Learn Austrian Economics in one X post: 1. Humans act. Every choice a person makes traces back to an incentive, a trade-off, a cost weighed against a benefit. Remove the incentive and the action stops. Distort the incentive and the action warps. Tax income at 90% and watch producers stop producing. Subsidize failure and watch failure multiply. The behavior follows the reward structure, always. 2. Value exists only in the mind of the person choosing. A glass of water is worth nothing to a drowning man and everything to a man dying of thirst. No central authority can calculate this, because it changes with every individual and every circumstance. Nothing has value in itself, only the degree to which humans choose to value it. Diamonds and even gold only carry value because humans decided they do. 3. Money does not come from a government decree. It emerged spontaneously when traders needed something durable, divisible, and widely accepted to escape the limitations of direct barter. Gold won that competition across centuries and across dozens of independent civilizations because the market, not a ministry, chose it. Fiat currency is the state hijacking that evolved institution and replacing it with paper backed by nothing but a legal threat. Every central bank on earth operates on this model right now. 4. Wealth does not fall from the sky. A farmer who eats his entire harvest produces nothing next season. The farmer who saves seed, plants it, and specializes in what he grows best accumulates a surplus. That surplus is capital. Capital funds everything that comes after. Consumption without prior production is just burning down the furniture for warmth. Every welfare state eventually reaches this point. 5. Strip private property rights and production collapses. A farmer will work his own land until midnight. That same farmer, working collective land, stops at noon. The Soviet Union ran this experiment across seventy years and killed tens of millions, proving the point. When you cannot own the outcome, you do not produce the outcome. 6. Voluntary trade generates wealth from nothing but mutual preference. When you pay twelve dollars for a meal, you value the meal above twelve dollars; the restaurant values twelve dollars above the meal. Both parties walk away wealthier in real terms. No politician, no regulator, no bureaucrat added anything. Protectionism destroys this. The 2018 US steel tariffs raised steel prices for American manufacturers, killed more jobs in steel-consuming industries than existed in steel production itself, and transferred wealth from productive firms to a protected few. 7. Ludwig von Mises identified inflation as a tax. Every dollar the Federal Reserve creates without corresponding production dilutes every dollar you already hold. The new money flows first to the government and its contractors, who spend it at current prices. By the time it reaches you, prices have already risen. The US M2 money supply grew from roughly 15 trillion dollars in January 2020 to over 21 trillion by early 2022. Consumer prices followed. Your savings took the loss. 8. Prices carry information. A price spike tells producers to produce more and tells consumers to use less. It coordinates millions of strangers without a single central command. Interfere with that signal and the coordination breaks. Rent control in New York City is the cleanest example. Cap rents below market and landlords stop maintaining buildings, stop building new ones, and convert units to other uses. The people rent control was supposed to help pay the price through collapsing supply. 9. Interest rates are the price of capital over time. When the Federal Reserve pushed rates to near zero between 2008 and 2022, it told every investor that capital was nearly free. Businesses built projects that only made sense at zero percent. When rates normalized, the projects failed. The 2022 collapse of the US tech sector and the crypto market were not random events. They were the correction of a decade of artificially cheap capital. The business cycle is not a mystery of capitalism. Central banks manufacture it. 10. Bureaucrats face no profit and loss. A businessman who misallocates capital goes bankrupt. A bureaucrat who misallocates capital writes a report requesting more funding. The feedback loop that disciplines markets simply does not exist inside a government agency. The US Department of Education has spent over a trillion dollars since 1980. Literacy rates have not improved. No one at the department has been bankrupted by this outcome. 11. Every producer inside a local market holds knowledge that no bureaucrat in a capital city can replicate. A wheat farmer in Kansas tracks soil moisture, futures prices, local equipment costs, his specific buyer relationships, and a hundred other variables simultaneously. That knowledge lives in the price he sets. Friedrich Hayek called this tacit knowledge in 1945. The Soviet central planners ignored him and spent fifty years proving him correct, producing chronic shortages of goods that private markets coordinate effortlessly. No model, no algorithm, and no committee can compress what millions of independent actors know into a single plan. 12. Every government intervention produces effects you see and effects you don't. You see the road the state builds. You don't see the factory the tax dollars never funded, the job that never existed, the innovation that never happened because capital was extracted at gunpoint and redirected by bureaucrats with no skin in the game. Take the 2009 Cash for Clunkers program. Congress destroyed 690,000 working cars, handed dealers a short-term spike, and you saw the sales numbers. The used car market was stripped of affordable inventory, pricing working-class buyers out for years afterward. 13. Prices, supply chains, and language itself coordinate millions of strangers without any central planner issuing a single command. That coordination is spontaneous order: complex, functional patterns that emerge from individuals pursuing their own goals under rules they did not collectively design. No committee holds the dispersed local knowledge required to replicate what voluntary exchange produces every second. Watch how English evolved. No king designed its grammar. Millions of speakers across centuries adopted words and structures that worked, dropped ones that didn't, and produced a language richer than any bureaucrat could have engineered. Central planners who believe they can replicate that process with price controls or production quotas destroy the feedback mechanism that generates the order in the first place. Thanks for reading this long post! What would you add to this list?

