Bankster Roubini Attacks Austrian Economists : EconomicPolicyJournal.com: - 1 views
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Austrians view the IMF etc. as bankster enforcers, who exist for one reason and one reason only, to ensure that the banksters are paid. Austrians view the current increased taxes, as part of austerity programs in PIIGS countries, with horror, and as the state taking by force from the people and handing the funds to the banksters.
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Rather than banksters getting paid, Austrians would rather see the the PIIGS countries go into bankruptcy, default on their debt and free the people.
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Treasury default is the Austrian solution, not phony "austerity" programs of tax reform, aka tax increases, and government programs that are "paid for" by shuffling imaginary cuts in to later years.
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Cut to the chase explanation of Austrian economics: Banksters and their IMF collection arm want to roll over the sovereign debt of EU nations (PIIGS), subsidized by tax paying citizens. The Banksters want the Sovereign debt of a few nations "nationalized" so that the loses are shared by the entire EU - and taken off the Bankster books. The Austrian economics handbook says that these Sovereign debters should go into default immediately, and declare bankruptcy. The Banksters should take the hit for making the bad loans in the first place. No bailouts. 75% of German tax payers support the Austrian plan!