# Multimedia 

Multimedia 

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Cato Weekly Podcast • August 25, 2022 

# The Inflation Reduction Act Won’t Quell Inflation, but It Will Boost Debt 

The Inflation Reduction Act has a lot of new spending in it. Big spending rarely does much to reduce inflation, but it does increase debt. And the U.S. is already saddled with massive debt. Romina Boccia explains.

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

[![Romina-Boccia-cropped2.jpg](/sites/cato.org/files/styles/author_picture/public/2022-09/Romina-Boccia-cropped2.jpg?itok=7drYb2ok)](/people/romina-boccia) 

##### [Romina Boccia](/people/romina-boccia)

Director of Budget and Entitlement Policy, Cato Institute

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](https://x.com/RominaBoccia) 

[![Square face shot of Caleb O. Brown.](/sites/cato.org/files/styles/author_picture/public/2021-01/cbrown_sq.jpg?itok=zSWLm8kR)](/people/caleb-o-brown) 

##### [Caleb O. Brown](/people/caleb-o-brown)

Former Director of Multimedia, Host and Executive Producer, *Cato Daily Podcast*, Cato Institute