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Inflation Topples Governments

High inflation and rising prices led to the downfall of Democratic Party and other governments worldwide.

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English

United States

PoliticsEconomyUs PoliticsElectionsInflationPublic Opinion

Democratic PartyEurasia GroupYale Budget LabLabor DepartmentTrump Administration

Kamala HarrisTheresa WolfeDonald TrumpJanet YellenBarack Obama

What were the intended and unintended consequences of the American Rescue Plan regarding the American economy?: While the American Rescue Plan aimed to stimulate the economy, many Americans felt the resulting inflation negated the positive effects of job growth and economic recovery.
How did economists misjudge the public sentiment concerning the economic performance of the Biden administration?: Economists have underestimated the public's prioritization of price stability over other economic indicators like GDP growth and unemployment, highlighting a disconnect between economic models and public perception.
Despite economic gains, why did many voters express dissatisfaction with the Biden administration and support Trump?: Despite the economic successes of the Biden administration, the high cost of living overshadowed these achievements in the eyes of many voters, leading them to support Trump in the midterms.
According to Maziar Minovi's research, how does inflation impact the likelihood of a ruling party's removal from power?: Maziar Minovi's research indicates that governments facing significant inflation are about twice as likely to be removed from power, regardless of their political affiliation.
What was the main factor contributing to the decline of support for the Democratic Party and other governments globally?: High inflation and rising prices were the primary reasons for the decline in support for the Democratic Party and other ruling parties worldwide.

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