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Before you wish away the current inflation situation, you may want to understand how it’s going to end. In fact, the Biden administration all but predicts it in its report about the parallels between today’s inflation and a similar episode after World War II. Back then, the U.S. faced supply and demand issues akin to what we see today. In the 1940s, supplies dwindled during the war, and demand surged in the aftermath, bringing higher prices. It all led to the exact same outcome it has with every instance of inflation since: recession.
