Quote (SBD @ 13 Nov 2023 19:34)
Well, if we're actually being honest isn't nearly every first world country around the entier globe experiencing record inflation through those years with the exception of a very select few.
Regardless of country or leader chances are at this moment you would be facing high inflationary years through that period.
Quote (SBD @ 13 Nov 2023 19:47)
While there's some obvious impact from the US dollar it's not the primary cause of the rest of the world's inflation. Almost every first world country engaged in fiscal responses during COVID, you may agree or disagree with the responses but the majority of them can be better correlated with the rise in inflation.
I'm not here to say Biden good Trump bad, the fact is regardless of leadership there would have been fiscal responses that lead to inflation.
Well, the inflation rate in January 2022 stood at 5.1% in both the eurozone and Canada, 0.5% in Japan, 3.6% in South Korea and 3.5% in Australia.... but 7.5% in the United States. (I'm choosing January 2022 as the reference point because it's the last month before the war in Ukraine broke out, causing turmoil on the global energy markets which hit some countries far more than others.)
So it seems fair to me to argue that the overstimulus by the US government is indeed responsible for a sizable chunk of the inflation that Americans have suffered since 2021.
This post was edited by Black XistenZ on Nov 14 2023 11:03am