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Until the economy starts growing again, these problems will persist.Unless we understand the causes of our problems, solutions aren't easy. Because you place great emphasis on “what works” rather than economic theory, I'll get to the specific issues straightaway.Here are some guiding principles for “what works”:1. Economies can repair themselves without a lot of government help. History has proven this time and again.2. Government interference in the repair process can hinder recovery or even make things worse.3. Government spending is very inefficient.4. Individuals can make better choices about what to do with their money than the government.5. Economic growth only comes from private enterprise. The corollary of this is that the government can only spend money, not make money.6. Since the government produces nothing, real growth and real jobs can only come from private enterprise.7. If government spending is inefficient and if economic growth comes only from the private sector, then taking vast amounts of money out of private hands and putting it into government hands will hinder growth.8. Government spending to revive an economy has failed wherever and whenever it has been tried.9. More legislation increases uncertainty for businesses, making them reluctant to expand (called “regime uncertainty” in economic terms).With these time-tested guiding principles in mind, here are some specific policies that you should immediately implement to allow the economy to quickly recover. They will “work”.
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