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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Shtirlitz who wrote (68312)	8/31/2007 2:16:11 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Abolish the FED, Abolish the HUD abolish Fannie Mae, Ginnie Mae, Freddie Mac, the Dept of energy, the dept of education. etc etc etc. Now that may not be possible at once. But it is possible over time. Also over time, say 10% a year for 10 years I would eliminate fractional reserve lending. I would get rid of the IRS and replace it with a flat tax or combination flat tax and consumption tax. I would end all crop subsidies and all tariffs. Trade would flourish. I would pull all of our troops home from everywhere and tell Europe and Japan to defend themselves. Again that might have to be phased to no cause sudden massive unemployment. Slowly but surely I would start dismantling government.The plan would be to let the free markets fend for themselves. Mish