America’s economy in terms of the means of production of goods and services are controlled by private sector businesses, not by the Federal Government. The government does not own supermarkets, gas stations, poultry farms, dairy farms, bakeries and so on. Th e Federal Government taxes individuals and corporations to provide basic societal needs. For example, highways, bridges, water and sewage systems, and most of all, military protection against foreign adversaries. Th e only way the Federal government fuels and impacts inflation is by placing tariff s on import products. Therefore, Former President Donald J. Trump did more to fuel inflation by instituting tariff s on imported goods, especially from China, and American corporation business entities simply passed the inflationary costs on to American consumers. Another glaring example is the price of gasoline.
Shell, Exxon, Texaco and other gasoline entities are privately owned, not governmentally owned. Therefore, the price of gasoline is not set by the government. For example, when gas prices went through the roof, it was not because of the Federal government (Biden), but corporate greed based upon issues of supply and demand. President Biden at-tempted to bring prices down by introducing more supply from the strategic petroleum reserves....
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