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Just to tuck in a link to a more involved argument over the relative merits of backing up the banks vs. direct action. Link Dunno if I'm reading this right, but it sounds a little bit like binary economics.
Heavy reading and economic philosophy are not my thing, but the overall basis of this "Cook Plan" makes some sense to me. Cook Plan
Yes... you are correct... It won't happen, but two or three years from now, it could be the only answer, unfortunately, as devaluation of the dollar takes place. In the interim, the current plan looks to be a way of pushing the "bubbles" down the line.
