The Potential Effects of Biden’s Infrastructure Bill on the American Economy

Victor Kilanko

Abstract

With the world still battling COVID-19 and the attendant effect on the economy, the almost new President Biden’s administration proposed the Build Back Better agenda to get America and Americans working again. This paper is written to address the effect of the proposed infrastructure bill on the American economy. Comparison is drawn between the infrastructure bill and Franklin D. Roosevelt’s new deal before World War II. It is understood that the bill may increase inflation because of the effect of expected inflation, but the bill may also increase aggregate demand and aggregate supply which will be of overall net benefit to the economy.

Keywords:

Build Back Better; Biden Administration Infrastructure Bill; American Economy; New Deal

Cite This Article

Kilanko, V. (2021). The Potential Effects of Biden’s Infrastructure Bill on the American Economy. International Journal of Scientific Advances (IJSCIA), Volume 2| Issue 5: Sep-Oct 2021, Pages 688-691 , URL: https://www.ijscia.com/wp-content/uploads/2021/09/Volume2-Issue5-Sep-Oct-No.149-688-691.pdf

Volume 2 | Issue 5: Sep-Oct 2021