We couldn’t be more for this. In fact, last year we suggested a very similar idea. We said:
Detroit is crashing badly. It can’t pay its bills. It basically can’t even function. It has little to lose at this point. How about we declare Detroit an economic “free-zone.” No taxes, private everything, and see how it does. I’m not kidding. Why not let the market do its thing and revitalize the city, or at the very least help it convert from open economic sore, to a net contributor. It sits right at the Canadian border. This is a huge advantage for trade. What does it have to lose?
If Detroit is able to do what Senator Paul suggests Detroit will bloom.
Detroiters, it’s right there for the taking.
This post appeared at Against Crony Capitalism