I applaud the SEC's courageous move to ban short selling. Isn't that brilliant? I wonder why they didn't think of that during the Great Depression.
However, I feel that this valiant effort does not go far enough.
All selling of stocks should be banned. Once you buy a stock, you have to hold it forever.
Sure, this might make the market a little less liquid. But once stock prices can only go up, we'll all be rich!
Or maybe we should just try something simpler: pass a law making it illegal for stock prices to go down.
"Actually, if we didn't have fiat money that can be printed at will"
What sort of currency system would that be? Like the current one, only it would be illegal for the executive to order the printing of more money than needed to replace worn out bills and coins? Or did you have something more radical in mind?