Bill Foster: “This is massive overkill. This is an unnecessary invasion of privacy.”

Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.

The good news is that macroeconomic policy is working as designed.

I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.

I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.