Certainly, there are some good economic reasons why lenders have such an insatiable appetite for debt.

For the time being, America s private sector is running a surplus that is sufficient to fund roughly 75 of the government s voracious appetite.

Driven mainly by the almost insatiable appetites of China and India, a profound burst of growth has come to Latin America.

As long as China and India maintain their insatiable appetite for commodities, Brazil s exports will finance today s consumer boom.

And this engine is not just economic value it is pulling material resources relentlessly through the system, driven by our own insatiable appetites, driven in fact by a sense of anxiety.

But it is equally unlikely that this achievement will end the insatiable hunt for more money. Let s assume, cautiously, that we are two thirds of the way towards Keynes s target.

Certainly, there are some good economic reasons why lenders have such an insatiable appetite for debt. Imperfect information and difficulties in monitoring firms pose significant obstacles to idealized risk sharing instruments.