If the Fed were to issue new Bonds at varying maturities, call them P Bonds for people, and use these new bonds to pay down the the outstanding US debt to a functional level, and then credit these P Bonds to all US citizens, it might solve the debt crisis. The American people would own the debt which they already do but would now own the asset and receive the interest.
This strategy would return wealth to the middle and lower class from which it was stolen by bad management and return the assets to where it will grow the economy and the velocity of the GDP.
Civilizations under pressure often produce voices that crystallize their deepest questions. These are rarely kings or generals, but philosophers, teachers, and public figures who step into the square to provoke. Their role is not to rule but to make society face itself. In ancient Athens, that voice was Socrates. He wrote nothing. He simply asked: What is justice? What is virtue? What is the good life? His relentless questioning unsettled his fellow citizens, and Athens condemned him to death. He refused to flee, insisting that the examined life was the only life worth living. His death turned him into a symbol of Athens’ own unease. Our world has its own public voices. In recent years, Charlie Kirk became one of them. Whatever one thought of his politics, he drew large crowds, not only on American campuses but even in London and among Māori in New Zealand. He thrived on dialogue — fielding questions, sparring with critics, drawing applause. The style was different. Socrates aimed a...
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