Besides tanking all asset prices initially - that actually could pave the way for more inflation. US federal debt is 30 trillion dollars. If the federal gover

Besides tanking all asset prices initially - that actually could pave the way for more inflation. US federal debt is 30 trillion dollars. If the federal government had to pay 10% interest on its debt, it’d require almost all of federal spending be paid on our debt. Of course that’d never happen. Instead they’d just borrow more to pay the interest, which means more dollars would be minted and we’d print several trillion dollars a year in unwanted stimulus each year just paying our federal debt. (Or enter a debt crisis.)