Quoted from openparliament.ca on 2022-11-16
This act is aptly named because, contrary to what the leader of the official opposition believes, we do not opt out of inflation by investing in crypto, which of course has crashed by 61% this year. We opt out of inflation by reducing reliance on the roller coaster of fossil fuel prices. The IRA offers enormous financial supports for firms that locate their production in the United States and creates generous tax credits to industries like renewable energy development and hydrogen production, and incentives for North American-made electric vehicles to power the transition.