Worrying about private equity

Why do we worry? Felix says we worry because private equity is systematically important.
The systematic danger is our inability to deal with $15 trillion in government debt. When the politician begins to fudge the numbers and kick the can then private equity takes advantage. Felix really worries that at some point, federal agents will refuse to collect from strapped middle class taxpayers. Our whole socialist banking network depends, ultimately, on the willingness of federal agents to draw gun.