And so your basic premise is right, that unfettered government spending does cause a problem. It does lead to inflation, because then you have too many dollars chasing too few goods and services. The Inflation Reduction act that the Democrats passed is at least neutral or maybe a bit favorable to the consumer and that it kept some prices. But the good thing about the Inflation Reduction act and the Chips act is that if you are spending money to produce products, to like bring chips home and have them produced here, the more you produce products, the more control you have over inflation. (10:23–10:36)
CLAIM
Asserts that the Inflation Reduction Act is neutral or favorable to consumers regarding prices.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
