[Miron. Making sense. ]
Yup. The one thing I’d add is that the Fed should stop printing money, purposely devaluing the dollar. A good part of the excessive lending depended on low interest manufactured money. There are multiple causes for the crash, most of which are anti free market and anti hard money.
I disagree. Financial institutions are deleveraging fast enough already that I don’t think there’s a significant danger of inflation in the near-term at least. It might not be appropriate to bail out banks, but we don’t want another Great Depression, and if history is any guide the worst thing the Fed could do is tighten monetary policy.