We seem to be having a big contraction of private lending, and a big
expansion of government "stimulation". This is happening against the
backdrop of quickly rising inflation, large public debt and large
deficits.

This does not paint a pretty picture in my mind.

I think that this is a banana republic style economic policy. The
hopes that we can be financially irresponsible like a banana republic,
without suffering consequences, are unfounded.

I