Along with discussion on the wonders of printing money, this article also suggests the following;
"In the budget, the chancellor should announce two measures to encourage borrowing and spending. There should be income contingent mortgages, so that repayments automatically adjust to borrowers' fluctuating incomes and home equity can be insured. And he should also announce a job guarantee for every unemployed individual out of work for more than a year.
In other words, come what may, there will be work and you will be able to service your mortgage. Do all this and the economy will stabilise next year. But what a price we have all paid for bankers' freedoms."