Systemic Risk

Some scary reading from the Financial Times - this is all quite logical...when you spend money you don't have at levels NEVER before even imagined, you are going to run into trouble...BIG trouble.

Top government officials, including the heads of the US Treasury, the Fed, the Federal Deposit Insurance Corporation and the Securities and Exchange Commission are calling for the creation of a powerful systemic risk regulator to reign in systemic risk in the private sector. But their government is now the most serious source of systemic risk.

How's that "Hope and Change" gonna feel with double-digit inflation? Ahh, the Carter years redux.