In looking at the plight of the auto,banking and housing industries,it occurred to me that the agricultural subsidies of many years ago might offer a model for us to climb out of this mess.
Remember that most of these problems have been created,in the end, by overcapacity.Too much money in the hands of bankers;too many cars produced by the auto industry and of course, too many homes built by the homebuilders.
The remedy:Government stockpiling of all these goods and services.
The government should have a budget to simply buy excess auto inventories, homes and even soak up the money supply when it becomes too much.
The success of the agricultural subsidies in propping up the prices of grain is a good example.We should simply let this become our national bailout plan for anything and everything that causes dislocations in our economy.
