Other Than That, Everything’s Just Fine

Several things are keeping Dallas Fed economist Thomas F. Siems up at night. One’s the “huge debt burden” Washington is running up. Another’s the way the federal government is growing. (“The bigger government gets,” Siems says, “the smaller GDP gets.”) He’s also worried about over-regulating the banks–most of which, he says, are doing just fine–and, down the road, the probability of higher inflation. Siems made the comments in a keynote address this morning to the EO Dallas group at the Westin Galleria.