ext_21044 ([identity profile] muckefuck.livejournal.com) wrote in [personal profile] muckefuck 2005-03-22 03:04 pm (UTC)

Oh, ...I see...this survey was meant for Americans only

Primarily aimed at Americans, but by no means exclusively. Only two of the four economists listed are Americans; von Mises and Hayek, of the so-called "Austrian School", are from Central Europe. All have international reputations. It makes sense for libertarians to look chiefly to US history for inspiration since it's had a stronger minarchist and free-market capitalist tradition for longer than almost any other country. And who in the world hasn't heard of FDR?

There is no Antipodean equivalent to the FDIC, the Federal Deposit Insurance Corporation. It exists to safeguard depositers' assets in cases of banking failure.

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