further back with your crystal ball? Try 1932 Germany. Their government was printing money at such a fast pace, and it was backed by nothing, that it took a grocery bag full of marks to purchase a loaf of bread.
No Republians Then.
When Government spends more than it earns, it borrows to make up the difference. Inflation sets in.
The problem is not the supply of gasoline; there's plenty.
The problem is the declining value of the dollar in the world market. The dollar is worth less; the cost of goods increases.
End of Today's Lesson
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