Until people are able to figure out that the core economic issues faced by society aren't solved just through the creation and moving of little slips of paper, the sooner the madness will calm down. Economists see themselves as some sort of magicians who think they have all the answers, and all that is needed is money. Well... if there isn't a need in an economy for certain resources, goods or services, no amount of money is going to make it so. You have third-world nations create hyperinflation, because their economies are not able to absorb the money that is created by governments.
But hey, keep thinking that massive government spending will somehow magically produce a permanent "ecosystem" that will sustain itself. As I see it, while government spending can help get infrastructure in place, stimulus money to cause consumption that won't remain once the government stops spending in an area, isn't going to work.
Anyhow, what do I know. Krugman and all those people who tanked the economy with their math that said home prices will keep going up forever know more than I do... right?
