Alex Tabarrok suggests a few things we could do instead of massive “stimulus” spending, such as an investment tax credit or a supply-side stimulus, but his third recommendation seemed to make more sense, a payroll tax cut, since the primary goal seems to be to reduce unemployment, and his fourth recommendation seems to make the most sense, but it’s a political non-starter: don’t panic. This is the policy that has cured most recessions, he points out.