So basically have the US Govt come in and restructure all existing consumer debt to 1.5% with no one able to default or go BK? This would be nationalization of about $10T? Bring the world to it’s financial knees. Crowd out all private sector activity for the biggest economy in the world. Socialism transition.
Prices need to come down to a level that is sustainable by wages. If this means economic failure by individuals and companies, so be it. But it’s what’s got to happen and the global market will not allow anything else. All intervention will do is prolong the event and perhaps make it much worse.
