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?
This is a dangerous experiment. Remember that the city still exists within the confines of a larger sovereignty which has been plagued with poverty in large part as a result of socialistic polices, cronyism and foreign exploitation. If the Hondurans and their government are such big believers in free markets, why not free their own markets? Also, the caricature of free markets as some kind of "dangerous experiment" that has to be walled off from the rest of society is dangerous and counter-productive to the perception of what free markets are really about.
What the Honduran government really wants is an ATM machine. I think that comparisons to HK are premature and basically incorrect.
Clayton -
tom woods
Woods is a historian. I wouldn't bring him to an economics debate. I'd much rather take Hulsmann and Murphy.
Does anyone know anything about a Saudi Gold Bubble?
I am referring to a statement someone made
:The Gold market will plunge, once the right people have enough of it.
It happened to the Saudi's and the rest of the Oil rich tyrants during the last Gold Bubble...