EconomistaAustriaco
Economista Austriaco

Austrian Economics | Bitcoin for Freedom | Nostr for Freedom of Speech
Math & Physics Thinker | Memes with a Purpose
Energy.
Node runner 🏃🏻

Every zap ⚡️ and repost 🔄 powers the fire to keep this battle alive.

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Last Notes

2026-09-09 23:28:36 UTC

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2026-09-09 23:27:10 UTC

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2026-09-09 04:09:53 UTC

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2026-09-05 20:36:55 UTC

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2026-09-05 20:36:37 UTC

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Put this in X if you want
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2026-09-05 20:32:36 UTC

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2026-09-05 19:40:01 UTC

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2026-09-05 13:28:36 UTC

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2026-09-05 03:32:20 UTC

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2026-09-04 04:52:17 UTC

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2026-09-04 03:48:52 UTC

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The economy is not a finite cake. Wealth is created through production, innovation, and voluntary exchange.
A rich person does not make others poorer by earning wealth, unless it comes from political privilege, subsidies, or coercion.
Taxation does not create a bigger cake. It merely lets politicians decide who gets to eat it.

2026-09-04 03:12:00 UTC

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💜🧡

2026-09-04 03:09:22 UTC

Make taxation theft again.

2026-09-04 01:39:49 UTC

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2026-09-03 15:11:56 UTC

Claude, chatgpt and grok are down.
Bitcoin is up.

2026-09-03 12:45:46 UTC

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2026-09-03 01:36:29 UTC

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2026-09-03 01:28:00 UTC

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2026-09-03 01:27:26 UTC

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2026-09-02 21:47:25 UTC

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2026-09-02 02:18:50 UTC

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2026-09-02 02:17:36 UTC

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What is a rebel? A man who says no.

2026-09-02 02:11:33 UTC

The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion.

2026-09-02 01:42:49 UTC

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2026-09-01 16:59:16 UTC

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2026-09-01 14:17:56 UTC

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2026-09-01 01:44:45 UTC

Florida becomes the first state to issue a statewide ban on automated license plate readers, including Flock surveillance cameras, ordering them to be removed from state highways.

2026-09-01 00:21:57 UTC

Today, EU President Ursula von der Leyen, says that people's savings accounts are a problem
and that she must put this money "to the service of European companies"
says her plan to "securitize them" and "supervise them"
They're coming for your savings, Europe.

2026-08-31 18:41:19 UTC

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2026-08-31 17:34:41 UTC

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2026-08-30 23:51:49 UTC

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2026-08-30 23:51:07 UTC

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2026-08-30 01:36:27 UTC

Carl Menger published *Grundsätze der Volkswirtschaftslehre* in 1871, and the economics profession has never fully recovered from ignoring it.
Menger didn't tinker at the margins of classical economics. He demolished the labor theory of value that had infected economic thought since Adam Smith and reached its toxic conclusion in Marx. Value doesn't originate in the hours a worker spends hammering nails. Value originates in your mind, in the mind of the individual who wants something.
This is the theory of subjective value, and it is devastatingly simple. A glass of water in Vienna costs almost nothing. That same glass in the Sahara is worth everything you own. The water didn't change. The labor to produce it didn't change. What changed is the human situation surrounding it.
Menger built his entire analysis on "goods of higher and lower order," tracing how consumer goods satisfy wants directly, while capital goods satisfy them indirectly through production chains. A sawmill (higher-order good) produces lumber, which produces your house. The value of the sawmill derives from the value you place on the house. Causation runs backward from consumer to producer, not forward from raw materials to finished product.
This single reversal demolished socialist economic planning before the Soviet Union even existed. Prices communicate real human valuations across an entire economy. Menger proved this in 1871. Central planners still haven't read the memo.
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2026-08-28 22:56:26 UTC

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2026-08-27 19:19:59 UTC

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2026-08-26 17:35:43 UTC

When central banks set interest rates at zero, they transfer wealth from savers to debtors. Full, deliberate, systematic transfer. You worked, you saved, you deferred consumption, and the Federal Reserve then decided your discipline should subsidize someone else's leverage.
Consider what a savings account earned between 2009 and 2015: functionally nothing. Chase and Wells Fargo offered 0.01% annually on standard deposits. Inflation ran at roughly 1.5 to 2% per year during that stretch. So your purchasing power shrank every single month you "played it safe." The reckless borrower who bought a fifth rental property in Phoenix with cheap debt saw his asset values climb. You, the careful one, got quietly robbed.
Central banks manufacture artificially low rates to encourage borrowing and spending, because mainstream economists treat consumption as the engine of growth. Sound money advocates have explained for decades why this inverts reality: production precedes consumption, and capital accumulation requires genuine saving, not fabricated credit.
The retiree on a fixed income who depended on CD returns in 2012 did not have the luxury of rotating into speculative assets. She needed yield. She got approximately nothing. Meanwhile, hedge funds borrowed cheap dollars and bought everything that moves.
By suppressing the interest rate, the Fed destroyed the market's most important price signal. Capital flooded into misallocated ventures. Zombie companies stayed alive through cheap refinancing rather than dying as they should. The Fed deferred the economy's reckoning while picking your pocket to do it.
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2026-08-25 21:01:14 UTC

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2026-08-25 20:58:19 UTC

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2026-08-25 01:05:08 UTC

Life creates extremely organized structures, but it does so by consuming energy and releasing heat and waste into the environment. It does not violate entropy, it creates local order at the cost of increasing total entropy.
Improbable structures require work to persist.

2026-08-24 19:41:56 UTC

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GM ☀️

2026-08-23 14:21:23 UTC

3D Print
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2026-08-23 13:06:54 UTC

The smaller the government, the wealthier the people.

