Can Free Market Economics Fix Detroit? (VIDEO)

by Austin Petersen

Detroit Today is the Dream of Progressivism

Harry Veyser is an economist at the University of Detroit Mercy. He believes that Detroit worked best when it was bottom up. Veyser talks about how Detroit used to have the highest standard of living in the world. There was no income tax, no inheritance tax and all the money that was made went back into the community. Now, it’s almost impossible to succeed on your own there.

WATCH: MSNBC – Hey Teabaggers! Move to Detroit! It’s a libertarian paradise like Somalia!

3085_1packard_4__detroit_2012_6134255Veyser attributes the fall of Detroit in 1961, with the passage of the cities income tax. The city now has the highest taxes in the state and the zones the government created made crime pockets all over the area. With the increase of taxes and crime, people moved out.

Unions, the central government and the federal government all thought that central planning would help the city grow. But it didn’t quite pan out that way, as we see today. In the video from Reason TV below, Dr. Veyser gives his prescription for restoring growth to the once-glorious motor city.

“It’s not going to come back from government planning. It’s going to come when they get out of the way.”

Austin Petersen is a homegrown Missourian with a lifelong passion for liberty. He grew up on a horse farm in Peculiar, Missouri and went on to attend Missouri State University, graduating with a degree in the Fine Arts. After developing a career in media in both New York City and Washington, D.C., he returned to Kansas City, MO, the city he now calls home. In 2016, Petersen appeared on the national stage as a candidate for president of the United States. He took second place in the crowded Libertarian primary behind Governor Gary Johnson and ahead of cyber security maverick John McAfee. During his campaign, Petersen earned many high-profile conservative endorsements, including Mary Matalin, Erick Erickson and Leon Wolf of RedState.com. Petersen also brings decades of professional experience in a wide variety of fields, from content production and media to business and political activism. He is the owner and chief executive of Stonegait LLC, a consulting firm specializing in photo and video services. He was also the director of production at FreedomWorks and an associate producer for Judge Andrew Napolitano’s show “Freedom Watch” on the Fox Business Network. Additionally, Petersen has a national following as a commentator and professional pundit. He is the founder of The Libertarian Republic, a powerful online news source for the public that receives an average of 1 million unique visits monthly and whose podcast, The Freedom Report, receives an average of one million monthly downloads. He is also a frequent contributor on television, appearing on Fox News, Fox Business, CNN, MSNBC and on dozens of local radio shows.