Paul Singer, one of the few who foresaw the sub-prime mortgage meltdown, argues that as the result of Dodd-Frank, the financial system is now more fragile and in danger of runaway destabilizing feedback.
He also see the possibility of serious inflation.
With an out-of-control federal deficit, I think inflation is inevitable. There is no other way to deal with the debt than to inflate it away. The only questions are when and how much. Now if I could just figure out how to insure against it.
On liberalism and democracy
19 minutes ago