I agree, there is really no palatable option than for the government than to run inflation high, much higher than the 2% target. The next downturn will see som

I agree, there is really no palatable option than for the government than to run inflation high, much higher than the 2% target. The next downturn will see some extraordinary measures, maybe it’s already starting with the 10-year treasury at .5%. Really the only other option is a deflationary bust and nobody’s political career will survive that.