We libertarians can seem a contrary bunch -- we spend much time pointing out the foolishness and dangers in so many public policy proposals and actions by the pro-government parties (the Democrats and the Republicans) -- that it can seem like we ourselves don't have any ideas to propose instead. It's not true (mainly because nobody's listening when we start explaining what *should* be done), but it can seem that way.
The governments trillion-dollar Stimulus packages these days are, regrettably, not likely to be effective -- certainly, they won't be remotely as affective as they are expensive.
So, you may ask -- what would you Libertarians do? We have to do SOMETHING!
Of course, the FIRST thing we have to do, in a crisis like this, is NOT DO THE WRONG THINGS that will just make everything worse. We have to resist being panicked into doing things that may help today but will make us very sorry tomorrow.
But in addition to that, there are things we *should* do, and this article in the Mises daily blog enumerate them. (They refer to it as "Austrian" ideas -- that refers to the school of economics that Libertarians embrace, the school of economics cofounded by Ludwig von Mises and others.)
Here is the opening paragraph, in case you hesitate to click the link above: