This is not fallout from Covid.
It is fallout from ignorance of economics. The American Rescue Plan and Inflation Reduction act are Misinformation.
They caused Inflation. In addition, Biden’s war on fossil fuel made it possible for Putin to finance his war. Putin invaded Ukraine under Obama and Biden. He didn’t under Trump because Trump kept the price of fossil fuel to cheap.
Covid has nothing to do with stupidity of Biden advisors and Biden.
This was a global response along the same lines, and globally destructive. To varying degrees of course.
The US government was not the only culprit, but many other countries did take their cues from the US CDC.