It would not take hyperinflation to resolve our debt, just 7-10% for 5 to 10 years.
(the above is a requirement for CalPers (and a lot of other plans) to continue to be funded BTW, repealing prop 13 may help for a few years but bottom line CalPers projects 7% return on income indefinitely into the future so you will eventually go BK anyway)
The Problem is that’s just not something a large part of the population transitioning to fixed income wants to hear. (Can you say Japan!!)
Interest rates, YES the Fed can control that even in the face of inflation IMO.
I think they have proved they can keep rates exactly where they want no matter what.
