Ben, Treasury, Obama...lend me your ears:
You want to fix the broken, stimulus-addicted US economy? Get started with these issues:
1. Encourage savings as opposed to encouraging frivolous spending on discretionary items. Really. Create a national initiative that will encourage non-speculative savings (a.k.a. "401K savings"). The power of money saved is not to be underestimated. If all of the Gucci outlets fail due to a lack of frivolous US spending...so be it. The long-term outcome will be much better. Bring back the piggy bank.
2. Discourage revolving consumer credit. If I saved $1 today, but added $1 of consumer debt (with a 20% APR), I really dissaved $0.20. I really simplified the last assumption, but it's appropriate. Reserve most credit consumer credit for non-revolving issues, i.e., home purchases, auto purchases, and fixed investment.
3. Stabilize the dollar. Allow savers to experience the joy of a stable or appreciating currency. Your mismanagement of the reserve currency will get us into very big trouble one day.
4. Educate young Americans about personal financial issues. It is insanity to think that we teach American 5th graders how to put on condoms in sex education programs, yet we don't teach our students about personal finance. The banking cartel loves for Americans to be barefoot and pregnant - intellectually speaking - as Americans are far likelier to line up on the other side of the banks' asymmetric deals. Teach American high school seniors how to avoid "raw deals" before they go out into the world. Teach them about Libor, mortgage payment calculations, and the powerful effects of compound interest.
5. Regulate the Federal Reserve. Regulate this juggernaut, lest you wake up one day and find yourself regulated by it. There are far too many conflicts of interest that exist within the walls of this bank and its shareholding member banks.
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