The Genesis of Long-term Structural Inflation in Anglosphere Capitalist Nations

This analysis posits that inflation has transitioned into a permanent structural phenomenon within Western capitalist economies. The prevailing democratic electoral systems compel politicians to secure votes through fiscal expansion or tax reductions, creating a systemic dependency on debt accumulation that directly drives monetary expansion.

Faced with labor shortages induced by demographic aging, these governments frequently resort to large-scale immigration to sustain economic vitality. However, while immigration supplements the labor force, it simultaneously catalyzes immense demand in consumption and housing. In contrast to the Japanese deflationary model, nations suc ...