You lose your job it is not a temporary hardship.
You lose your business it is not a temporary hardship.
You lose money on Wall Street it is not a temporary hardship.
US government debt goes to hell it is not a temporary hardship.
Musk does not have any of it right. He is not talking about your neighbor. He is talking probably about you if you lose your retirement.
The country is getting more nervous as well we should be.
The top 3 all happened to me. They were all temporary.
U.S. debt may be different.
The idea of a “temporary hardship” should be up there with the “national malaise” crack.
As far as the national debt think back no further than to Truss in the UK. Austerity can be bad for leadership careers during demand side periods.
The withdrawal reaction to the money printing addiction will be very strong.
$1 Trillion in interest payments on $36T debt is unsustainable and is driving US towards bankruptcy.
By July 2025 you will be in shock. Your ideas on econ are nonsense.