"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Is Default the Solution?
"The fastest way to fix this mess is to see tens of millions of homeowners default on their mortgages and other debts, and millions more file for bankruptcy."
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Gary North:
"...Here it is: Keynesianism's bait and switch. Usually, it is applied to thrift. It is called the paradox of thrift. If everyone saved more, we are told, it would cripple the economy. But the point of the free market is that individuals decide. They do not make the same decisions at the same time...
http://lewrockwell.com/north/north1032.html