The Fed can keep printing money

There's more mayhem to come, but don't worry, the Fed can keep printing money and buying private assets.

No wonder the world is scared half to death. The Fed has been creating new vehicles right and left for nearly 18 months, so the problem isn't a lack of liquidity.

The problem is that too few people want to use the liquidity the Fed is creating. They don't want to lend money, or take risks, in part because they never know what Mr. Bernanke and the government might do next.

The new money the Fed has pumped into the economy

The new money the Fed has pumped into the economy to replace the financial-sector liquidity wiped out by the collapse of the bubble has to go somewhere.
It has to end up in someone's bank account .

When we contemplate helping others, whether through volunteer organizations or welfare-state transfers, we are less likely to provide for -- and more likely to abandon -- those who are unlike ourselves.

Abolishing the income tax

Abolishing the income tax. Now that really would be a genuine economic stimulus.