Are the Dutch becoming students of Austrian Economics?Submitted by Sethster82 on Thu, 09/19/2013 - 12:36
It will be interesting to see if the Dutch can stay the course in their attempt at fiscal responsibility. I think it is a heroic choice on the part of their leaders, although most likely not a popular one. I say more power to them!
Dutch King Willem-Alexander did his best to garner support for the country’s new austerity measures yesterday in a speech that proclaimed the end of the Welfare State and welcomed the beginning of a “participation society.” Speaking in defense of spending cuts that have been sharply criticized, the monarch said the second half of the twentieth century had brought about arrangements in social security and long-term care that are “unsustainable in their current form.” In the participation society, people would be responsible for their own futures, and would have to plan for financial and medical needs on their own with less help from government.