&quot;The last time the economy was in this bad of shape, it took a world war to restore prosperity.&quot;<p>Pros and cons of basic income aside, this is likely what we are seeing already. I don&#x27;t know how else to describe a proxy conflict in Syria with U.S., Russian, Chinese, and Cuban actors.<p>On the main topic of the piece, the danger of inflation is just waved off and the function of creditors ignored. How would say the Chinese government feel about significant inflation that makes our Treasury debt more easily repaid with devalued dollars? These kinds of considerations loop back to the first point.