There are foundational deflationary pressures in the current environment (excessive debt, global excess capacity) that could overwhelm inflation from tariffs and fiscal stimulus—secular stagnation pressures are 'still pushing on a string'—so achieving any inflation at all to grow out of the debt is actually desirable and breaking the 'curse of Elvin Hansen' (secular stagnation), and policymakers should not 'grasp defeat from the jaws of victory' by fighting inflation.