Why in the world are libertarians running around demanding government return to a gold standard? I have a couple of questions for libertarian goldbugs in the Ron Paul camp. 1. What possible motivations would government ever have for doing so? 2. What makes anarchists think the government would ever listen to their pleas? The answer…
The Economics Of Bitcoin – Doug Casey Gets It Wrong
by Michael Suede •
Doug Casey of Casey Research recently conducted an interview where he spoke about Bitcoins to Louis James, Editor of the International Speculator. In the interview, Casey makes a few claims that had me yelling at my computer screen. It is important to remember that Casey has a vested interest in promoting a gold standard. His company, Casey…
Against The Gold Standard
by Michael Suede •
After reflecting upon the recent articles I have written where I have defended the new peer-to-peer currency called Bitcoin from attacks by gold standard advocates, I feel it is time stop taking a defensive role and make a few offensive jabs at the much vaunted gold standard. In my articles I have spent a lot…
The Economics Of Bitcoin – How Bitcoins Act As Money
by Michael Suede •
A video reading of this article can be found here. I’m going to start off with a simple example of how and why Bitcoins act as trade facilitators and move forward into comparing when more complex transactions take place. Then I will analyze the properties of Bitcoins that make them act as facilitators of trade…
The Economics Of Bitcoin – Why Mainstream Economists Lie About Deflation
by Michael Suede •
As many of my regular readers know, I’ve already written a few articles on Bitcoin that explain why it is money. In those articles I have addressed why the inherent properties of Bitcoin give it value as a medium of exchange. One of those properties that I mentioned, but did not go into very deeply, is the…
Libertarian Goldbugs Hating On Bitcoin – Free Market Money
by Michael Suede •
Let me start off by giving you a little background as to my knowledge on the subject of monetary theory. As you can see in the header bar of this page, I’ve put together my own little online college in Austrian economics that is composed of over 150 individual lectures on economic theory by Austrian…
Scientific Censorship of Wikipedia: Magnetic Reconnection
by Michael Suede •
Update, I’ve written an article where I try to describe the scientific issues at stake in layman’s terms here. Recently I was banned from editing the magnetic reconnection page on Wikipedia after adding a criticism section to the article main page. As you will see below, the entire section is fully sourced by numerous peer reviewed…
Epic Black Hole Dispute Between Scientists
by Michael Suede •
Physicist Stephen Crothers has demonstrated Hilbert’s derivation of the field equations is incorrect. Black hole physics violates SR, which means it also violates GR. Even by the mainstreams own standards, black holes are an impossibility. SR forbids infinite point mass particles such as a black hole singularity. Further, Schwarzschild’s original paper that proposed the solution to the…
War Is Always Pointless
by Michael Suede •
After thinking about what war actually entails, I’ve come to the conclusion that it is always unnecessary. That is not to say violence is always unnecessary – as I feel people are perfectly entitled to defend themselves against the initiation of violence (to include violence initiated by the State). However, war as defined by two…
List of Federal Bureaucracies
by Michael Suede •
List of Federal Bureaucracies as of 12/2/2010 Because without them, society would implode. United States Congress Architect of the Capitol United States Botanic Garden Government Accountability Office Government Printing Office Library of Congress United States Copyright Office Congressional Research Service Congressional Budget Office Office of Technology Assessment (defunct) United States Capitol Police United States Capitol Guide Service…
