The current runaway inflation is not the same as the one of the Seventies, during the Carter's Administration. This time inflation is happening as a result of massive decisions of this Administration in their attempt to eliminate fossil fuel without renewable energy ready infrastructure.
That compounded with the Sanctions applied on the Russian economy as a result of the Ukraine's war. As a result Russia also applied sanctions on other countries and the outcome is grim.
Last, the USA support of the Ukraine with military equipments will not end these disaster quickly. US wants the war to continue for generation but that will continue the suffering of people in many countries. Just a thought.
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