Back in the days of Democrat Jimmy Carter, deficit spending plus high taxes produced galloping inflation. That, in turn, resulted in interest rates of over 20 percent. Then Reagan was elected, lowered taxes, and our battered economy recovered and flourished. That was then. This is now. Due to Biden's outrageously high deficit spending, inflation is once again shifting from a walk to a gallop. Lumber now costs three times what it did a year ago. Gasoline has gone up a dollar. Food prices are up 25 percent. A host of other commodities are also experiencing significant increases. Real estate is also ...