I remember that in 1974. About every few months there was a shortage and price hike in coffee, tuna, sugar, etc.
In the 8th grade I did a political cartoon (class assignment) of a butcher behind a counter of expensive meat with signs like “Layaway Available” and “Credit Cards Accepted” etc.
Got an “A”! lol
Scarcity is the normal condition of this world.
Shortages are caused by government.