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B. T. Donleavy

B.T. Donleavy is a foreign-exchange specialist in New York City. He has worked at several Fortune 500 companies and he advised Michael Moore on the effects of loose monetary policy for the film Capitalism: A Love Story.

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The Education Bubble

B. T. Donleavy

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The Education Bubble

05/12/2010 Mises Daily B. T. Donleavy

"The risk associated with loan obligations are shifted to the taxpayer. Consequently, the act removes obligation and creates a moral hazard with the creation of a virtual backstop."

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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.

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