox website August 16, 2022 and available on https://www.vox.com/2022/8/7/23295645/inflation-reduction-act-impact
• How Do Government’s Fight Inflation? By Leslie Kramer, reviewed by Robert C. Kelly and fact checked by Pete Rathburn. Published in Investopedia website September 22, 2022 and available on https://www.investopedia.com/ask/answers/111314/what-methods-can-government-use-control-inflation.asp
• US Inflation Will Guide Fed Readying Next Hike: Eco Week Ahead by Vince Golle. Published Bloomberg website September 10, 2022 and available on https://www.bloomberg.com/news/articles/2022-09-10/us-inflation-will-guide-fed-readying-next-hike-eco-week-ahead

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