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governments are issuing more and more bonds that have to paid back at some point. There's this term, in economics, of the Minsky moment, where
governments are issuing more and more bonds that have to paid back at some point. There's this term, in economics, of the Minsky moment, where things can go very well for a while, as everyone believes that, you know, that the train can keep running, the cycle can keep turning, you know, that governments have all this money. At some point, though, doesn't that break down? Do you worry that we may be nearing a Minsky moment, where, like Michael in Mary Poppins grabs his tuppence and starts a run on the bank. Is there stress in the international financial system now that concerns you, that makes you feel that we may be running out of headroom
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