Spectre of Inflation?

[kork13]

Just wondering everyone's thoughts on how all the money getting pumped into the country (via public debt) is going to impact inflation over there next few years. $2.2T in a single blow, plus the other multi-billion dollar economic packages? I saw an article in the last couple days that we're on track to run a $4T deficit this year. That's nearly a 20% bump in the public debt in a single year, amounting to a similar 20% of annual GDP.

This kind of hog-wild spending makes me really nervous about inflationary effects in coming years. Yes, the easy argument is that it's a necessary evil to see the country through this mess. But we're shooting ourselves in the foot--repeatedly--with how Congress is handling the purse strings (and the credit card within), and we're going to get hit with a whipsaw when the goose comes home to roost. (Perhaps too many overlapping metaphors)

Any real way to be well-positioned ahead of escalating inflation? It seems that it'll be the one time people are grateful for their massive mortgages, because inflation will devalue the note.

[~bs]

inflationary effect from helicopter money not enough to overcome an economy at dead stop

[LivingAlmostLarge]

I don't get the spending either. I always thought the tea party people were majorly against raising the deficit. I'm confused because I thought they said the tax cuts was going to stimulate the economy more and generate more revenue. Instead in this bailout they are preventing stock buybacks which is what happened after the tax cuts.

[Scallywag]

The US dollar is NO longer tied to the amount of gold in stock so it's just paper. At the rate the FED is spending / printing money, i expect inflation to become a big issue.