The REAL Reason for the Cost of Living Crisis
Discover the hidden force behind rising living costs in in the IEA’s new paper “Graphic Content: How Red Tape is Fueling the Cost of Living Crisis”. While inflation has surged by 80% since 2000, the prices of various goods and services have fluctuated. While some items like televisions and clothing have become more affordable due to innovation and competition, essentials like housing and childcare have skyrocketed.
The culprit? Excessive regulation and subsidies. Although well-intentioned, regulations often spiral out of control, driving up costs and stifling innovation. This disproportionately affects the most vulnerable households, exacerbating poverty and inequality.
From housing to energy, strict regulations have inflated prices and burdened consumers. It’s time to cut red tape and alleviate the strain on millions.
The culprit? Excessive regulation and subsidies. Although well-intentioned, regulations often spiral out of control, driving up costs and stifling innovation. This disproportionately affects the most vulnerable households, exacerbating poverty and inequality.
From housing to energy, strict regulations have inflated prices and burdened consumers. It’s time to cut red tape and alleviate the strain on millions.