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One major factor was left out is that we are seeing global inflation . I saw it in the news that most countries are all competing for parts , products , food etc. Even nations that managed their rates better are seeing major issues . The glut of money was an issue sure, but the surging demand from nation that re-opened from covid lockdowns played a larger role . Add to this pandemic-related staffing issues and the intentional global oil supply problems and its a nightmare . I known the intention was to explain inflation but that doesn’t do justice to the current inflation on a global scale
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