Short of a significant opening up of our borders to more immigration, an increase in employment beyond the growth of the working-age population is limited to what remains of our shrinking pool of available workers.
Private borrowers, lenders, investors, institutions, traders, brokers, exchanges, and clearing systems all have huge stakes in containing their risks as individual agents and risks to the system as a whole. Private market participants can discourage excessive risk taking by choosing to do business with those firms that demonstrate sound risk management systems and portfolios that balance appropriately risk and expected return.