最大风险是通胀 This strategy does come with its risks, inflation being the biggest one

美联储和财政通过扔大钱来阻止经济萧条，市场上行是常态 But people on both sides of the aisle are increasingly coming to realize that fiscal policy is the “cheat code” of economics. If you’re willing to tolerate inflation risk, you can use it to achieve any nominal outcome that you want. As people become more aware of this fact, they’re going to increasingly challenge traditional approaches, demanding that fiscal policy be used to safeguard expansions and eliminate downturns. Upside-down markets will then become the norm.