In 2013, a bitcoiner posted “I AM HODLING” on a bitcoin forum, intending to write that he was holding during a large price drop. He was explaining that most people are not successful traders and as a result they will inevitably just lose out in the process of trying to time the bear market, so instead he encouraged that bitcoiners should hold and
Think of the best football players of all time. One of my immediate thoughts is running back LaDainian Tomlinson. However, as you think about your list, ask yourself this: where do kickers like Justin Tucker (or my favorite college kickers like Jaden Oberkrom or Griffin Kell) rank? No matter who you are, odds are you thought of several running
Sometime after the turn of the century, a change began to take place. You cannot mark it precisely. It became fashionable to plant Old World seeds. They grew in soft warm places, often in the gardens of the leisure rich, and flourished in academic soil generally. There appeared in the East an intellectual cult of disaffection, with a sneer in its
This definition is used by many historians of the state, and by many within the field of political science. Rothbard, however, employees this definition to delve deeply into a better understanding of how the state affects human freedom. In doing so, Rothbard opens with an equally important concept: what the state is not . People everywhere have
Recently, Berkshire Hathaway vice chairman Charlie Munger spoke vehemently against bitcoin and other cryptocurrency , claiming, “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial
About six months ago, I wrote an article here explaining that state preemptions of local government are a bad thing—even when Ron DeSantis does it . I vehemently stand by these principles. However, it is now time for Ron DeSantis to take that principle of decentralized control and run with it—against the Biden administration. Just as it is
It’s the best time of the year: college football season. However, this is a particularly unique college football season because this year, for the first time ever, players will be able to be paid for their name, image, and likeness. This is the culmination of a long raging debate over whether or not college football players should be paid for the
With the recent lack of availability in gasoline, Joe Biden came out with a clear message against price gouging stating : I also want to say something to the gas stations: do not, I repeat, do not try to take advantage of consumers during this time. I’m going to work with governors of the effected states to put a stop to price gouging wherever it
The Mises Institute’s Economics for Business seeks to educate budding entrepreneurs in the field of economics. It is a vital service because, as I have argued previously , in order to be a successful entrepreneur, one must think like an Austrian. By its nature of trying to educate new entrepreneurs and managers, its natural competition are
The great Per Bylund has claimed that “Experienced entrepreneurs are Austrians. ” This is because they “Develop gut feel through trial-and-error,” but they “lack explanation (theory) and terminology.” In fact, Bylund goes as far as to say that “Most entrepreneurs fail most of the time often because they are not Austrians .” This makes sense
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.