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Phew, I don't care about ideologies. I just like ruining millions of people's lives.

"Government generated perverse incentives and distorted information led to imprudent private decisions followed up with massive government interventions that produced additional perversities in the incentive structure and distortions in the economic signals." I agree with Boettke, when the government creates perverse incentives regarding riskiness of investments, you can expect risky decisions, planning on a bailout (which they got). Perhaps Chicago Schoolers, but the Austrians had no hand in this.

I agree with Montag. This isn't laissez failure. This is privatizing the gains and socializing the losses—a freakish amalgam of systems. It could only have come about through bad government. Here in Canada, we're almost as capitalist as you (and our money just as imaginary) yet we have not had a single bank failure. It starts by having sensible monetary policy and stone-cold opposition, at the highest levels, to socializing banks' losses.

Don't get me wrong, I like a little socialism. The state has to put a price on externalities and help those most in need. But making the public pay for private failures is insane. Pure capitalism and socialism are both opposed to that. Your government has produced the worst outcomes of both systems. Maybe after all you should kill the plutocrats. Not me though. I'll be up here, enjoying Canada's superior civic system.

If there's one overarching recommendation I can make, it's this: do things that work. For everything you want to do, see if it's been tried in other countries. Pay close attention to how it worked out for them. Look at where the best outcomes are being acheived, and copy those systems.

^_^

Is the waiting list for health care in Canada as bad as I have heard?

Lol. The Austrian school has been predicting this for quite awhile now and yet the statists now blame them.