[KingOfCoders]

"Things were going downhill already long before"

Inflation in Germany stayed <5% since the beginning of the 90s, most of the time <2% for 30 years (should be even smaller because Germany doesn't use chained dollars), then spiked to 10% with the invasion of Ukraine.

So it's not clear what you have been referring to.

[rqtwteye]

I didn’t phrase this correctly. Things weren’t going downhill before the Ukraine war. But it was pretty clear that printing enormous amounts of money while running record deficits by governments couldn’t go on forever.