More Austrian politics wrapped in the language of economics.
Problems with blaming "entitlements" for national bankruptcy in this article:
1) Doesn't include Missing Trillions from the Pentagon:
http://www.cbsnews.com/stories/2002/01/29/eveningnews/main325985.shtml2) Doesn't take into account Trillions of dollars spent on pointless wars over the past 20 years.
3) Endless subsidy of nearly 0% interest loans to Wall St. banks.
4) Loves CDS (Credit Default Swaps) which are effectively insurance without any capital to back them up which used to be legal and still should be which had a huge role in the collapse and bailout.
5) Never considers any tax changes or increases to shore up whatever deficit these programs have.
But of course that's not a problem for him, because Austrian economics are often used in our modern time for the justification of the looting of what remains of our government. The reason they preach that the sky is falling with regards to Medicaid and Social Security is that they don't want to pay for Medicaid (the rich) and they want to loot Social Security and privatize it.
I really don't know where to begin with your reply, but I would initially like to point out that your assertions are quite disingenuous.
If you would like to reply to the articles in my post, please do - but if you choose to ignore them and place your own accusations and political agenda upon a false reply, it only reflects poorly upon yourself and your positions.
First, your opening accusation "More Austrian politics wrapped in the language of economics" is incorrect in more than one way.
1. The correct phrasing would be "More libertarian politics wrapped in the language of Austrian economics".
2. While Hummel does incorporate some Austrian positions in economics, he is not an Austrian economist, his personal economics (from his own explanation) incorporates neo-classical positions as well as others.
Regarding your "entitlements" rundown:
1. There may be trillions of dollars missing from the Pentagon and I am sure the Author shares your dislike.
2. The Author does not support state-sponsored wars (why do you phrase the question in an accusatory way?)
3. Again, you phrase your question in an accusatory way, as if the Author supports this action.
4. In which article does the Author support CDS?
5. I'm sure a $.02 National sales tax will take care of that... - /sarcasm