Phyliss Dalmatian Word of caution regarding Krugman's prognostications.  His economic and political predictions over the past 6+ years is spotty at best.  Remember 2021, his call that inflation would be transitory and no significant problem?? - which he had to retract.  Inflation does indeed increase debt especially over an extended period of time. US debt payments will exceed $400 billion in 2023 with projections reaching $800 billion by 2026.  Ironically, Simpson-Bowles predictions as to the accumulation of future US debt was understated.The challenge with this type of prediction is that if the Economist is wrong, it is really really hard to correct the situation unlike inflation control which is painful but short-term.Tax increases and containing expenses is prudent fiscal management considering $31+ trillion in debt and debt to GDP ratio exceeding 120%+.His ideological fervor sometimes gets in the way of looking at the big picture.

Phyliss Dalmatian Word of caution regarding Krugman's prognostications.  His economic and political predictions over the past 6+ years is spotty at best.  Remember 2021, his call that inflation would be transitory and no significant problem?? - which he had to retract.  Inflation does indeed increase debt especially over an extended period of time. US debt payments will exceed $400 billion in 2023 with projections reaching $800 billion by 2026.  Ironically, Simpson-Bowles predictions as to the accumulation of future US debt was understated.The challenge with this type of prediction is that if the Economist is wrong, it is really really hard to correct the situation unlike inflation control which is painful but short-term.Tax increases and containing expenses is prudent fiscal management considering $31+ trillion in debt and debt to GDP ratio exceeding 120%+.His ideological fervor sometimes gets in the way of looking at the big picture.

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