My, we are panicky today, aren’t we? Do you base that in nature or nurture?

The fed will indeed accept somewhat higher inflation. So they’ll fudge the stats – a proven tactic, since history proves that changing the definition of inflation does NOT stop economists from treating it as a constant measure (”if we call an economist a dog, then how many dogs does an economist have?) – by starting to move housing back into the CPI.

Since housing will at best be flat in real terms, at 7% inflation fudged down to 3% or 4% by the changes, the value of money and therefore of real debt will be halved in a mere 10 years, or approx two presidential terms. Full bonus: the govt’ll cut its own debt in half too, and can resume bribing you w/your own money.

Sure, foreign holders of US bonds will be ticked, but so what, they don’t vote, and besides, the govt can then reward friends and punish enemies on a case by case basis.

Serious Supplementary Credit Question To Weed Out The Posers: if you were the world’s biggest altruist… OR … the world’s biggest bastard … … what would you do different? … anything? Or is it the same strategy either way?