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Joke answer: Give the economy Lemisip, Lemsip fixes all problems.

Real answer: Do F*ck all with private businesses, don't interfere and don't allow failing businesses to be bailed out. The only good idea I can think of would be to offer small incentives to those failing businesses to turn their fortunes as opposed to handing out tonnes of cash.

Also, stop weakening the currency by just producing money out of nothing. Damn it Brown.

Oh and poor people are poor because they have no money. Quite possibly the most simple lesson we can learn from this. Hopefully the banks have learned their lesson.

That said, in times like this I feel a more 'social*' manner of spending money is needed. Government pays for more jobs in the short term, build roads and construct buildings, etc... Then when the economy has recovered and work starts to pick up again then let them go back to normal jobs for private companies.

But I'm just a regular schlo-mo, my ideas would likely fail lol.

* Most accurate work I can think of.