who knows. economists have a perfect track record on predicting recessions which we have never been right. it is basically a solved problem. laura: all solved like the border is all solved, right? look it, on this one, there s a bigger disagreement. look, inflation has come down, in recent months. there s no question about that. but the trouble is over the last three years the cpi has gone up by 17%. here s the issue. politically and economically, we have an affordability crisis because wages have only gone up by 14%. so, real wages, worker wages, middle class wages, after inflation have come down by 3%. here s another way of looking at it. average weekly earnings okay was $399 when joe biden took office. and the most recent number is
2024? nodes. economists have a perfect track record on predicting which is we have never been right. inflation basically a solved problem. laura: it is all solved, larry, just like the borders almost solved. look come on this one, there is a bigger disagreement. look, inflation has come down in recent months. there is no question about that. about the trouble is over the last three years, the cpi has gone up by 17%. here is the issue: politically and economically, we have an affordability crisis because wages have only gone up by 14%. so, real wages, worker wages, no class which is after inflation have come down by 3%. here is another of looking at it, average weekly earnings $99 when joe biden took office.