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 ArticlesFour Investment Themes for 2026Jan 06, 2026Expect the Precious Metals Rally to Continue in 2026Dec 30, 2025Labor Market Sends Mixed SignalsDec 21, 2025America’s Health Care System Is Terminally IllDec 01, 2025Related TopicsinflationU.S. economynational debtdeficit spendingDoom loop