The path has been chosen now for a long time. Otherwise we drown in debt, so it has to be eliminated by cheating savers and bondholders.
Inflation is tricky, as commodity input prices rise, as do imports. If consumers can't pay up, corporate earnings get squeezed. With global labor arbitrage what it is, hard to imagine labor rates rising to create the highly desirable wage-price spiral.
Inflating your way to prosperity is the last stage of a national collapse. I guess its our turn.