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The Inflation Reduction Act was not inflation-reducing because a capex boom temporarily raises prices.

Drawn from what Noah Smith said

inflation

What Noah Smith actually said

  1. Noah Smith Economics writer; author of the Noahpinion newsletter
    Note that this is also why the Inflation Reduction Act wasn't inflation-reducing. A capex boom temporarily raises prices.

Added to korrents 6 Oct 2026 · How quotes work · Something wrong? Tell us

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