The conclusion at end of the article by @Lyn Alden This combination of factors points to a fiscal dominance era that is less dramatic in any given year than alarmists might predict but also far more persistent and intractable than optimists might hope. The deficit problem is unlikely to be resolved this decade, nor is it likely to culminate in a sudden collapse. Instead, it will run structurally hot, punctuated by occasional moments of drama, while nominal figures steadily rise amid ongoing currency debasement.
In this environment, holding hard, scarce assets such as real estate, equities, gold, and bitcoin offers a pragmatic way to preserve purchasing power and navigate the pressures of fiscal dominance. These assets provide a hedge against the gradual yet persistent erosion of purchasing power in an era where fiscal policy rules the economic landscape.
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