The White House will sign a reduction of inflation bills American economist: not great inhibitory inflation

Overseas Network, August 15th. According to the Associated Press reported on the 13th, as the U.S. inflation rate soared to the highest level of 40 years, the US House of Representatives finally approved the "Reduction Act" on the 12th, and the bill will be sent to the White House to sign. However, economic analysis shows that the bill will not directly eliminate the main factors that lead to surge in prices.

The Budget Office of the Parliament No Party earlier concluded that the Act of Angle Blaom will only have a "trivial" in the United States' inflation today. The conclusion of the Budget model of the University of Pennsylvania's Wharton School of Business is that in the next 10 years, the bill "impact on inflation can be ignored in statistics."

The bill is estimated to reduce US $ 300 billion in US government deficits. American economist Douglas Holz Ekin said that in a $ 21 trillion economy economy, the next 10 years, the reduction of $ 30 billion per year will not have any inhibitory inflation, effect. Earlier, more than 200 economists jointly sent a letter to the U.S. Congress that the government expenditure plan of more than $ 400 billion will "immediately cause inflation pressure", and increasing taxes will restrict the supply chain and increase inflation. (Overseas Network Hou Xingchuan)

- END -