Michael Milano

Latest work

From Livestock to Bitcoin: “Legitimacy” and the Evolution of Money

07/17/2021 Michael Milano

Without money, specialization is constrained; without money, dreams of constructing an advanced society are merely a utopian pipe dream.

From Livestock to Bitcoin: “Legitimacy” and the Evolution of Money

07/07/2021 Mises Wire Michael Milano

Once a society embraces the division of labor, direct exchange becomes increasingly infeasible. Without money, specialization is constrained; without money, dreams of constructing an advanced society...

Let’s Level the Playing Field between the Dollar and Competing Currencies

05/27/2021 Michael Milano

Thanks to so many government restrictions on the use of potential monies that aren’t the dollar, we can only guess as to what the relationship between dollars and bitcoin would be in a functioning marketplace. But it doesn't have to be that way.

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.