Stephen Moore

So I like that.

But the only, my only frustration is that we should have, you know, George,

W. Bush, back in 2004, wanted to put money, allow every individual to take 10% of their paycheck, and instead of sending it into the black hole of Social Security, put it into an index fund.

And, oh, no, it's too risky.

You know, the Paul Krugmans and the Chuckie Schumers.

And, oh, no, that would be a terrible thing to do.

And what a disgrace that we didn't do that.

By the way, do you know who the original...

A supporter of that idea was with Steve Forbes, my good friend Steve Forbes.

He proposed that in the early 90s.

So I'm just frustrated that we haven't democratized the stock market more than we have.

The only person who would be better than him is me.

If it can't be me, Kevin Warsh is fantastic.

Yes.

Why?

Because he believes, look, first of all, let's keep this really simple because sometimes when you talk about monetary policy, people's eyes glaze over and they run for the exit.

I can try to make this really simple.

Why do you have a currency?

Why do we have currencies?

Yes.