[quote=dumbrenter][quote=SK in CV][quote=dumbrenter]That said, to be clear, I have no “conclusive evidence” other than a set of correlations.[/quote]

What set of correlations leads you to the conclusion that the US “faces an either/or choice: (a) inflate massively to get out of this hole
(b) raise taxes and at the same time cut welfare across the board.”[/quote]

And what makes you think this is not an either/or choice?[/quote]

You made the assertion. You claimed you have evidence in the form of correlations. Back it up.

There are all kinds of other possibilities. Deflation. Controlled growth. A black swan event preceding a deep depression. Or even as is currently projected, slow growth leading to decreased deficits over the short term, and growing over the intermediate term. None of those require massive inflation or increased taxes/decreased welfare.