I have an idea to increase liquidity to the financial system and end the recession: Repeal the 16th Amendment and constitutionally prohibit all taxes on savings, income and investment.
Then abolish the IRS and institute a national sales tax that is completely transparent, the levels of which can only be set by our elected representatives.
Prohibit total taxation or spending to go beyond a certain percentage of GDP/GNP unless there is a formally declared war. Automatic across-the-board spending cuts would kick in if spending exceeds those levels.
Oh, yes and close the borders, prohibiting all benefits to be paid to non-citizens including having their children in public schools. Illegal aliens who commit crimes should be summarily deported. Repeat offenders should be jailed.
The mere anticipation that something like this was about to pass would be enough to propel the stock markets and get business large and small to start hiring people again.
Tragically, the present administration is going in the complete opposite direction, thus we are in for more unnecessary suffering and privation.