"Econ 102" with Noah Smith and Erik Torenberg cover image

Controlling US Inflation, Global Trade, and the Future of India and Japan

"Econ 102" with Noah Smith and Erik Torenberg

CHAPTER

Tackling Inflation: Strategies and Implications

This chapter examines potential actions President Biden could take to combat the inflation crisis, including tariff suspensions and tax law changes. The discussion highlights the relationship between inflation and national debt, the effects of the Inflation Reduction Act, and how demographics shifts in spending impact economic stability. It also addresses the implications of government subsidies on service industries, emphasizing the balance needed between demand and supply to manage rising costs.

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