An oxymoron is defined as a figure of speech in which apparently contradictory terms appear in conjunction. US #congress has introduced the Inflation Reduction Act of 2022 where they aim to reduce inflation by raising taxes and spending (basically) in energy security and climate change. Let’s recap where we are: the #fed is raising rates and trying to reduce its balance sheet, to kill demand by draining liquidity from the system and, at the same time, we may have a fiscal drag if the US government raises minimum corporate taxes to finance its green agenda, which some argue is inflationary by nature. Paraphrasing the old saying, it seems that Us government is trying to eliminate rabies, by killing the dog.
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