So deny me a deal of a life time and put me on the hook for more national debt?
Many firms will fail, with the Fed intervention. Of the ones affected, 90% of them will fail without it.
Freedom includes the freedom to fail
When that works it's way down to you and it will, and is now, everyone will share in the pain.
Market clearing hurts sometimes. We've been trying to inflate our way out of this problem since 2002 with ridiculously low interest rates.
In short I'd rather take the pain now than defer it.
One of the first things the Main street will see, is no paycheck on Friday. It takes lines of credit for most medium to large companies to meet obligations.
Credit cards will cease to be, student loans are already beginning to seize up as lenders quit. As the dollar devalues, the prices of food and necessities will jump like a frog, and that will cause more mortgage defaults. Forget buying a car, unless you have a downpayment.
If you want that, then have at it.
My house is paid in full. XCars are paid off, and I am good to go.