[Vermont Lt]

I am not sure I understand your point.

The Fed rates are not coming close to taming inflation. But, since wages are not keeping up with inflation, tax revenues won’t either.

And the import bump from last month was a one time “adjustment.”

As I wrote—the world isn’t ending. It’s just gonna suck for a while.

[semimojo]

But, since wages are not keeping up with inflation, tax revenues won’t either.

They will, or very close.

We'll be paying back the debt and meeting those unfunded obligations with cheaper dollars.

Inflating the debt away is definitely a thing.