The Inflation Reduction Act is a ‘tax-and-spend package’; it won’t work, invest in these real assets

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With inflation at 8.5 percent in July, down from 9.1 percent in June, is rising cost of living starting to cool off, or is this simply a temporary reprieve? Joining us to talk about these as well as various other problems are Phil Magness, Study and Education Supervisor at the American Institute for Economic Research Study, and Michael Ashton, Taking Care Of Principal at Enduring Investments LLC. They spoke to Michelle Makori, Editor-in-Chief as well as Lead Anchor at Kitco Information.

Adhere To Michelle Makori on Twitter: @MichelleMakori ()
Comply With Kitco Information on Twitter: @KitcoNewsNOW ()
Follow Phil Magness on Twitter: @PhilWMagness ()
Adhere To Michael Ashton on Twitter: @inflation_guy ()

0:00 – Has inflation actually peaked?
4:39 – Biden's '0% rising cost of living' claim
8:08 – Macroeconomic overview
16:14 – Tax cuts and also inflation
17:19 – Inflation Reduction Act
20:08 – Investment ramifications

#inflation #biden #investing
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