X Kingdom Faced Economic Crisis!!!

Once upon a time some thousand years back a country X faced serious economic crisis resulting financial and banking institution failures, massive unemployment, trade crisis that slashed kingdom revenue. King and his chief minister were worried about moving economy. All solutions they brought were failed rather deepened further. Entire kingdom was sleepless. Worried King ordered the ministries "Perceiving economic down turn I decide to invite all the economists and ministers for their suggestions to overcome the deepening crisis and find solutions. Suitable idea will be rewarded".

All invitees attended to give their views to soften economic situation. Some favored stimulus packages to financial instructions, manufacturing industries to avoid lay offs and some adhered to job creation through public spending on educational institutions, roads, energy, health care and etc; some favored to arrest inflation and make essential commodities within reach of population so the living cost is managed and do not come in defaulters, some said regulation for stock market and banking institutions. Last man looking idiot was mum. When chief minister did not hear from him he pointed figure towards him asked "Hey you! Do you have any idea come give us" Last man in hesitation stood and for a while looking at all the honorable guests saying "I am not as strong economist as you all. Nevertheless, I have something childish that I wish to bring to your attention and began an idiotic speech:

"Stimulus packages are not for people, they are for industries, executives and Politicians!!! We need solution which can stimulate consumption of individuals to boost industrial production and soft loan to industries so can meet demand. Public spending on roads, energy, construction, schools and etc; for job creation is a solution but we have to identify which sectors caused massive lay offs. Would government invest in those sectors? If practical the idea is better. Would unemployed be able to Find jobs in sectors opened by kingdom? How many unemployed are illiterate, semi-literate and literate? Are they from production or service sectors? Would kingdom be able to consume or would they be eligible or willing to work in constructions, schools, and etc: If companies which lay off employees are eager to consume at lesser wage it would be fine to encourage them and rebate in taxation to both of them would be fruitful stimulation package. The third point is arresting increased cost of living. Artificial price escalation of essential commodities is real worry. Finding solutions would put an end to disaster happenings. Major causes of escalation of essential commodities may be futures trading or speculative trading for fast bucks by rich sectors without resizing that extreme hike would become obstacle to economic movement of citizens. Need to have productive sectors through research and development so investments are not in speculative trades."

After a little pause and hesitatingly said "I have a Tiagra (An instant stimulator idea stronger than Viagra). Celebrate kingdom day that comes after 11 months. Introduce lottery ticket for the celebration involving entire population. Start issuing from rich to low income group so higher price from rich class. Prize of a ticket would be items produced in the country from Luxury cars to Rugs and curtains. More you buy more chances to win prizes. Prepare industries to full fill requirements for nation's celebration. Population encouraged by gaming instinct people will move buying and selling".

Each one involved in the gathering laughed at him and remarked "Oh give me break!!!!! He wants us to sell lottery tickets and want us to become ticket vendor". "What a stupid idea from an idiot".

What in your opinion would be right choice for instant job creation in the country. Was that idiot right or wrong to bring idea to highly intellectuals and economist of that kingdom?

Stock market rise or fall may be a good or bad economy indicators to a country but for citizens the issue is inflated essential commodity prices and unemployment crisis, these are the urgent issues each nation has to take care. London G20 meeting and allocation of funds to developing or developed nations is long term and by the time it comes in effect many more lay offs and poverty. Second point is how much of G20 allocated fund would reach the citizens in this corrupt world.