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
The vast majority of Mises Wire readers are already familiar with the Austrian business cycle theory. For those who are not, it is an Austrian perspective on what causes the sudden general cluster of business errors that results in a boom-bust cycle, with the busts being the recessions or depressions that we as a society so dread. Murray Rothbard
Listen to the Audio Mises Wire version of this article. A major hurdle to the adoption of bitcoin is that while the average person may be at least open to the idea that fiat money is not the ideal, they still struggle to see a difference between fiat money and cryptocurrency. And this lumping together is not just held to the average adopter
Listen to the Audio Mises Wire version of this article. On March 10, 2021, Florida Governor Ron DeSantis signed Executive Order #2021-65 . This order remits fines imposed by local governments in regard to covid-19 restrictions. While Governor DeSantis is considered somewhat controversial among wider audiences due to his handling of this past
Cicero wrote of a king by the name of Damocles . He served in the court of Dionysus, and after acknowledging his envy of Dionysus’s lifestyle, Dionysus challenged him to try taking on the lifestyle for himself. At first, Damocles is taken by the royal lifestyle; however, during one of his feasts, Dionysus hung a sword above Damocles that was held
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
Recently here on Mises Wire, Sammy Cartagena wrote a brilliant article demonstrating that Two Percent Inflation Is a Lot Worse Than You Think . In it, he demonstrates that the manageable 2 percent inflation year over year we all have gotten used to is a whole lot less manageable than we tend to think. But in it, he also cited explaining that “over
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
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.