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.

This mortal life swings between lonely misery and loving paradise
A muse is a crutch for an artist, but some need a crutch to walk
Without meaning, most are blind to rot destroying their own lives
Atlanta police arrest wrong Teresa, but keep her locked up for 53 days
Preview of 2012? Voter landslide in Colorado against new school taxes
Years later, I see that I was an outsider who could never fit in
Head and heart don’t agree about love, including Valentine’s Day
Google’s geeks offer future vision that leads toward inhuman world