Meanwhile, the U.S. government has extended so much aid to various other sectors of the economy, and it’s expected to have to do more, that now people are worried about U.S. credit. To buy credit protection on U.S. government debt now costs you more than to buy credit protection on Campbell’s soup! But, I mean, buying credit protection on the U.S., it’s sort of a mind-bending concept. The U.S. only issues in dollars; it only issues in its own currency. More importantly, from whom are you going to buy protection on the U.S. government’s credit? I mean, if the U.S. government defaults, what bank is going to be able to make good on that contract? Who are you going to buy that contract from, the Martians? [...]