Economic Crisis: What To Do

The short version is that I don't know what to do. I don't think most people have any idea. There's no way of telling, for sure, how bad things will get. The major players certainly aren't going to tell us how bad things are or might become. Doing so would risk scaring the crap out of the average person, and this loss of confidence would make all the problems we have now even worse. So the Powers That Be (people like Bernanke, Paulson, etc) are walking a tight rope between letting us know the gist of what's happening and not allowing the public to create a panic that makes things worse.

So what do we do? Again, I don't really know. I think the best thing we can do is just try to go about our business and do as much of what we would normally do which is fiscally responsible for us. At the same time, we should make some slight changes in our daily routine: try to drive less and take public transit or car pool more, don't buy things on credit, and perhaps save more of our disposable income. Most importantly, we can't allow ourselves to panic and try to pull our assets out. That'll only exacerbate the problem.