Recommendations for the next administration and the 119th Congress
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
Pacific states have experienced the highest inflation, while the Plains states have experienced the lowest.
Rising cost of living disproportionately harms lower- and middle-income Americans.
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.
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.