Commentary
For the first time in over 40 years, the U.S. economy is dealing with widespread shortages.  Parts are unavailable for manufacturers when they need them.  Airlines abruptly cancel flights.  Railroads and trucks are cutting shipments.  Food shelves in some areas are depleted with some areas reporting a lack of meat supplies, milk, or other essential food items.
What’s going on?
Shortages and empty shelves are characteristic of economies where governments control and allocate resources.  They are not characteristic of America’s free-market economy.  The only other times America has faced shortages were during World Wars or during the 1970s….