The Inflation Reduction Act is Not Designed to Reduce Inflation

As the midterms approach, the Biden administration is looking to pass some part of its Build Back Better plan. Biden managed to fund $550 billion in new traditional infrastructure spending. But the American Society of Civil Engineers argues that we have an infrastructure funding gap of $2.59 trillion. The bipartisan infrastructure bill barely makes a dent in that. The rest of the administration’s proposals have continually run aground. Various senators threaten to withdraw their support all too quickly, and this has caused the administration to water down its proposals over and over again. Now there is a new version of the human infrastructure bill, called the Inflation Reduction Act. This bill claims to raise over $700 billion in new revenue in an effort to fight inflation, reduce the deficit, and fund new investments in energy. It sounds like a significant achievement, but it’s not. Here’s why.

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What it’s Like to See Bernie Sanders in 2021

On August 27th, Bernie Sanders decided to come to West Lafayette, Indiana, to do a town hall. Indiana is my home state. Bernie is 79. This could be the last time he visits, for all I know. My girlfriend is a few years younger than me. She’d never seen Bernie in person. We decided to drive down. Let me tell you the story.

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A Realistic Left-Wing Strategy for Red States

In recent years, the left has been excited about electoral breakthroughs in college towns and big cities. But these regions aren’t enough. To pass signature legislation like Medicare-For-All, the left must establish a Senate majority. This means that somehow, rural red states have to elect senators who are willing to get behind these proposals.

The left hates thinking about this problem, because it requires acknowledging the limitations of its existing approach. The strategy that seems to work well in New York and California has no traction at all in Middle America. Proponents of the coastal strategy love to daydream about circumventing the problem. They indulge in idle fantasies of abolishing the Senate and electoral college, they delude themselves about demographic shifts, and they mock red state voters for choosing their cultural values over their economic interests. Of course, they never consider making cultural concessions to red state voters because they themselves care more about progressive cultural commitments than securing economic rights. They have the same priorities they mock.

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Pete Buttigieg Governed South Bend Like a Republican

Have you ever lived in a place with a Republican mayor? I have. My hometown has been governed by a Republican mayor since 2004. Republicans have a simple strategy for running cities–they try to attract as many high-income residents as possible. This means doing everything you can to make the town pretty. It means offering investors all sorts of incentives to come to town. If you live in a town run by a Republican mayor and you’re doing well, it seems like the town is getting a lot better. It gets prettier. They built parks. You read in the local paper about new business coming to town. It all sounds great, and Republican mayors often get re-elected by large margins.

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