Tomas Philipson, former Acting Chairman of the White House Council of Economic Advisors under the Trump Administration, discusses the causes of the "cost of living crisis" and why consumers are "getting squeezed".

*This video was recorded on June 13, 2024

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0:00 Intro
0:30 Cost of living crisis
3:28 Inflation Reduction Act
4:42 Inflation components
7:00 Housing affordability
8:00 Debt
10:07 Recession outlook
11:10 Improving real wages

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