Steve Moore and Bill Walton Discuss Bank Bailouts, the Economy, and the Debt Ceiling: Part 1

by | Apr 12, 2024 | Bank Failures | 1 comment

Steve Moore and Bill Walton Discuss Bank Bailouts, the Economy, and the Debt Ceiling: Part 1




In this episode Jenny Beth is joined by former Trump economist Steve Moore and finance guru Bill Walton to discuss the current state of the economy, bank bailouts, the looming debt ceiling fight in Congress and how all of these things impact the lives of every day Americans.

Steve Moore is a former Trump economist, a Distinguished Fellow at The Heritage Foundation, a former columnist for the Wall Street Journal, and a co-founder of The Committee to Unleash Prosperity. You can sign up for his daily newsletter at

Bill Walton is the former CEO of a $6 billion private equity fund on the New York Stock Exchange. He has decades of experience in finance and banking, and is the host of The Bill Walton Show.

Twitter: @stephenmoore @billwaltonshow @jennybethm

The Jenny Beth Show is hosted by Jenny Beth Martin, Produced by Kevin Mooneyhan, and Directed by Luke Livingston. The Jenny Beth Show is a production of Tea Party Patriots Action. …(read more)


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Steve Moore and Bill Walton are two prominent economists who have been vocal about issues surrounding bank bailouts, the economy, and the debt ceiling. Their perspectives provide valuable insights into these complex and contentious issues.

Bank bailouts have been a hotly debated topic since the 2008 financial crisis. Many argue that these bailouts are necessary to prevent a collapse of the financial system, while others believe that they reward reckless behavior by banks and create moral hazard. Steve Moore, a conservative economist and former Trump economic advisor, has been a staunch critic of bank bailouts. He believes that they distort the free market and encourage risky behavior by banks. Moore argues that instead of bailing out banks, the government should let them fail and allow market forces to determine which institutions survive.

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On the other hand, Bill Walton, a liberal economist and professor at the University of California, Berkeley, has a different perspective on bank bailouts. Walton believes that bank bailouts are necessary to prevent a financial crisis that could have far-reaching consequences for the economy. He argues that the government has a responsibility to stabilize the financial system and prevent a collapse that could lead to widespread job losses and economic hardship. Walton advocates for strict regulations on banks to prevent future crises, but he also acknowledges the need for government intervention in times of crisis.

The state of the economy is another key issue that Moore and Walton have differing views on. Moore is a proponent of supply-side economics, which focuses on cutting taxes and reducing government regulation to stimulate economic growth. He argues that lower taxes and fewer regulations will incentivize businesses to invest and create jobs, leading to a stronger economy. Moore has been a vocal supporter of President Trump’s tax cuts and deregulation efforts, which he believes have helped spur economic growth and create jobs.

Walton, on the other hand, believes in a more Keynesian approach to economic policy. Keynesian economics emphasizes the role of government intervention in stabilizing the economy through fiscal and monetary policy. Walton argues that government spending and policies like unemployment insurance and stimulus packages are necessary to support economic growth and protect against downturns. He believes that a strong social safety net is essential for ensuring economic stability and reducing income inequality.

Lastly, the issue of the debt ceiling has been a point of contention in recent years. The debt ceiling is the legal limit set by Congress on the amount of money the government can borrow to fund its operations. Moore has been critical of raising the debt ceiling, arguing that it allows the government to accumulate unsustainable levels of debt. He believes that reducing government spending and balancing the budget are essential for long-term economic stability.

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Walton, on the other hand, believes that raising the debt ceiling is necessary to ensure that the government can meet its obligations and prevent a default on its debt. He argues that cutting spending during an economic downturn can exacerbate the problem and lead to a vicious cycle of economic contraction. Walton believes that a balanced approach that includes raising revenue through taxes and reducing spending on non-essential programs is the best way to address the debt ceiling issue.

In conclusion, Steve Moore and Bill Walton offer differing perspectives on bank bailouts, the economy, and the debt ceiling. While they may have differing views on these issues, their insights provide valuable contributions to the ongoing debate surrounding economic policy and government intervention in the economy. It is important to consider a range of perspectives when evaluating these complex issues and determining the best course of action for ensuring economic stability and prosperity. Stay tuned for Part 2, where we will delve further into their differing views on these and other economic issues.

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