> There is no fix. <
And there will be no knight in shining armor to save us. Biden’s budget included huge deficit spending. But so did Trump’s. Evidently no one on either side (except Rand Paul) cares.
My prediction: Weimar-style hyperinflation. It’s the only way to pay off the deficit, short of defaulting. The only thing I can’t predict is the when.
There can be no default. There will always be money created to cover debt payments.
There is nothing magical about inflation, either. All economics “laws” describe the behavior of a substance created whimsically by central banks. No such substance (money) should be expected to conform to “laws”. Why would anyone expect anything created from nothing to behave in any predictable way?