By Nathan Worcester News Analysis Although our legacy media have dutifully described the Chuck Schumer (D-N.Y.)/Joe Manchin (D-W.Va.) climate bill as the “Inflation Reduction Act,” it’s no stretch to call that a misnomer. After all, the nonpartisan Congressional Budget Office (CBO) said the legislation would have a “negligible effect on inflation.” Yet, even before the bill passed the Senate on Aug. 8, […]
Tag: Economic Depression
An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.
