Why the Inflation Reduction Act will not reduce inflation: Former Trump economist

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Why the Inflation Reduction Act will not reduce inflation: Former Trump economist
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Former Trump economist Steve Moore and Fox News contributor Joe Concha sounded off on the Democrats’ spending and climate bill Wednesday on 'Hannity.'

is just a killer. It's what destroyed Jimmy Carter when he ran against Ronald Reagan and lost, what, 45 states or something like that.

So – but the important thing for people to understand is the reason it's a lie that this bill is going to reduce inflation is because what caused the inflation in the first place, Sean, was that $3 trillion the Democrats spent and borrowed last year. That's what lit the forest fire. And this year already when you include this bill, plus that $200 billion corporate welfare bill they passed a few weeks ago, that's another trillion.

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