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[–] 12 points 1 year ago (1 child)

Two things:

  1. Inflation happened all over the world after covid due to supply issues, when production had to resume when restrictions were lifted. US had one of the lowest inflation in Western world
  2. During first taco term there was a massive wealth transfer due to the tax bill. The corporate tax cuts were permanent, while cuts for us were expiring year over year, last one expires this year.
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