

Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.
发自纽约—美国参议院民主党人的妥协性法案——即2022年《通货膨胀削减法案》——不仅应对了通胀,还解决了美国经济和社会长期存在几个关键性问题。
人们围绕当今通胀的成因展开了激烈辩论;但无论站在哪一边,这个法案都代表了一种进步:那些担心需求过度的人收获了超过3000亿美元的赤字削减,而在供给方面该法案将调动3690亿美元投资用于能源安全和脱碳。这将有助于降低能源成本(这是当前价格增长的主要驱动力之一)并使美国回归在2030年将其二氧化碳排放量(相对2005年水平)减少约40%的轨道。
这些投资将产生深远的回报。相对于当前的通胀,气候事件(山火、飓风、龙卷风和洪水)的成本更能拉低我们的生活水平,同时这些成本将不成比例地落在低收入家庭、有色人种和子孙后代身上,而且远远大于赤字的成本,也更难纠正。
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