Kyrsten Sinema willing, Democrats appear to be on the verge of passing the Inflation Reduction Act — a bill that probably would, indeed, reduce inflation but is mainly a desperately needed effort to limit climate change. Republicans are, of course, attacking the legislation.

But when I look at the substance of those attacks, such as it is, I can’t help feeling more cheerful than I have in months.

For one thing, the debate over the proposal feels like a return to a more innocent time, when Republicans tried to make their case with dishonest claims about economic policy — not insane conspiracy theories and attempts to overthrow democracy.

For another, the G.O.P. critique of the bill is extraordinarily weak. And that’s a good omen for Democrats’ new approach to climate policy — one that relies mainly on carrots rather than sticks, on incentives to do the right thing rather than penalties for doing

Keep reading this article on Paul Krugman - Column New York Times.

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