Austrian Bailout Package—Part A Suspend Basil II regulations (to at least 4/2/09) Cancel FDIC insurance on all demand deposits after 1/1/09. Increase FDIC premiums on short term time deposits of less than one year. Make interest earned (starting 1/1/09) on bank time deposits and non-governmental, non-agency, and non-authority bonds tax free (not
Austrian Bailout Package—Part A Revised The idea of my initial proposal was to “throw something onto the table” and see what the reaction would be. This revision throws out a couple of items, revises others, and tries to provide a brief explanation for the eight points of the plan. I would like to thank everyone for all their comments and
GDP was up 0.6% for the second straight quarter. If you consider population growth we are in a recession. If you consider the phony baloney inflation statistics, then we are in a recession. If you look at consumer confidence and public opinion polling we are in a recession. If you go to your local mall and talk to the store managers you will find
How do you create back alley organ transplants? Simple, just prohibit the buying and selling of human organs and then go all over the world trying to stop the market from working. Government payment for organs and control over distribution is no answer and would no doubt cause economic and ethical problems of its own. The market solution is just
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.