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" ... It's not that I favor government intervention in such matters. Rather I think it is wholly unproductive. Even back in the financial crisis I thought it was a dumb idea to bailout failing firms. To me, bankruptcy court seemed a far better and more noble solution. At that time, I said that the result of the bailout could be for America to "turn Japanese" with zombie companies and years of slow growth. We've certainly had the slow growth, and I remain a bareknuckle capitalist, Meanwhile, while the people who demanded the bailouts have fliflopped from acting like apparent Soviet-style central planners into sounding like Johnny-come-lately freemarketeers. ... "