An economic system is not a human biosphere, and a market correction is not the end of the world for gOD's sake. Throwing money down a rat hole does not recompense a severely failed political strategy of avoiding natural market corrections. Ultimately, it will make it worse. Let's bookmark this post and revisit the subject in 10 years.
The same assholes who got us here are now charged with our salvation. Bad juju.
An economic system certainly is a human biosphere. Everything we do is directed by or accountable to our economics.
And trying to frame "let it burn to the ground" and "market correction" as remotely the same thing is just ludicrous. The 1999-2000 Dot.Com boom/bust was a market correction. ONE sector collapsed on itself. It did not cause a global slam of the economy, with banks collapsing on every continent except Antarctica [Penguin National is holding firm].
The first thing you have to do is understand the limits of the concept of "market correction". Only after you understand that, and understand that what we have now is not THAT can you understand that we are in the burning building and it is an all encompassing conflagration that we have to either fight or watch the whole thing burn down around us. And there is no safety net to accommodate that option.
Are we pouring money into a system that is breaking, YES. Sometimes that is how you fix it. You stop a burning oil well with explosives. Who knew?
What you don't do is let it crash to zero. If you are concerned that the same assholes who got us here are now charged with our salvation, who do you think would rebuild from the ground up? How much regulation would they tie into the system and how much would they want to regain for themselves after they lost all theirs?
Give me the opportunity to avoid the deadly crash and survive any day. I can bang out the dents later.