Mises Daily

Bitcoin is not a new form of money that replaces previous forms, but rather a new way of employing existent money in transactions.

When the State invades the right of the in­dividual to the products of his labors it appropriates an authority which is contrary to the nature of things.

April 15th is a horrible day, because it sums up all the wealth destruction called taxation that we are subjected to all year long.

Despite market monetarism’s recent popularity, nominal GDP targeting fails to achieve the end of aiding macroeconomic coordination.

While walking Seoul’s Teheran Road, one gets the impression that this is the place to be. Like New York in happier times, Seoul is a capital magnet.

Whereas in the US, conservative economists tend to hail proportionate taxation as ideal, the Thatcherites have apparently understood the fallacy of this position.

There is no doubt that bitcoin is a spontaneous answer to the monetary instability that we see all around us today.

The first lesson to be learned is not to trust pronouncements about the safety of banks.

The role of the algorithm is to ensure a declining progression of the overall stock of bitcoins, by halving the reward every four years.

The breakdown of sound money has now finally generated a cruel endgame.