The misunderstood Inflation Reduction Act

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 18 August 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Inflation Reduction Act is the beating heart of the president’s new “Bidenomics” slogan. The trouble is, many Americans don’t know what’s in the gargantuan piece of legislation. We’ll hear what President Joe Biden had to say on the law’s one-year anniversary and explain why he is struggling to get credit for the strong economy. And, we’ll get into how the new culture of remote work is shifting the purpose of downtowns. Plus, we’ll play a round of Name That Tune, economic anthem-style.

Here’s everything we talked about today:

- “Biden touts Inflation Reduction Act on first anniversary” from Reuters

- “Biden’s approval rating on the economy stagnates, AP-NORC poll shows” from AP News

- “San Francisco struggles with downtown recovery” from Marketplace

- “New York Plans to Open Parts of Midtown Manhattan to Housing” from The New York Times

- “Janet Yellen explains her ‘magic mushroom’ experience in China” from CNN Business

- “The economic anthem of the moment depends on how you read the data” from Marketplace

- “Marketplace: Your Economic Anthems” on Spotify

Join us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks, a game and more.

Transcript

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0:00.0	Getting money from clients can feel I'm trying to wrestle honey from a grisly bear.
0:04.2	That hasn't eaten in days.
0:06.4	While an emorous skunk clings to your leg.
0:08.5	Not now, scusky.
0:09.6	But with zero online invoice payments through Stripe & Go Cardless,
0:12.5	you can give customers more ways to pay and keep your cash flow flowing.
0:16.7	Soon, rather than wrestling a grisly bear,
0:18.8	it feels more like you're cuddling a koala bear.
0:21.9	On a really soft sofa, while watching a favourite soap.
0:24.8	Oh God, believe she was his mother.
0:27.4	The healthy business, so do you see her, I'm with an X.
0:36.7	Hey everybody, I'm Kai.
0:37.6	Rizdo, welcome back to Make Me Smart.
0:39.3	Where we try, anyway, to make the day make sense.
0:43.0	I'm Novosafo in for Kimberly Adams.
0:45.2	Thanks everybody for joining us today.
0:46.8	It's August 17, Thursday.
0:48.8	Or as we like to call it on the marketplace morning report team.
0:52.8	Friday, Jr.
0:54.7	Friday, Jr.
0:55.5	You know, I loved it.
0:56.4	Well, so when I was on the morning show,
	...

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