The U.S. has been experiencing high levels of monetary inflation over the past couple of years. If anyone expects that to stop, think again. From June 2022 to June 2023, the U.S. budget deficit ballooned to $2.3 trillion -- up 64%. The budget deficit appears to be on a "completely unsustainable path", says former Treasury Secretary Larry Summers. The article also warns that the U.S. Federal Reserve will no longer be able to afford to keep interest rates down in the presence of high levels of inflation. US budget deficit blows out 64% as the nation burns cash like a 'drunken sailor' | Business Insider India, Zahra Tayebjul
Inflation won't stop until the USD collapses. It's happened before. Neither the US nor the USD are special.
