Just another Reality-based bubble in the foam of the multiverse.

Monday, September 22, 2008

Shorter Counter Proposal

Newberry's tome of a suggestion is shortened by Ian Welsh here:

a) FDIC (FDIC takes over funds in addition to banks)
b) HOLC (home ownership loan corporation)
c) declare a state of emergency so you can do oversight and release reserves from the oil reserve, because bailouts will increase liquidity, and that liquidity will go into oil/gas prices
d) give aid to ordinary Americans - food stamps, ei extension, welfare, etc…


With slightly longer elaboration here and Newberry's original analysis here.

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