"In real terms, demand hasn't increased a significant amount - it is that supply has decreased dramatically (which is evident in the inventory levels), that is driving shortages and also inflation.
Biden's policies have created an illusion of demand when it is really a shortage of supply - caused by government policies.
Those policies have dumped money into our national economy, that due to shortages, can't find a place to go.
Too much money chasing too few goods creates inflation."
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