De lo que ha surgido, los puntos importantes que se repiten son varios. ¿Que consideran es lo MÁS importante asegurar para nuestros “TPSianos” al regresar? 1. Empleo formal 2. Crédito y vivienda 3. Acompañamiento y guía 4. Trámites y documentos

It’s time to make America the crypto capital of the world. @POTUS and the current administration have done an excellent job of moving us towards this. Now we need to get Clarity done.

En @Prosperahn estamos pensando en formas en las que podemos ayudar a mitigar el impacto negativo de esto y, de hecho, convertirlo en una oportunidad masiva de ganar-ganar. Doy la bienvenida a todas las ideas constructivas. Comentario o DM. Honduras: SI SE PUEDE!

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Wow! Honored to be part of this select group. The world we have inherited was architected centuries ago. Thxs to the support of VCs like NIV we get to challenge old paradigms and rebuild where needed - and we must! Onwards towards greater Liberty Prosperity! + @TravisScher

In June, members of Fearless Journeys and I sat down for lunch on the island of Roatán with @erickbrimen, the founder & CEO of @prosperahn — and the conversation didn't stop for more than three hours. That lunch kicked off seven nights together in Honduras, and the trip ended up telling a story of Honduras in three acts: The FUTURE — at Próspera, a 1,200-acre enhanced economic zone on the island of Roatán where entrepreneurs from around the world are testing a bold idea: that better rules create better lives. The PAST — at the Mayan ruins of Copán, where sixteen kings wrote their history in stone. The Hieroglyphic Stairway holds over 2,200 glyphs — the longest text of the ancient Americas — and it was the first Maya site I've visited where you can walk through tunnels INSIDE the pyramids. The PRESENT — in San Pedro Sula at the FIMVA conference, alongside leaders from banks and stock exchanges across Central America. The region's capital markets are a fast-growing story most Americans never hear about. And in between? We counted more than a dozen fried chicken restaurants on a single mile of road. Hondurans love their fried chicken — and they love Americans. Everywhere we went, people went out of their way to welcome us. Not long ago, Honduras had one of the highest homicide rates in the world. Today the country has transformed — and we felt safe everywhere we went. Travel dispels lies and reveals truths. You can read more about our full experience — the people, the history, and yes, the fried chicken — in the new Fearless Journeys Substack piece here: fearlessjourneys.substack.co…

La Ceiba fue el corazón industrial de Honduras. Puede volver a serlo. El nearshoring y el puerto de Satuyé podrían cambiarlo todo. Te explicamos cómo. 🇭🇳 #Próspera #Honduras #Nearshoring #LaCeiba

