There is nothing wrong with a collapse of private sector credit creation that would not be solved by a sufficiently large government investment outlay.

And given the present decrepit state of the infrastructure of nominally first-world countries, you would run out of unemployed before you ran out of useful government projects. Possibly quite a long time before, depending on how aggressively you repudiate private sector debts.

- Jake

Friends come and go. Enemies accumulate.