Basically i posted a thread about the new Honduras private city. If you have not seen, see link.
http://www.foxnews.com/world/2012/09/11/private-city-in-honduras-will-have-minimal-taxes-government/
Basically ive recieved responses such as:
- less government = less police good luck fellas
-Hayek can suck a dick - Austrian Economics is just wrong, through and through. I'm currently writing a paper on collective perception in markets, should show how much of a douche AET is.
-it's not really a free market experience. You are taking people who made their money in different markets, and dropping a boatload of cash into an area. It's like saying "I can win monopoly without money or collecting from passing GO" when you already have hotels on all the blues, greens, and yellows. You won't know if it succeeds or not until 60 or so years when someone is born, doesn't get help from his/her parents, and we can see how far they get by time they are middle aged.
Any thoughts on this?
The last criticism is good.
less government = less police good luck fellas
Hayek can suck a dick - Austrian Economics is just wrong, through and through. I'm currently writing a paper on collective perception in markets, should show how much of a douche AET is.
-it's not really a free market experience. You are taking people who made their money in different markets, and dropping a boatload of cash into an area.
You won't know if it succeeds or not until 60 or so years when someone is born, doesn't get help from his/her parents, and we can see how far they get by time they are middle aged.
The last three criticisms aren't all that bad. This is not a good experiment as scientific proof. It might be a good economic idea, but still not a proof that capitalism will work. It's an exception, after all.
haha Here is a response to you guys, never once brought yall up
As for the Austrians, they'd forgo rapid resource allocation and the exponential improvements in our living standards since the Industrial Revolution just to avoid a few recessions. Fuck that. I'm not living in medieval squalor based on fear of relatively brief periods of economic contraction. Scurry back to a Mises/Hayek forum and debate the virtues of AET with a couple of other shut-ins that read The Road to Serfdom and now think they're economic scholars.
hahaahahahahah
I was saying Austrian economist predicted most of the economic collapse happening.
A response from a Rogan board member same one as above^^^:No they didn't. They just predict there will be business cycles including downturns in general. Which is met with a major, "No shit!" Not exactly predictive when Keynes himself said this shit would happen and provided a solution for it, i.e. counter-cyclical stimulus and austerity (both monetary and fiscal). Don't blame him that our politicians are fuck heads that can't follow through which then forces the central banks to act less conservatively than they'd like. Keynesian philosophy is sound, the people are flawed.
I'm not living in medieval squalor based on fear of relatively brief periods of economic contraction.
No they didn't. They just predict there will be business cycles including downturns in general. Which is met with a major, "No shit!" Not exactly predictive when Keynes himself said this shit would happen and provided a solution for it, i.e. counter-cyclical stimulus and austerity (both monetary and fiscal). Don't blame him that our politicians are fuck heads that can't follow through which then forces the central banks to act less conservatively than they'd like. Keynesian philosophy is sound, the people are flawed.
Genius i like your style
Lets see what he says
So i recieve a response from an earlier poster. The same poster who said F*** Hayek.
Basically i asked what books has he read by Hayek or any dealing with Austrian Economics.
His response:Road to serfdom and individualism and economic order. I do not disagree with everything he says, but I am not a fan of AET. I'm studying towards a degree in PPE and as such have come into contact with his work on several occasions. But I'm not thoroughly versed in all of his works. Just the basic logical constructs etc.
Hayek is not the only austrian economist to read from.
Theres always rothbard and mises, and many many others. bob murphy, tom woods, etc.
Tell him to expand his views before making an assertion.
“Since people are concerned that ‘X’ will not be provided, ‘X’ will naturally be provided by those who are concerned by its absence.""The sweetest of minds can harbor the harshest of men.”
http://voluntaryistreader.wordpress.org
Hayek's a good introductory economist, but Mises and Rothbard are far more rigorous in their theories.
From what I get out of this private city business, it seems like it's the exact equivelent of a Special Administrative Region of China.
http://en.wikipedia.org/wiki/Special_Administrative_Region
I honestly don't think I'd see the difference between HK and Macau and these private cities.
Thanks guys for your help