Listen to the Audio Mises Wire version of this article. The Venezuelan government recently announced that its Administrative Service for Identification, Migration and Foreigners (SAIME) is now accepting bitcoin as a payment method for passports. The problem with that is that bitcoin is not anonymous but pseudonymous. To interact with any
“Russia, Russia, Russia,” the current president used to sarcastically chastise opponents for wondering about 2016 election tinkering from Putin’s principality. Recent MAGA rallies featured “Covid, covid, covid,” with President Trump complaining that the press could think of nothing else. In investmentland, it’s “Bitcoin, bitcoin, bitcoin,” again
The title of this article epitomizes what the Austrian economist Ludwig von Mises (1881–1973) called the “sound money principle.” As Mises put it: The sound-money principle has two aspects. It is affirmative in approving the market’s choice of a commonly used medium of exchange. It is negative in obstructing the government’s propensity to meddle
El gobierno venezolano anunció recientemente que su Servicio Administrativo de Identificación, Migración y Extranjería (SAIME) está aceptando el bitcoin como método de pago para los pasaportes. El problema con eso es que bitcoin no es anónimo sino seudónimo. Interactuar con cualquier gobierno usando bitcoin es revelarles la cartera con la que
«Rusia, Rusia, Rusia», el actual presidente solía castigar sarcásticamente a los oponentes por preguntarse sobre las elecciones de 2016 en el principado de Putin. En los últimos mítines de MAGA se habló de «covid, covid, covid», y el presidente Trump se quejó de que la prensa no podía pensar en otra cosa. En el país de las inversiones, es
El título de este artículo resume lo que el economista austriaco Ludwig von Mises (1881-1973) llamó el «principio del dinero sólido». Como dijo Mises: El principio del dinero sólido tiene dos aspectos. Es afirmativo al aprobar la elección del mercado de un medio de intercambio comúnmente utilizado. Es negativo al obstruir la propensión del
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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.