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.

Whether it makes sense or not, I’ve learned to expect miracles
We don’t know how to love until we learn to set our egos aside
For me, money always comes best when I’m pursuing higher purpose
World has become a freak show, but we’re not supposed to notice
Life-threatening accident for child puts my tiny problems into context
What’s at the root of objections to real freedom? Paternalism
Without courage to take action, day will come when it’s too late
Time to face facts: Most people don’t really want individual liberty