Some alternative solutions are appearing

After reading Steve Keen's insightful analysis of the causes of the current crisis, I have been waiting to see what kind of solutions he would propose. Finally he has outlined ideas such as improving support for the unemployed. I haven't read everything he has written so he may have covered this earlier, and he has hinted before that some kind of debt forgiveness maybe required. The credit crunch is certainly a tricky situation. Deleveraging is going to take a lot of money out of the economy, but how can anything else occur when private sector debt combined with household debt has reached 165% of GDP. The only way is down. Something similar to Steve Keen's proposal for letting people stay on as renters to the bank has actually occured already in the US, although not on a coordinated national scale, and it happened after a wave of foreclosures rather than as a preventative measure.