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Liberal Cynic's avatar

Man, Biden's inflation really sucks for the British, French, Canadians, Brazilians, Australians, Indians and everyone else on the planet also experiencing inflation and high gas prices right now.

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Frank Lee's avatar

Nowhere near what we are experiencing in the US. And US policies that cause domenstic inflation impacts the inflation of these other countries.

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Liberal Cynic's avatar

K, serious reply: Inflation in Spain is running around the same as the US.

Inflation in the UK, Netherlands, Brazil, Russia and Turkey are all higher than the US.

How did the Biden Covid Relief bill and the Bipartisan Infrastructure bill cause runaway inflation in those other countries?

edit to add link: https://tradingeconomics.com/country-list/inflation-rate

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Frank Lee's avatar

I don't know where trading economics gets their data. However, like I said, some counties are so tied to the US economy that it is bringing them down with it. The inflation rate in the UK and Spain was already high before the pandemic. The Netherlands is a surprise.

The problem though with the US, if we were counting inflation like we had in the past, it would by over 14%. It is likely that US inflation is WAY understated by the Biden government while these other countries report it accurately.

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Liberal Cynic's avatar

I hear your keyboard click-clacking away but all I see is "Hurr durr de durr durr hurr!!1!11!"

Might want to get that checked out.

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