The Problem with the Titanic was that it wasn't Big Enough

One of our favorite commenters, Jeff Burton, left this link recently. Here's what you find when you go there, a page on the IMF's website.

The Executive Board of the International Monetary Fund (IMF) today approved a ten-fold expansion of the Fund’s New Arrangements to Borrow (NAB) and the transformation of the Fund’s premier standing credit arrangement into a more flexible and effective tool of crisis management. The NAB will be increased by SDR 333.5 billion (about US$500 billion) to SDR 367.5 billion (about US$550 billion), representing a major increase in the resources available for the Fund’s lending to its members.

If this isn't a distress call from the Keynesian world, nothing is. If socialism was working, you wouldn't need this. This is your credit card company telling you they've doubled your limit while you still haven't developed a budget and are living by borrowing more and more and more.

Out of control.