Liberty Maven

In another great article from Robert P. Murphy at the Ludwig von Mises Institute, entitled “Do You Austrians Have a Better Idea?”, ten steps are laid out as an alternative to the Keyensian-style “stimulation” plan set forth by Obama, Geithner, Bernanke, and the rest of the gang.  Mostly, the plan includes eliminating various taxes, greatly reducing expenditures (including major reductions in military expenses), and eliminating federal agencies such as the SEC, DEA, and the Department of Education.

Naturally such are ideas aren’t politically feasible given the current batch of morons elected to Congress, but nevertheless they are badly needed.

Read the article:

A lot of people get annoyed with Austrian economists because they tend to be so dogmatic (we prefer the term consistent) and because they cloak their strictly economic claims with self-righteousness (we prefer the term morality). After a good Austrian bashing of the latest call to steal taxpayer money and waste it on something that will make a given problem worse, the stumped critics will often shout, “Oh yeah? Well do you guys have a better idea?” [Continue]