Jerry Pournelle’s suggestion:
The best way out of this mess is the German Economic Miracle way: suspend regulations. All regulations. Make it easy to start new companies. Let ingenuity work to allocate capital. Of course we won’t do that.
He’s right – we won’t, but think how much fun this would be, if we did. You see, liberals are of the opinion that without strict regulation, we won’t know what to do and we’ll make a hash of things. This liberal thinking changes completely when the subject turns to abortion and pornography, of course – but if we’re waiting for logic and common sense from liberals, we’ll be waiting a long time. Meanwhile, taking all regulations off the economy just might scare liberals to death – they’d be instantly worried that Robber Barons would force people to accept a dollar a 14 hour day to work at dumping toxic waste from the gun factory into the soy milk supply.
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