Inflation & the Cost of Living Crisis: Who Pays, Who’s Protected?

Inflation & the cost of living crisis are not just numbers on a chart, they are political choices about who gets squeezed and who is protected.In this SAPE lecture, economists Paulo dos Santos (The New School for Social Research) and Ramaa Vasudevan (Colorado State University) unpack today’s inflation as a social and political phenomenon. They trace how supply shocks, corporate profits, and central bank decisions turn wages, debt, and rising prices into a cost of living crisis and what a fairer response could look like.

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