I fail to see how this does anything to combat inflation. At best it may buy some votes and maybe help some families short term. I do not see how anything one

I fail to see how this does anything to combat inflation. At best it may buy some votes and maybe help some families short term. I do not see how anything one country does can combat world-wide inflation. There are too many Geo-political incidents popping off that are contributing to food shortages and rising energy costs. Do things get worse before they get better? Out of my own curiosity, does anyone buy into the "fourth turning" theories?