Free Markets

Supporters of the principle need not worry.The objections don’t hold up.

Should President Obama ignite an even more horrific war on drugs, à la Ronald Reagan, or should he take a different path?

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.

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

The crash was said to prove how destructive “unregulated capitalism” could be and how dangerous its supporters were.

What sanction, in morals, does the State adduce for the taking of property?

Thorsten Polleit delivered a speech at the Austrian Economics Re