Every time I see suggestions from friends — even bright people who I like — proposing simplistic and ridiculous “solutions” to the current economic crisis, I’m appalled at the level of economic ignorance out there.
We can fix the economy, they say. Just don’t make anybody pay rent for awhile. Banks can let people not pay their loans back for awhile, either. Just put everything on hold. And utilities can keep providing power and Internet service and water and everything else — for free.
See? Just wave a magic wand and decree this. It’s free.
From what I read from such people, it’s clear that they have no understanding of why their proposed magic isn’t possible. And I’ve seen another correlation. People who have to earn enough money to keep their small businesses open are panicking right now, because they know there is no magical Santa Claus who’s going to save them.
But people who’ve never run a business and don’t understand anything beyond getting a paycheck for a job seem to think someone can just wave a magic wand and the economic world can just be on hold for a few months — while they continue to consume resources without paying for them.

It’s a mystery why two cats bond — or why two people fall in love
If you aren’t free to to be a bigot if you choose, you’re not really free
FRIDAY FUNNIES
Ignore the happy face it presents: Coercive state points a gun at you
Don’t believe the words they say: Politicians revert to their incentives
It might not matter who’s right; just fix the problem and move on
Here’s the jobs growth Obama promised—in federal workers