I'm hearing a lot of "the government did it wrong" and "restoring confidence is job one," but not a lot of specifics about how to accomplish that.
I put my cards on the table - helicopter drop. Super-aggressive redistributive monetary policy. Print money and mail it out. Reinflate demand via consumers directly rather than trying to fiddle with asset purchases.
What's your plan? And the plan, please, no skipping right to the objectives. Anyone can tell you that we want more confidence, that we want the right policy not the wrong policy, etc... But the devil is in the details, and these problems are devilish enough that the whole developed world seems to be unable to solve them.
-Jester
I put my cards on the table - helicopter drop. Super-aggressive redistributive monetary policy. Print money and mail it out. Reinflate demand via consumers directly rather than trying to fiddle with asset purchases.
What's your plan? And the plan, please, no skipping right to the objectives. Anyone can tell you that we want more confidence, that we want the right policy not the wrong policy, etc... But the devil is in the details, and these problems are devilish enough that the whole developed world seems to be unable to solve them.
-Jester