Inflation has been destroying incumbent governments from the late Roman Empire through to the Democratic administration of Joe Biden and Kamala Harris in the US this week.
The inflated cost of living, along with resentment at high illegal immigration, has propelled the far right into governing coalitions across Europe and put them within reach of the French presidency in 2027.
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The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
