Dear Friend, I’m concerned with the increased costs of common goods like gasoline and groceries. In June, consumer prices rose 5.4% -- the highest one-year rate since 2008. President Biden’s policy of non-targeted, rampant spending isn’t helping. When you combine extensive spending and supply chain disruptions with the Federal Reserve purchasing $120 billion in mortgage-backed securities and Treasuries every month since June 2020, you get the inflation we are seeing today.  We have too many dollars chasing too few goods, which is the recipe for inflation.The way I see it, inflation is just a tax on hard working Arkansans trying to save for retirement, trying to save for their kids’ college, and trying to buy necessities like gas and food.