Once the deflationary pressures caused by the lockdowns go away, we will have runaway inflation to make up for the 50% increase in the money supply over 2020. There will be no way to stop it. It might be fast enough for people to be spooked out of holding onto dollars. A sale off of dollar holding will further push the inflation. It could settle down, if the inflation triggers an inflation cascade worldwide, but the most likely outcome is that people finally ditch the dollar for another currency.

This would start a weimar level inflation event, because we have a lot of foreign held currency. Our exports would come to a rapid stop. We would not be able to afford most of our imports. The standard of living would drop to Venezuela collapse levels pretty quickly.

Some people would benefit from this. Most would not. Those who hold valuable assets such as precious metals, workable land and single family homes would benefit. Those who are in debt would benefit (including mortgages, car loans, student loans, ect.) Those who own those debts would not benefit. Those who rely on a wage to survive would not benefit. Renters and rent home owners would not benefit. Some of these groups overlap.

There are ways to prepare yourself to come out closer to the top than most, but that is another long post. In summary, most people would be screwed. Most people would lose their jobs. Not enough food would make it to market. Costs would become so high that barter would become a thing until a new currency was established. Communities would become isolated. Chances of dying of starvation would go up with local population density. Crime and corruption would become the new law. Anything valuable would be stripped and turned into food by trade.

Foreign agents would take advantage of this situation as well, but not as much as they might like, because a US economic collapse would drag everyone down with it, to some degree. It would hurt everyone, but it would hurt us the most. The tensions already present would probably fire up an internal war of some kind. Most people think that revolutions and civil wars are fought over ideas or wrongdoings. This is not historically accurate. These wars start when enough of the population is poor enough that they feel they have nothing left to lose. They then target the rich and find a justification later. This inflation in progress is the most solidly laid cornerstone for a revolution so far.

Just make sure you have enough beans, bullets, bandaids, buddies and bibles. After that, get some silver and get out of the city if you can.

Overheat the economy?

Nah, in the "you print money, you give it to people and people spend it in the local economy, and you get some of that money back through taxation as usual" sentence, it's not what comes after the "you print money" part that is going to "overheat" the economy or even a problem at all. Since when subsidies "overheat" the economy? If anything it keeps entire sectors afloat

No it's the decades old money printing monster that is going to bite the printers in the ass, currency debasement is a thing, and "the economy" is another. But what's for sure is that currency debasement has economic consequences ultimately, and we're probably a couple of inches away from "judgement day" when it comes to it

Larry summers is only covering his ass here with a deflection

I pledge allegiance, to the bag $$$