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The US government’s coming debt doom loop WILL force inflation much higher as the Fed is forced to resume QE. That soaring inflation is always politically and socially destabilizing.

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Friday, May 23rd, 2025

Laramie, Wyoming

By Dan Denning

"What is important is that the economy grows faster than the debt." - US Treasury Secretary Scott Bessent

When I heard Treasury Secretary Scott Bessent say that the important thing now is to grow the economy faster than the debt, it made me wonder if it’s time to write an obituary for MAGA.

It also made me wonder: What will happen to consumer price inflation if the Fed’s balance sheet shoots up to $10 trillion in the next four years?

Will the price level shift another 20% higher like it did after the fiscal recklessness of the lockdown response?