Bitcoin and Unbreakable Law

Editor’s Pick. Written by Jacob Lyles. Imagine that you were entertaining a business deal with a man with an supernatural ability to make two kinds of promises: 1) promises that are impossible for him to break and 2) ordinary, breakable promises. Why would you accept anything other than the unbreakable promises from him? If he…

The Paradox of Imperialism

Editor’s Pick. Written by Hans Hoppe. The State Conventionally, the state is defined as an agency with two unique characteristics. First, it is a compulsory territorial monopolist of ultimate decision-making (jurisdiction). That is, it is the ultimate arbiter in every case of conflict, including conflicts involving itself. Second, the state is a territorial monopolist of…

The Economics of Bitcoin

Editor’s Pick. Written by Robert Murphy. Bitcoin is an ingenious peer-to-peer “virtual” or “digital currency” that challenges the way economists have traditionally thought about money. Its inbuilt scarcity provides an assurance of purchasing power arguably safer than any other system yet conceived. But to understand these claims, one must first understand the basics of Bitcoin.…

Why You Should Run Away

Editor’s Pick. Written by Paul Rosenberg. One of the more instructive experiences of my life occurred when was when I was a teenager, barely sixteen years old. My dad, whom I had previously considered to be incredibly over-protective, put me on a cross-country bus and sent me, alone, to visit my grandmother, some two thousand…