Operation Hope

Austrian economists are usually the only ones who advocate against government intervention once a bubble has burst.

Jim Sinclair of jsmineset.com wrote a short post on the proposed intervention called "Operation Hope." He correctly points out that: 

Project Hope will not, cannot and should not try to cure a problem that simply must work its painful self through the economy which is the only true economic process of sorting out bad debt.

Further intervention will only cause further distortions. Looks like that's exactly what we're headed for.