You Won't Like This Idea

I read this and came up with an idea.

Stock markets around the world plummeted today, as a financial crisis that began in the market for U.S. home mortgages spread to almost all corners of the global economy.

U.S. markets were closed for the Martin Luther King Jr. holiday, but all of the world's other major economies experienced a sell-off. Stock prices fell 7 percent in France and Germany, 5 percent in China and Great Britain, and 4 percent in Japan. Stocks lost value in 42 of the 43 nations with widely followed markets; the only exception was Sri Lanka.

"It was all about blood on the wall," said Georges Ugeux, chairman of Galileo Global Advisors, who was visiting the Indian stock exchange, which fell 7.4 percent (the equivalent of a 900-point drop in the Dow Jones industrial average). "For them, this is a black Monday."

You won't like this idea at all, but I think it's the best thing for the U.S. economy. Instead of coming up with a "stimulus package" that, in reality, is nothing more than a wet band-aid, why don't we just let the markets do what the markets are going to do and suffer the ride?

Cutting rates, coming up with a stimulus package that gives people money to spend, pumping money into the economy, saving people from losing their homes, now, only to lose them later, etc, is just delaying the inevitable and making the real correction much harsher in the long term. Just, let it happen.