It is tempting, and perhaps correct, to be fatalistic about Donald Trump’s catastrophic reelection. The simplest, clearest explanation is that he did not win the presidency so much as Democrats lost it, and perhaps a long time ago.Across the globe, incumbent parties have been defeated thanks to outrage over high inflation. The Biden administration not only delivered rising wages and full employment; it was more successful at fighting rising prices than any other G-7 nation and perhaps any government in the world. It didn’t matter. Voters hated rising prices more than they liked President Joe Biden’s successful economic policies and responded the same way people have pretty much everywhere: b
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