Since we are still in a Global Economic World Wide Depression I'm wondering what the general consensus is out there regarding:
1) What caused it (primarily)
2) What is your plan to get out of it (includes any laws or programs you would add or repeal)
I'll post my program after I put some finishing touches on it.
1) Printing money will-nilly.
2) STOP!
Simple, brief, yes... But added complexity wouldn't help anything.
So a deflationary panic meltdown of the market by cutting off all new credit?
This would result in millions of deaths and probably WWIII.
Try again.
Because without an excess of credit, the wealth it represents would disappear.
Yeah, this is a massive simplification. Honestly, the correct answer under the ideal conditions would be "End legal tender", "End most federal agencies (assuming we are recovering the US economy", "Cut taxes" and "Pull out of any international organizations that would attempt to stop the US from doing this for being a so-called tax haven (UN, World Bank, etc)" in that order. Without doing that, the best option would be "No bailouts, wait out recession, then jack up rates to clear out excess credit" (Kind of like the Volcker solution).