Utter nonsense.
Japan has far more debt, has been spending far more than the U.S., and is in far worse shape (declining population) than the U.S.
...yet Japan has had deflation for 21 straight years.
And that’s what we’ve got here in the U.S. with lower housing prices now than 2006, lower stock prices now than 2008, and lower oil today compared to 2008.
Deflation.
Debt is deflationary.
If there’s no inflation then why would half of the increase in July personal consumption expenditures (my post above) be the result of price increases?
That really bothers me, perhaps I misunderstand something.