Austrian Bailout
The Voices that Be are widely proclaiming the economic crisis as the failure of capitalism. Wrong: this is a failure in government-regulated markets. We only have very limited and highly regulated capitalism in the United States, and that quasi-market system is what has gotten us into this situation. The Mises Institute has released the Austrian Bailout. Austrian Bailout Package–Part A 1. Suspend Basil II regulations (to at least 4/2/09) 2. Cancel FDIC insurance on all demand deposits after 1/1/09. 3. Increase FDIC premiums on short term time deposits of less than one year. 4. Make...
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I vote as a libertarian influenced by Hayek and Burke, and I think as an anarchist guided by the biblical principles of liberty. I have fenced foil in a diaper-suit and run for political office in a skirt-suit, but my shoes were always fabulous. Both dreadful politics and inspiring design are likely to make me teary.
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