What to do in a depression? Have a Nude Eel, that's what worked last time round. Elect a president who can't walk instead of one who can't think. Drive ancient model T's to Cannery Row, ride the rods and play the hoboe. If the depression turns into an Atlantic Depression and comes over here, we'll have to march from the Dowie Dens of Jarrow and widen the Grand Union Canal again. George Orwell could go back to working in Paris kitches.

My bet is that what they'll really do is start a round of inflation to wipe out the value of the debts, or rather transfer the debts from investors' accounts to Joe and Jenny Public's, and wipe out all those bothersome pensions that gave them the money to p*** up the wall in the first place.