No one knows how much the government can borrow
&gt; Remember that some people thought that government borrowing ... facilitated by quantitative easing (Fed bond-buying) ... was going to lead to substantial inflation. But it didn’t.<p>Every time someone says &quot;but where&#x27;s the inflation&quot; I sigh.  Look at literally any financial asset, SP500, stocks, real estate, even bond values (the inverse of interest rates).  There is your inflation.<p>Maybe we like asset inflation, maybe we don&#x27;t, but that&#x27;s where it is.  When the author claimed to be unable to find it, I stopped reading.