The author does make one glaring mistake when it says that "inflation is the result of demand exceeding supply." It is not. Inflation is caused by printing money and the devaluation of existing money by the government. You get rising prices and/or supply shortages if it is just a result of demand exceeding supply. The difference is whether the rising prices affect only certain products and services or the entire economy. Inflation affects the entire economy - the laws of supply and demand apply to specific goods/services.

The author isn't wrong, however, when he says that the problem lies in the crushing energy prices and government handouts. Those two factors are economic killers but combined with a failure to protect our borders, rampant crime which goes unprosecuted, and a thoroughly corrupt administrative state all bode ill for the future of this nation.