Nick Begich Opposed The Inflation Reduction Act And Said The U.S. Could Get Through High Inflation By Embracing Sound Money And Restricting The Ability To Print Money

Begich Opposed The Inflation Reduction Act. Moderator: “Do you support the passage of the Inflation Reduction Act, August of 2022?” In response, Begich held up a sign reading, “No.” [YouTube, Anchorage Daily News, [24:34], 8/31/22] (VIDEO)

Begich Said The U.S. Could Get Through High Inflation By Embracing Sound Money And Restricting The Ability To Print Money. BEGICH: “If we have to go through a situation where the dollar loses its reserve currency status, we see inflation, you know, run even higher than it has in the last few years, those will obviously be bad outcomes but we can get out of that situation long term by making better political decisions, adopting a sounder fiscal and monetary policy, embracing sound money, and restricting our own ability to attempt to print our way out of situations.” [YouTube, Michael Dukes Show, 1:40:54-1:41:26, 8/5/24] (VIDEO)

Begich Would Strengthen The US Economy If Elected By Telling The Federal Reserve To Stop “Money Printing” And Cut Down On “Wasteful Spending”. “Inflation’s root cause can be traced directly to an unprecedented level of economic stimulus and wasteful spending introduced by the Congress, exacerbated by an overly accommodative Federal Reserve which purchased newly issued debt by increasing the money supply (i.e. ”money printing”). Economic strength is not driven by loose fiscal and monetary policy, rather it is driven by fundamental factors of labor force participation, productivity, smart investment, innovation, and comparative advantage. In this respect, Alaska’s resources have the potential to play a critical role. Failing to develop these resources leaves the nation’s future to the whims of rivals and adversaries. We must pursue an all-of-the-above development strategy for Alaskan resources as a basis for restoring domestic, vertically-integrated supply chains that will drive U.S. manufacturing, enhance job creation, and deliver generational prosperity. To do this, we must make an articulate and persuasive case for Alaska.” [Alaska Public Media, 8/10/22]