They are threading a needle of deflation and hyperinflation.
IF they get their inflation, without interest rates on bonds going up as well, we will be in danger of a currency crisis.
WE are no where near being out of the woods.
Yes, our long run liabilities are $202 Trillion, according to a Boston U economist.
Somebody’s not gonna get their money back / keep their money.
Either debt obligations won’t be repaid (lenders won’t see their money back),
taxpayers’ll be looted blind,
or those anticipating entitlements won’t see them.