A quick explanation of the financial strife, courtesy of Milton Friedman —
1). All government money comes from the private market.
2). Government creates inflation by printing too much money. That is the ONLY thing that makes inflation… which is defined as too much money chasing too few goods. The “too much money” can only come from government.
3). Government is approaching inflation by raising interest rates, which harms the economy, including the taxpayers who are the sole source of government money.
4) Government is approaching the “banking crisis”, created by big changes in interest rates, by offering money to the banks to get thru their lack of liquidity — CAUSED by government changing rates to deal with the inflation government caused by printing too much money.
All current problems are directly caused by government, all by spending and printing too much money. The free market cannot do this kind of damage.
This is the heart of Reagan’s joke about the nine most terrifying words in the English language — “I’m from the government and I’m here to help.”