Has the “inflation reduction act” kicked in?
Very little if any money from the IRA has been spent, if any. It’s been law for a month. Like most spending bills, spending occurs over years, not one lump sum. Only an economic mental midget would ever think that government can quickly spend the economy out of inflation. The realistic way to look at how government spending is to look at the accumulated spending going back several years. Spending exploded with the start of the ChiCom Plague, but not just with COVID relief bills.
Im sure Biden and his band of communists will say it has based on the data above.