Rising cost of living disproportionately harms lower- and middle-income Americans.
Inflation
The vicious cycle of rising public debt, monetary inflation, and consumer price inflation is one of the greatest challenges of our time. Inflation primarily harms lower-income Americans, and we must protect Americans’ ability to place their savings in inflation-protected assets like bitcoin. Furthermore, we must reform financial regulations to ensure that lower- and middle-income Americans have access to basic financial services and the innovation economy.
All Inflation
Tentatively, the biggest winner from the IRS changes is low-income households
We may look back on the Inflation Reduction Act as a missed opportunity to make critical regulatory reforms that would ensure Americans have access to reliable, affordable, and clean energy.
Despite the recent surge in inflation, certain provisions in the TCJA have mitigated some of the inefficient and costly redistributive effects of inflation
New FREOPP Inflation Inequality Indices quantify why lower- and middle-income Americans are harmed more by rising prices.
Child care costs have risen by 41% since 2019, a problem that the Build Back Better plan would have worsened.
Today’s post-COVID environment bears an eerie resemblance to the economic shocks of the 1970s.