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Re:Former President Trump is projected to win the presidency by Izikiel43 on Wednesday November 06, 2024 @03:35PM (#42068929)
> it was a worldwide phenomenon

Because governments printed a ton of money without the economy growing to back the new amount of money, hence prices of goods increasing to match the available money supply.

Re:Former President Trump is projected to win the presidency by ethbr1 on Wednesday November 06, 2024 @04:21PM (#42069598)
One could also argue it was also in indebted government's best interests, as in the intermediate term it effectively decreased their debt loan (by devaluing the actual dollars it's denominated in).