I agree with your points, except of phrasing of one thing. >populace that's becoming increasingly demanding of bailouts Its corporations that setup that syste

I agree with your points, except of phrasing of one thing. >populace that's becoming increasingly demanding of bailouts Its corporations that setup that system and those are sole beneficiary of the system. Now days you cannot default on student debt even if you are working in completely different area. Corpos eat up all profits in times of prosperity, and in times of crisis all they do is cry for bailout money. Which they will promptly get, award the ceo for their cunning skills and move on. That is the problem, the business model of too big to fail. That is straight out rent seeking. And that is the problem. Bloated 'too big to fails' copros are holding nations as hostages. Allowing them to act like they are 'too big to fails'. > Its not clear this spending will actually stimulate economy in the same way building interstate highways, airports, nuclear power, etc. in the 50s did. This is another clear example of current insanity. Building infrastructure was the solution, it worked. It gave money to the bottom guy, who spend it locally allowing small business to stay afloat further propping up confidence in spending. But now only solution is to shower fire with money in hopes that eventually it will die down.