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Benzinga
Benzinga
Business
josef Tětek

The "Inflation Reduction Act" Doesn't Address Inflation Causes At All - Opting Out To Bitcoin Is The Only Way

Does opting out of fiat by replacing it with Bitcoin offer a viable alternative?

The basics of the bill have already been covered here at Benzinga; the brief summary is that this is a $430 billion spending package, with most of the outlays aimed at addressing climate change and subsidizing renewables. A big part of the bill is also increased funding of the IRS: the agency that already has a $12 billion annual budget is earmarked for a further $80 billion.

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