The only way for this madness to end is for us to drastically cut government spending and quit printing money. Getting out of the mess we’ve gotten in is going to be hard. Demand for goods has been artificially high, fueled by rising consumer debt, which we’ve been provided by the Fed creating more dollars. These extra dollars, combined with government regulations on production of ethanol, is causing inflation here and around the world.
But no one wants to do anything about it. We’d rather talk about universal health care or more defense funding. Even though they might not be an option for anyone in the future.