A Model for Economic Freedom on Mars
Jacob Haqq-Misra

TL;DR
This paper proposes a feasible model for economic freedom on Mars, emphasizing sovereignty, monetary stability, and capital ownership to support sustainable human settlement and governance in space.
Contribution
It introduces a novel economic model for Mars that combines sovereignty, full reserve banking, and diffuse capital ownership to promote stability and freedom.
Findings
Mars can maintain monetary stability with full reserve banking.
Diffuse capital ownership supports long-term political stability.
Limited interplanetary currency exchange enhances economic sustainability.
Abstract
The momentum of human spaceflight initiatives continues to build toward Mars, and technological advances may eventually enable the potential for permanent space settlement. Aspirations for sustaining human life in space must be predicated on human factors, rather than technological constraints alone, and advances in models of governance and ethics are necessary as human civilization becomes a spacefaring species. This paper presents an idealistic but feasible model for economic freedom on Mars, which is situated within a framework in which Mars has been designated as a sovereign juridical peer to Earth. Under such conditions, Mars could maintain monetary stability through full reserve banking and a restriction on exchange with any fractional reserve Earth currencies, with a volume of circulating currency that changes based on the total population within fixed capacity infrastructure.…
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Taxonomy
TopicsSpace exploration and regulation · Space Science and Extraterrestrial Life
