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The average American is already stretched to the breaking point with what overinflated goods they can afford. We'll soon see people either buy just the bare essentials or start stealing at a much higher rate than we already have. Food riots might very well be a thing in the world's richest country soon.
The genius part is now that Republicans are in charge of the government here, deficits no longer matter, and they will push through huge tax cuts on the rich. These massive tax cuts will only trickle down to working folks in the form of direct rebate checks, just to give Trump an excuse to have his signature all over them. Trump will convince these people that the additional money is to help offset rising prices, and his voters will believe it.
Deficits will no longer matter until after the midterms, and then if Democrats can gain back control of either house of Congress, the deficit will become a big problem again, that can only be solved by slashing more programs. The checks will stop, and Trump will blame Democrats.
Life is about to imitate art again