The Grand Duchy of Courtania.
Care of Obernews guest blogger Adrienne Aldredge, I am able to pass on the Free State Project and move here. New Hampshire sounds lovely and all, but how often are you given the chance to design your own country. This is excellent because so many times I voice my pragmatic concerns of the mutual implementation of free market ideal and temper it with a comment like "But if I was to start my own country..."
UN Category: Capitalizt
Civil Rights: Superb
Economy: Thriving
Political Freedoms: Average
Location: The North Pacific
The Grand Duchy of Courtania is a tiny, socially progressive nation, remarkable for its absence of drug laws. Its hard-nosed, hard-working population of 5 million enjoy some of the most opulent lifestyles in the region...The tiny government juggles the competing demands of Commerce, Social Welfare, and Education. Citizens pay a flat income tax of 2%. A powerhouse of a private sector is led by the Furniture Restoration, Woodchip Exports, and Arms Manufacturing industries.
Granted, we have a few issues we're working such as the fact that our police force struggles against a lack of funding and a high mortality rate. However, we anticipate the combination of few laws and good-natured Darwinism should promptly solve any problem of private force may face.
Private enterprise runs the majority entire country, from roads to schools. The few public laws are clearly defined in the constitution, with further agreements sorted with contract law and adjudicated privately. There is no welfare, no rent control, no subsidies, no infant industry tariffs. We are free traders who enjoy our comparative advantage in lumber related industries. Prices are set by the market, period. One hopes the Grand Duchy will be able to avoid a lot of problems other developing countries face because we have firmly established private property rights, the institutions necessary for broader economic growth, and a tightly restrained government.
It also helps that our national currency is the cookie. I like cookies.
Care of Obernews guest blogger Adrienne Aldredge, I am able to pass on the Free State Project and move here. New Hampshire sounds lovely and all, but how often are you given the chance to design your own country. This is excellent because so many times I voice my pragmatic concerns of the mutual implementation of free market ideal and temper it with a comment like "But if I was to start my own country..."
UN Category: Capitalizt
Civil Rights: Superb
Economy: Thriving
Political Freedoms: Average
Location: The North Pacific
The Grand Duchy of Courtania is a tiny, socially progressive nation, remarkable for its absence of drug laws. Its hard-nosed, hard-working population of 5 million enjoy some of the most opulent lifestyles in the region...The tiny government juggles the competing demands of Commerce, Social Welfare, and Education. Citizens pay a flat income tax of 2%. A powerhouse of a private sector is led by the Furniture Restoration, Woodchip Exports, and Arms Manufacturing industries.
Granted, we have a few issues we're working such as the fact that our police force struggles against a lack of funding and a high mortality rate. However, we anticipate the combination of few laws and good-natured Darwinism should promptly solve any problem of private force may face.
Private enterprise runs the majority entire country, from roads to schools. The few public laws are clearly defined in the constitution, with further agreements sorted with contract law and adjudicated privately. There is no welfare, no rent control, no subsidies, no infant industry tariffs. We are free traders who enjoy our comparative advantage in lumber related industries. Prices are set by the market, period. One hopes the Grand Duchy will be able to avoid a lot of problems other developing countries face because we have firmly established private property rights, the institutions necessary for broader economic growth, and a tightly restrained government.
It also helps that our national currency is the cookie. I like cookies.
3 Comments:
You could start your Duchy buying an island.
http://www.marginalrevolution.com/marginalrevolution/2004/05/auctions_in_eve.html (look the link at the end of the post)
I like that currency. Hmm. But, what about deflation?
Nicolas
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Our Federal Reserve will have a strict eat to bake monetary policy. While designing my ideal country, I flirted with the thought of privatizing currency. Seemed like a good idea, since money has evolved through the spontaneous order of interactions of a many buyers and sellers hoping to overcome the drawbacks associated with bartering (transaction costs, imperfect information, matching mutual desires) I thought people could match preferences with flavors, valuing say a peanut cookie higher than an Oreo. I started thinking the problem is, even private cookies have are like paper money- in unlimited supply. The quantity of cookies/paper money is not controlled by the market forces of supply and demand (like a precious metal would be) but instead by the private ovens/state.
But I digress, in the event of deflation or inflation, the issue will be handled by a handpicked team of bright young economist trained to eat and bake.
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