This is the most concise, and I feel, the most accurate walk-through of our inevitable path toward the Collectivist enabled path to fiscal Armageddon.
As Schiff concludes, because of political expediency and cowardice, it is going to be inflation, probably hyperinflation, among other nastiness.
You can’t have inflation with high unemployment. When you lose your job expenses are cut. Deflation kicks in and no matter how low the price goes no one buys. No job and huge debt = disaster.