There is simply too much going on in the world’s economic ambit to cover in one blog. State governments are in crisis – these will be the next ‘credit’ domino’ to fall. GM and Chrysler are asking for more bailout money, along with any number of banks. The Eurozone is in crisis, Japan and East Asia sxporters are without customers, there are increasing millions of unemployed and there is nothing good on TV.

There is simply too much to keep track of, much less try to contrive a solution for. The American ecnomic situation is solvable, although the margins of this blog are too small to contain the entire solution.

One thing that needs doing is to write an economic children’s book. Any such book would be understandable by policy makers. You think?