The current inflation is a product of imbalance of supply and demand - there's an oversupply of money and there is an undersupply of fossil fuels.
Ways to reduce money supply:
- raise interest rates to discourage borrowing and econourage saving
- increase reserve requirements for banks
- deleverage (pay down debt)
- decrease Government spending
Ways to increase fossil fuel supply:
- allow more exploration, drilling and development
- approve energy refining and transportation projects
Further balance could also be achieved by reducing demand via improved efficiencies, technological advances, and energy diversification.
Dems, stop wasting time trying to sell us on the failed policies of the 1970s.
