Of course, the same solution was tried in a much bigger country and worked fabulously well, making it the richest country in the world even though they were in the midst of a great depression.
That country, of course, was the United States of America, and that solution gave us The New Deal.
Which worked. And worked. And worked.
Until the GOP and the "centrists" started to dismantle it.
And now things bite, so SOMEBODY PLEASE MAKE THEM STOP.