Grexit: 10 Step Program to Full Recovery

Sure, it's a great thing that Greece voted OXI. But their governments positive program is socialism. The left everywhere are cheering this as a victory for democratic socialism. I'm happy that Greece gave the finger to the EU fascists - but Greece needs to embrace open markets if it's to drag itself out of the hole it's in. Varoufakis knows this, but the Greek government are embracing a full-blown socialist system of government ownership. Capital controls are in place, and this will prevent any growth in the economy. They likely won't relax those controls in the short term, because such controls are necessary according to their screwy economic theory.

So in short, this is a great result - but Greece isn't much closer to prosperity.

So here's a libertarian solution to this socialist mess:

10 Step Program to Full Recovery

1. Return to the drachma. Float the currency on the open market. Limit its growth per Friedmanian principles to forestall inflation.

2. Remove all capital controls. Offer immediate swaps for euros to drachmae.

3. Immediately slash military, intelligence, unemployment, and jobs program spending by 50%. Immediate reduction of all elected officials' salaries by 20%.

4. Repudiate all foreign debt immediately.

5. Remove all tariffs and subsidies.

6. Immediately initiate totally free international trade. Announce willingness of the Greek state to establish trade treaties with anyone, particularly BRICS, but not excluding the EU.

7. Drastically cut or eliminate all licensing regulations internally.

8. Immediately impose a 10% flat tax nationwide on individuals and businesses. EDIT. Announce that government will be entirely funded by this tax, ceasing its reliance on bond sales.

9. Privatize all utilities and public services with the exception of healthcare, education, social security, and law enforcement.

10. Change the national motto to: "Greece is open for business."