Events Channel

Cost of living crisis: causes and solutions

Extract

In this video the IEA’s Senior Research Fellow Kristian Niemietz outlines a free market approach to the cost of living squeeze. Building on his research in ‘Redefining the Poverty Debate’, he argues that the costs of many essential items, such as housing, energy and childcare, are driven structurally higher by government interventions. He therefore proposes a range of policy measures on the supply-side of the economy to make the cost of these things more affordable, particularly for poor families.