Inflation relief payments
Inflation relief payments
- October 7, 2022
- Eric Swanson, economics, NBC News, Oct. 7, 2022 (Video)
-----
“It’s money back in Californian’s pockets so that’s a good thing. You could argue that maybe it’s not being targeted very well, that if gas prices are one of the major expenses that are hitting people really hard, you might want to cut the gas tax,” said Eric Swanson, UCI professor of economics. Critics of the stimulus check plan agree. Another big question is whether the money will fuel inflation even more. “Remember, these are one time payments so it’s not going to be doing anything major to inflation over the next several months … it’s not a huge driver of inflation,” said Swanson.
For the full story, please visit https://mms.tveyes.com/MediaCenterPlayer.aspx?u=aHR0cDovL21lZGlhY2VudGVyLnR2ZXllcy5jb20vZG93bmxvYWRnYXRld2F5LmFzcHg%2FVXNlcklEPTEwNjY2ODEmTURJRD0xODE3NjUyOSZNRFNlZWQ9NDU4NiZUeXBlPU1lZGlh.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightRising costs and affordability are top concerns for voters this primary election
- Careet RightGrading Fed communications: A 2026 survey of Fed watchers
- Careet RightWhat would the stock market and economy look like without AI?
- Careet RightEconomics of Anteater life
- Careet RightOpinion: How long can the BOJ get away with rate shocks?