Massive deflation followed by massive inflation.
Yet somehow this will be all President Cruz's fault.
Back in 2009 I actually got to meet Robert Higgs. He said precisely that. Didn’t know when but said eventually well get a surge of deflation followed by hyperinflation. I asked if it was halpening back then but he didn’t seem to be certain. I believe he said we were feeling it to a degree but didn’t seem convinced it was ready to hit.