I agree with you that's worse. Hopefully these are not our only two options.
Anyway in the first signs of a true depression (which we are nowhere near at as unemployment is at a historic low) the Fed will likely lower interest rates.
But I agree things are difficult. There's a huge amount of debt in the system, the highest its ever been, and growth is low and inflation is rather high.
Seems like every generation insists on leaving the young with higher debt and worse off ecological ecosystem. We'll likely do the same to our kids until something truly collapses.
