In an op-ed piece published in the Wall Street Journal, a university professor opines on the next, or rather on-going, financial crisis. With an estimated deficit of approximately $12 trillion, the United States is in pressing situation. The current administration must balance a worsening period of economic activity and the largest deficit any one country has ever faced. Only time will tell if the most recent infusion of capital will have a lasting positive impact on the United States' economic growth, but in the short term, positive economic indicators have shown that activity has picked up. Although much of the deficit was through inheritance from the previous administration, the underlying problem that must be addressed is the concept of an arbitrary supply of money printed the at the discretion of the federal government.

"Allan Meltzer: Deficits and the Next Financial Crisis" http://online.wsj.com/article/SB20001424052748704224004574489251193581802.html