While much hand wringing and media attention has been focused on the negative aspects of the current bout of high inflation (much of it rightfully so), from a spirit of optimism, we’d like to take a few moments to focus on the positive aspects of higher inflation. Yes, from an economic and individual taxpayer perspective, there are a several benefits of increased inflation. Here are a few silver linings of higher inflation.
As of August 16th, President Joe Biden signed into law the Inflation Reduction Act (IRA) of 2022. This legislation is the culmination of months of negotiations between congressional democrats. The IRA is the largest-ever investment to tackle climate change, with roughly $370 billion dedicated to curbing harmful emissions and promoting green technology.
It seems like people are whispering about inflation everywhere you turn, and it’s for a good reason. Rising prices have the power to eat away at your purchasing power and erode the value of your assets. Read more