Consequences? Those are for Plebeians, since the Federal Reserve can just print more money. From 2020: "Inflation Baked In As U.S. Money Supply Explodes" https

Consequences? Those are for Plebeians, since the Federal Reserve can just print more money. From 2020: "Inflation Baked In As U.S. Money Supply Explodes" https://www.forbes.com/sites/investor/2020/06/26/inflation-baked-in-as-us-money-supply-explodes/?sh=27f7f0ed7829 https://www.forbes.com/sites/investor/2020/06/26/inflation-b... "A 33% increase in M1 (the most liquid portions of the money supply) in the last 12 months. A 105% increase (if you annualize it) in the last three months to May. You’d say that’s a 33% inflation rate baked in, right now."