You wouldn’t have an economy in such terrible shape if they actually let the free market function. The reason these massive bubbles form and explode is because of their interventions. The system broke in 2008 and they kicked the can down the road. Well, we are now meeting that can and there is no more road left.
The airlines would not be so leveraged where it not for such low interest rates, courtesy of governments addicted to money printing. Do you honestly think that some government bureaucrat that created this mess will know how to get us out of it? Or that they even want to? Elected officials, actually doing what is hard and unpopular, that will likely end their bloated government salary and political career? Ha!
Hands off is the only way it should be. Intervening in moral hazard and creative destruction is central control which distorts the free market and capitalism. I thought we had enough examples of central control ending badly with millions dead, but for some reason, the lemmings continue towards that same old cliff.
As long as we continue to let popularity contest winners grow governments un-checked
into bloated, self-serving institutions, we are gonna keep finding ourselves in the same predicament.