EconomicsVideo

The Inflation Reduction Act: Is History Repeating Itself?

“It’s crazy to think that when people are starving, we should be destroying food, that we should be killing livestock and just throwing it away; it’s crazy to think that that’s going to make people better off. A lot of the New Deal programs were just completely outrageous not only from an economic standpoint, but from a regular, human, well-being standpoint.

It’s one of the reasons AIER was founded. We were founded in 1933 as a backlash to the New Deal, and the progressive ideas of that time.

The people in charge of the government thought that they knew what was best for everyone, but they were wrong. And I think a lot of them still believe that today, and we are going to push back against those ideas.” – Thomas Hogan

Full Video Podcast: Is The Inflation Reduction Act Basically The Green New Deal? https://youtu.be/ZiD-VdYPmEA

On this episode of Liberty Curious, Thomas Hogan sat down with Kate Wand to discuss the inflation reduction act, and it’s similarities to the Green New Deal, as well as the New Deal under FDR in 1933 — a historical turning point that changed the course of the US economy, monetary systems, and the role of government to this day.

Thomas is senior research faculty at AIER, formerly the chief economist for the U.S. Senate Committee on Banking, Housing and Urban Affairs.

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The American Institute for Economic Research (AIER) educates people on the value of personal freedom, free enterprise, property rights, limited government and sound money.

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