Unintentionally Hilarious Monetary Quote of the Day

11/10/2013 Mises Wire Peter G. Klein

From a Chicago Fed paper on crypto-currencies:

Although some of the enthusiasm for bitcoin is driven by a distrust of state-issued currency, it is hard to imagine a world where the main currency is based on an extremely complex code understood by only a few and controlled by even fewer, without accountability, arbitration, or recourse.

HT: ZeroHedge, via Tom DiLorenzo.

What Is The Mises Wire?

Mises Wire offers contemporary news and opinion through the lens of Austrian economics and libertarian political economy.

Submitting articles to Mises Wire

Reprints, Permissions and Copyrights

The views expressed on Mises Wire and mises.org are not necessarily those of the Mises Institute.

Subscribe to the Mises Wire RSS feed

Latest Articles

Disaster Prediction and Alerts Would Thrive in the Free Market

08/23/2025 Mises Wire Daniel Sterbuleac

People assume (including most mainstream economists) assume that only a government bureaucracy can effectively deal with predicting disasters and alerting people in harm's way. However, this is an area of enterprise that is ripe for free markets.

The Tariff Question in the Antebellum South

08/22/2025 Mises Wire Wanjiru Njoya

While many historians claim slavery was the sole cause of the Civil War, they are overlooking the role of tariffs in creating the economic and political divides between North and South before the war began.

If Employment Is So Strong, Why Is McDonald’s Slashing Prices?

08/22/2025 Mises Wire Ryan McMaken

This is all a reminder that one should never take what Fed mouthpieces say as reliable insights into present or future economic trends.

Charles A. Beard on the Causes and the Perils of Interventionism

08/22/2025 Mises Wire Joseph Solis-Mullen

Since the Progressive Era, American foreign policy has seen one military intervention after another, leading to disastrous consequences. Historian Charles A. Beard understood the dangers and futility associated with these interventionist policies.

Lincoln’s Distortion of the Declaration of Independence

08/22/2025 Friday Philosophy David Gordon

In the Gettysburg Address, Abraham Lincoln offered an interpretation of the Declaration of Independence which reinterpreted a declaration of secession into a justification for crushing secession.

Meet the Writer

Peter G. Klein

Peter G. Klein is Carl Menger Senior Research Fellow of the Mises Institute and W. W. Caruth Chair and Professor of...

War, Taxes, and the National Science Foundation

08/21/2025 The Misesian Peter G. Klein

Scientists have been transformed into grant hunters, and that gives them lots of incentives to lobby for even more federal funding. So, scientists themselves are among the most up in arms at the proposed cuts to federal research funding among universities today.

Origins of the National (Military) Science Foundation

05/19/2025 Peter G. Klein

Peter Klein uncovers the hidden costs, cronyism, and political agendas behind the National Science Foundation and federal research funding.

Subscribe to our Mailing Lists

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.

Become a Member