ViewpointsOpinionWe’ve Entered the Doom Loop of Deficit–Debt–InflationSavePrintThe Treasury Department building in Washington on Jan. 19, 2023. Saul Loeb/AFP via Getty ImagesMichael Wilkerson8/15/2023|Updated: 8/16/20230:00X 1CommentaryWe had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentMichael WilkersonAuthorMichael Wilkerson is a strategic adviser, investor, and author. He’s the founder of Stormwall Advisors and Stormwall.com. His latest book is “Why America Matters: The Case for a New Exceptionalism” (2022).Author’s Selected ArticlesGold Investors: Remember 1933Feb 02, 2026Make Homes Affordable AgainJan 16, 2026Four Investment Themes for 2026Jan 06, 2026Expect the Precious Metals Rally to Continue in 2026Dec 30, 2025Related TopicsinflationU.S. economynational debtdeficit spendingDoom loop