Again we revisit King Solomon’s most fundamental truth… “There Is nothing new under the sun”. Apparently people have forgotten lessons of the past. Well there actually were wise people giving counsel under similar circumstances. But of course no-one wants to even hear of it. Instead they just want free stuff.

http:/Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people. - Andrew Mellon

And may I humbly add introduce a hard currency backed by tangible wealth. But of course Mr. Mellon didn’t need to say that since back then they already had one

Oh, and I will throw another one in there… Liquidate the airlines.

http://mises.org/search-mises?search=mmt

With all these bailouts coming it’s time to reassess the debt situation in the world

MMT: believing purchasing power can be created out of thin air. Governments can make everyone richer simply by printing money and spending it into circulation. No I am sorry my mind is NOT open to this. Whose could be? Only those that want something for nothing.. Exclude me.