CommentaryThere's a concept in aerial navigation called “the point of no return.” As the phrase implies, the point of no return is the distance beyond which a flight’s return to the point of departure ...

We’ve Entered the Doom Loop of Deficit–Debt–Inflation https://www.theepochtimes.com/opinion/weve-entered-the-doom-loop-of-deficit-debt-inflation-5465433 This spiraling process of runaway deficits leading to more debt leading to higher inflation from monetary expansion is a “doom loop.” Now that we’ve entered it, how do we get out? Only by the severest of measures to cut deficit spending, which is an option that neither political party will have the courage to take. The United States can neither default nor can it tax away the problem.

That leaves inflation as the only remaining path. So, instead of price stability, we can expect to see inflation return with a vengeance as the Fed is forced to reverse course on interest rates.