But people work.
Dallas Mayor Mike Rawlings has said that Dallas has a barbell economy, lots of wealthy folks and lots of really poor people, but it’s harder than ever to be middle class in Dallas.
I believe inequality of opportunity is a big problem, and I think, for example, we have a lot of people who are served by very poor school systems.
It’s also a regulation that doesn’t follow the rule of law, and it keeps capital on the sideline.
We can’t have economic growth if we have public policy that essentially vilifies success and puts an incredible regulatory burden upon our entrepreneurs and small businesses.
The government didn’t do any good in putting people into homes that, ultimately, they could not afford to keep.
Now, mortgage-backed securities can add a lot of liquidity to our system.
But the ability to secure greater amounts of capital and liquidity is a good thing.
But is it the banking regulations that are causing that?
People aren’t going out and creating new businesses in their garages.