doodlesandyac t1_iu6xgdl wrote
Reply to comment by lostcattears in Japan unveils $200 billion in new spending to ease inflation pain by NBAtee
Are you kidding me? Covid caused one of the biggest drops in economic output we have ever experienced. Maybe you didn’t notice all the businesses closed?
And yeah people in the Biden administration like Larry Summers warned him about overshooting it and getting runaway inflation. He chose not to listen to them. The US isn’t alone here, most nations did exactly what we did to prevent a global depression
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