Do You Austrians Have a Better Idea?

[5stringJeff]

Here (http://mises.org/story/3316)'s one author's attempt at the Austrian School (http://mises.org/etexts/austrian.asp)'s recommendation to fix the economic mess we're in. It's a bit tongue-in-cheek.

Among the recommendations:

Eliminate the personal and corporate income tax. Don't put in a flat tax or a fair tax or a VAT or any other cute name for a very uncute process.

Reduce annual federal expenditures by $1 trillion, by:

Eliminating the DEA and the SEC.
Cutting the Pentagon budget in half.
Eliminating the Department of Education.
Cancelling all the pending "stimulus" and other bailout packages.


Allow unrestricted immigration so long as the incoming folks had a secure job.

Abolish the minimum wage.

[Hobbit]

I like all of those except the unlimited immigration. We have to have disease control in on the process. TB and leprosy had nearly been wiped out in this country when a bunch of guys came storming over the southern border, bringing plagues with them. We also have to have at least basic screening for terrorists.

[DragonStryk72]

I like all of those except the unlimited immigration. We have to have disease control in on the process. TB and leprosy had nearly been wiped out in this country when a bunch of guys came storming over the southern border, bringing plagues with them. We also have to have at least basic screening for terrorists.

Yeah, but we're definitely too regulated on that now. I mean, seriously, it's costs nine grand american to move here from Mexico, and they nowhere the kind of money we make here, and don't have the revolving lines of credit americans do either. Actually, I like Ireland's process for it, of the ones I've seen, although they're limited by simply lack of available space on how many they can take in.