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Excellent interview.

I would add that IMHO the official inflation statistics are manipulated to report lower than actual inflation. In particular the deflator they use because of better technology to hide actual price increases.

In addition, the use rent estimates instead of housing prices (we should probably use both). But Fed money printing has greatly inflated asset prices both in housing and the stock market.

That's fine if you already own them. But if you are trying to buy your first home, or invest in the market at a reasonable PE ratio it's not.

We should not be pretending that asset inflation isn't inflation, and just as bad as the other kind.

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Dr. Loury, I just watched your recent appearance with Khalil at a forum in Arizona. I was very frustrated at the end when the moderator allowed Khalil to filibuster on a question posed to you rather than respond to the question posed to him by the Mexican in the audience.

Did it get answered during the reception afterward? The question was: What do you say to me, a Mexican son of immigrants, for whom your message of systemic racism and white nationalism does not resonate?

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Glad to see Dr Kotlikoff again; your discussions with him are always fascinating

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Is this the full program at 9:38 or just an excerpt? If it's an excerpt, how does one access the full version?

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