06/14/2025
https://www.nbcnews.com...
"I maintain that capital can only come from hard work and savings, and I think that is an important distinction."
"What do we do now? We are telling consumers to spend and continue the old process. It won't work."
"Now we are suffering the consequences because it is a failed policy, and it is not working at all."
"But the idea of using the term nationalization to justify bailing out bondholders seems counterintuitive and probably a mistake."