Subject: Re: OT Booms and Busts
We learned that we can rescue the system. We can lead with fiscal shock-and-awe—putting trillions of dollars directly into the hands of anyone ...

Nobody disputes this. It was well demonstrated. The question is how many times can you do it? Last time we did shock and awe, the Fed added trillions to their balance sheet. Most of it is still there. Can we do more trillions? Can we load the debt up from 100% of GDP to 150%? To 200% To 250%? How high can we go before the system breaks? Or before inflation eats our lunch (everything)?