On the island of Roatán, off the coast of Honduras, a company called Próspera runs something the textbooks say cannot exist: a functioning jurisdiction where governance is a service you purchase rather than a burden you inherit at birth. The mechanism is elegant. You sign an agreement with the platform, pay a flat annual fee (around $260 for Hondurans, $1,300 for foreigners), and in exchange you get a legal system, dispute resolution, and a regulatory menu you actually choose from. Businesses select which country's regulations they want to operate under. A clinic can opt into Arizona medical rules. A builder can pick from a set of international codes rather than wait for a bureaucrat in Tegucigalpa to stamp a form. The contract binds Próspera too, which is the part statists never understand. When the ruler signs the same document as the ruled, arbitrary power gets expensive. This is Paul Romer's charter city idea stripped of its World Bank chaperone and handed to private capital. Honduras passed the ZEDE law in 2013 under President Juan Orlando Hernández. Próspera opened in 2020. The residents came. The capital came. Then the politics arrived. President Xiomara Castro's government repealed the ZEDE framework in April 2022, and Honduras now faces Próspera in international arbitration with a claim that reached $10.775 billion, roughly a third of the country's GDP. Consider what that tells you. A nation of nine million people torched a project that promised jobs and foreign investment, then discovered that breaking contracts with people who read contracts carries a price. The lesson here is old: property rights and legal predictability produce development. They are not luxuries you enjoy after development. Hong Kong under British common law went from fishing rocks to financial capital on exactly this insight, no natural resources required. Próspera's enemies call it a colonial enclave for the rich. Odd, then, that the cheaper residency tier is reserved for the locals, and that the whole point is letting a poor Honduran opt out of the sclerotic system that kept his grandfather poor. Governments hate exit. Próspera is exit made legal, priced, and voluntary. Watch which side blinks.

Miró al cielo y se hizo la pregunta que lo cambió todo: ¿qué hay más allá de la Tierra? Con 10 años, André Mejía representa a Honduras ante la NASA y hoy es embajador de Próspera. Su sueño: que más niños hondureños miren al cielo con curiosidad. Episodio completo en Prosperity Tales.

Vino por dos semanas y terminó quedándose a vivir. Nelly Pineda buscaba en Honduras algo que solo había visto afuera: un lugar para crear, construir y desarrollar ideas. Lo había intentado hace 10 años en San Pedro Sula. Acá lo encontró.

"Somos más que playa." Indira Fox dejó Naciones Unidas para contarle al mundo lo que Honduras tenía y nadie estaba mostrando. Fueron los mismos isleños, con fondos propios, los que salieron a promover Roatán en ferias internacionales. Su historia completa, en Prosperity Tales.

Venezuela has suffered a tragedy yesterday as most know by now. Anyone willing to help please DM me. Thanks!

Ceiba 2050? 🤭

.@BernieSanders , it is a time to celebrate. @elonmusk has created enormous value for society by building @SpaceX, driving down the cost of rocket launches and creating a global satellite communication network that has brought high speed, low-cost internet and communication access to hundreds of millions and eventually billions of people along with critical advantages for our military and our nation’s defense. SpaceX and its technologies will cause an acceleration in the growth of wages and wealth creation globally, including in some of the poorest communities in the U.S. and around the world. Access to low-cost, high speed communications everywhere will allow children around the world to be educated, families to build businesses, and life-saving medical knowledge and care to be available everywhere. SpaceX will materially bring down the cost of compute, advancing AI and humanity. Meanwhile, 4,000 SpaceX employees yesterday became millionaires, including hourly wage employees who you claim you are trying to help. The Elon Musks of the world drive growth, global GDP, and provide access to goods and services at lower cost that would otherwise not exist. Elon’s nominal trillionaire status is due to his ownership of SpaceX, Tesla, Neuralink, the Boring Company and his other initiatives that have brought new technologies that improve our everyday lives. Elon is not sitting on a trillion dollar pile of cash, jewelry and gold. He is using his controlling stakes in his companies to advance mankind. Elon’s companies don’t pay dividends. They reinvest all of their capital to accelerate innovation and value creation. Elon is working 24/7 for all of us. He deserves respect and appreciation, not smears. Bernie, your socialism would never allow a SpaceX to be built. Socialism has only proven to impoverish mankind and lead to death and destruction. We need to create the conditions for more SpaceXs to be built, not attack the great entrepreneurs who are helping to advance our country.