There's Nothing Legacy-Defining About the Inflation Reduction Act
Plus: The editors consider the state of freedom in the U.S. compared with other developed nations.
In this week's The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Peter Suderman, and Nick Gillespie take further issue with provisions in the Inflation Reduction Act.
1:43: IRS expansion
10:04: The insulin controversy
25:17: Weekly Listener Question:
I would like to ask you about the state of freedom in the U.S.A. and the state of the U.S.A. in comparison to other developed/industrialized nations. America seems to be significantly less free than the other countries in, for example, mass incarceration, excessive punitive punishments, criminalization of drugs, excessive power concentrated in the executive or the presidency, a militarized police, the prosecution of Assange and Snowden, and, of course, the death penalty. What are your thoughts on that? And, in general, America seems to do less well than the rest of the developed nations when it comes to higher prices of health care, higher prices of high education, higher homicide rates, etc. I understand that those problems are the consequence of flawed and excessive intervention in free markets, but how would you respond to an average (nonlibertarian) person who points out those problems and, specially, someone who blames those problems on the lack of a welfare state?
47:11: Potential takeaways from last week's elections
Mentioned in this podcast:
"Senate Passes $740 Billion 'Inflation Reduction Act' That Will Probably Make Inflation Worse," by Elizabeth Nolan Brown
"Biden's Giveaways Largely Benefit Well-Off Americans," by Peter Suderman
"The Defeat of a Kansas Ballot Initiative Shows That Red-State Voters Don't Necessarily Favor Abortion Bans," by Jacob Sullum
"The Democrats' New Inflation Bill Includes Tax Credits for Electric Vehicles That Don't Exist," by Joe Lancaster
"The Democratic Establishment Teamed Up With Trump To Oust Peter Meijer," by Eric Boehm
Send your questions to roundtable@reason.com. Be sure to include your social media handle and the correct pronunciation of your name.
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Assistant production by Hunt Beaty
Music: "Angeline," by The Brothers Steve
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If your legacy is going to be “I poured gasoline on the inflation fire” then yes, it’s legacy defining.
Amen, and don’t forget the deep recession the tax increases will drive us into.
Brandon’s legacy is racist plagiarist thugocrat. lucky for him the crack whore vids belong to Pliny the Younger
I think History will treat Biden better than Woodrow Wilson, only because Biden is not explicitly racist. But maybe not; the modern world has a lot more scope for scare mongering, and Biden has hit them all.
I would say there is a lot legacy defining about the inflation reduction act. It is going to make inflation worse and amounts to nothing but a pay off to various Democratic cronies and the brain dead left. It is a pile of corruption, incompetence, and intentional infliction of economic misery on the nation. That is Biden’s legacy. No law could sum up his legacy better than that without including money for Hunter’s hookers and meth addiction.
Whip Inflation Now!
Biden’s failure is that he isn’t asking Americans to where W.I.N. buttons. Seriously, that was Ford’s solution, and it got inflation under control… two administrations later. (Technically it ended before Reagan took office, but whatever).
If brandybuck wasn’t such a low IQ moron, brandybuck wouldn’t be able tolerate itself
The main problem that Biden & the Clown Show have is that all their ‘ideas’ make things worse for Americans. The midterms better have some super fortification.
Fuck the editors. They wanted this.
Biden and the Democrats Policies:
The New Black Economy Deal
The American Destruction Plan
The Additional Inflation Act
Soon to add student debt payoffs. On top of the $5 trillion Covid relief bill, our Government will have printed $9-$10 trillion dollars in about two and one half years. No wonder we have massive inflation. Now with interest rate raises and increased taxes we are doomed. Will Reason discuss this? No, they are Biden apologizers.