HI Allen
First the Fed should have raised rates in 2005-2006 to prevent overheating of housing.
Second the Fed should have gone in front of Congress in 2008 and said that we are impident in solving the countries problems and that Congress has to spend money, ideally on things that will improve the country, like fixing roads and bridges, building things like rural electrification and the national highway system. That could have been high speed rail for instance.
Third in monertering public spending, rates could have been kept higher.
Fourth Like Warren Buffet an equity stake could have been taken in the banks bailed out and as a condition banks could have been forced to split and reduce their size to be of no threat to the economy. Set a limit to some percent of GDP.
But alas I was not the supreme ruler
But only
Toofuzzy
Take the road less traveled. It will make all the difference.
