An excellent discussion regarding How to End the Great Recession is provided by William Anderson. A short read and an Austrian perspective. Here are his conclusions”
First and most important, the government and the Fed must stop trying to prop up unprofitable entities from “Government Motors” to the zombie banks on Wall Street. These outfits are draining the economy and no amount of bailout money will change that fact. Second, the government should not be adding to the regulatory burden but withdrawing regulations from our economy.
This economy did not crash because of a lack of regulation, no matter what the political classes tell us. It collapsed because government policies drove huge amounts of resources into lines of production that the economy could not sustain, and until those malinvestments are liquidated or changed to more productive uses, they will continue to consume resources that would be better directed elsewhere.
Third, the government needs to end its debt-ridden ways and go on a real diet.
