"The Inflation Reduction Act (IRA) likely had a minimal impact on causing inflation and might slightly reduce it in the long run, though its initial effects are debated, with some analyses suggesting it could slightly worsen inflation short-term due to spending before revenues kick in, while others find it's deficit-reducing and supports cleaner energy, which lowers costs . Most economists agree major drivers of recent inflation were supply chain issues, energy prices, and post-pandemic demand, not the IRA, and its modest fiscal impact means it wasn't a primary cause, though its long-term effects are uncertain and debated" Covid mainly caused inflation. And the U.S. actually weathered it better than most advanced economies. It was always known the affordable care act would have to be subsidized. Why? Because you have the highest risk people in the groups covered by ACA plans. Hell, it was a REPUBLICAN plan, to start with. The "Green New Deal" didn't soar gas and utility prices. What has driven up Natural gas prices is exports to Europe due to Russia attacking Ukraine. Also reduced oil drilling following Trumps previous energy boondogle. If you think Natural Gas prices and energy prices are high now, just wait a minute. Rig counts are down, oil prices are down. Exports are up. It's gonna get spicey in the energy markets. | 
Why do pessimistic pundits keep getting Trump’s economy so wrong?
