May 19, 2022
The way to attack inflation, "too much money chasing too few goods," is to either reduce money supply to meet the quantity of goods or increase the quantity of goods to meet the supply of money. Unfortunately Gov. Newsome, of California, heard God say BRAINS and thought he said RAINS and headed for the shelter. He is increasing money with decreasing goods. A sure recipe for higher prices. It must be the Cali way.