Forbes.com lists 7 better ideas for $700 billion in an article posted at MSN Money. Good ideas for the most part, but it still shares the same flawed idea: that the fed needs to spend that money in the first place.

It could be the "Austrian" in me, but if the money were to be spent for all that Forbes identifies, I'd like to all the dollars be private.

Even for the "infrastructure"? You bet, bid out contracts to build and manage highways and bridges. Yes, it will involve tolls, but at least when you drop the coins into the toilet bowl you can see where it's already gone.