The only thing I'd love to add is that, if we did in fact pay for this with an excess profit tax or windfall profit tax, as Mr. Cochrane suggested, the net benefit, in terms of tackling inflation, would actually be positive. It would actually help with lowering prices, and there's a lovely symmetry to bringing in a windfall profit tax like that to pay for a program like this.
On October 1st, 2024. See this statement in context.