The price of a gallon of gas is going up. Store shelves are empty. Consumers are waiting longer for merchandise to be shipped that they ordered online. Americans across the country are experiencing what inflation is like. The last time we went through a cycle like this was more than 40 years ago, when Jimmy Carter was president. …I discussed the inflation and supply chain issues confronting our country on a recent episode of my podcast, “Newt’s World.” My guest is Christine McDaniel, senior research fellow at the Mercatus Center at George Mason University and former deputy assistant secretary at the U.S. Treasury Department. McDaniel breaks down what’s causing the current supply chain crisis—labor shortages and a misalignment of supply and demand—and the best way to tackle inflation….