2026-08-23 13:03:59 UTC

Rome didn't fall because of barbarians. It fell because emperors couldn't stop spending money they didn't have.
The process was mechanical. Roman armies were expensive. The legions demanded pay, the frontiers demanded fortification, and the grain dole demanded perpetual subsidy. When tax revenue fell short, emperors did what every desperate government does: they debased the currency. The denarius, once nearly pure silver under Augustus, contained just 5% silver by the reign of Gallienus in the 260s AD. They shaved the coins, mixed in base metals, and still called it money. Prices responded accordingly. Monetary inflation causes price inflation, whether it happens in Rome 2000 years ago or in 2026.
You'd have watched this in real time as a Roman merchant. The goods sitting in your warehouse cost you the same labor and transport to acquire. But the coins arriving in payment bought less each month. Diocletian's Edict on Maximum Prices in 301 AD attempted to cap inflation by law, threatening death for anyone charging above the mandated rates. Sellers simply withdrew their goods from market rather than sell at a loss. Price controls produced shortages. Shortages produced famine.
The spiral tightened. As trade collapsed, tax revenue fell further. Soldiers went unpaid or received debased coin they couldn't spend. Loyalty evaporated. Provincial generals raised their own armies and declared themselves emperor (there were over 50 claimants in the 3rd century alone).
Free market thinkers have always pointed to this sequence as the purest historical case study in monetary destruction. When government substitutes political will for sound money, it doesn't bend economic law. It cannot bend. The Roman state inflated its way into insolvency, controlled its way into scarcity, and taxed its way into abandonment. Rome liquidated itself.
— Handre
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2026-08-23 12:58:59 UTC

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2026-08-23 12:57:33 UTC

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GM 🤣

2026-08-21 21:52:24 UTC

A free society depends on the freedom to challenge even its most widely accepted ideas, on citizens capable of thinking critically, and, above all, on recognizing that no authority possesses enough knowledge to dictate the choices of everyone else.

2026-08-21 21:45:50 UTC

😮
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2026-08-21 14:32:30 UTC

- reply

GM ☀️💜

2026-08-21 14:32:12 UTC

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2026-08-21 14:12:04 UTC

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2026-08-21 14:11:44 UTC

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2026-08-20 14:52:27 UTC

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2026-08-19 13:09:07 UTC

Good morning, Nostr. What project would you recommend making with a 3D printer?

2026-08-19 13:07:11 UTC

Lower your time preference

2026-08-18 23:01:54 UTC

U.S. annualized interest costs hit $1.2 TRILLION.
Nothing stops this train. Buy Bitcoin!
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2026-08-18 14:54:33 UTC

Opt out
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2026-08-18 13:25:46 UTC

Ludwig von Mises favored liberalism, which was based upon the equality of each person before the law. Today, elites are seeking a regime in which the law is written and enforced to favor one group over another.

2026-08-18 12:28:30 UTC

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2026-08-18 12:23:42 UTC

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2026-08-18 12:13:50 UTC

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2026-08-18 12:02:21 UTC

U.S. interest payments are now 3.3% of GDP, the highest level in history 🚨 🚨
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2026-08-17 20:20:20 UTC

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2026-08-17 20:16:21 UTC

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2026-08-17 20:11:33 UTC

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2026-08-16 14:39:24 UTC

Murray Rothbard gave you the tools to dismantle the state in its own language, and he did it with a smile.
Consider his observation that "the State is a gang of thieves writ large." Not inflammatory rhetoric: a precise description of an institution that extracts resources through threats of violence, then congratulates itself for providing "services" you never requested. Rothbard stripped the ceremonial robes off government and showed you the mugger underneath.
His insight on taxation cuts equally deep: "There can be no such thing as 'fairness in taxation.' Taxation is nothing but organized theft." You feel the clarity immediately. Every politician who promises a "fairer tax code" is promising to redistribute your property more elegantly.
Rothbard also wrote, "Freedom of speech is meaningless unless it means the freedom of the person who thinks differently." Civil liberties divorced from economic liberty collapse into performance.
He wrote prolifically from the 1950s until his death in January 1995, building an entire architecture of thought. The man never hedged, and that discipline produced ideas sharp enough to still cut through 2026's consensus thinking without breaking a sweat.
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2026-08-16 14:38:39 UTC

The real GOAT.
Ludwig von Mises rebuilt economics from the foundation up, and a comparison to Einstein is not flattery: it is a structural observation about what each man did to his field.
Einstein rewrote physics by showing that measurements of space and time depended on the observer's frame of reference. Mises did something comparably radical in 1912 with The Theory of Money and Credit, then again in 1920 with the socialist calculation paper, and definitively in 1949 with Human Action: he showed that economic calculation is impossible without private property in capital goods, because prices emerge only from voluntary exchange. The Soviet planners in Moscow were not making policy errors you could fix with better data. They were attempting something logically incoherent, the way you cannot find a square root of a color. Stalin murdered millions chasing a mathematical phantom that Mises proved impossible before the Soviet state was even ten years old.
What separates Mises from most geniuses is the range. Einstein worked physics. Mises worked epistemology, monetary theory, capital theory, business cycle theory, and political philosophy simultaneously, weaving them into a single coherent system. His 1922 book Socialism predicted the collapse of every centrally planned economy with the precision of a structural engineer predicting which wall bears load. The Berlin Wall fell in 1989. The Soviet Union dissolved in 1991. The math was settled in 1922.
The state, being an institution that lives by compulsion rather than consent, cannot tolerate this kind of clarity. Governments fund universities. Universities employ economists. Those economists publish papers justifying central banking, redistribution, and regulation, because tenure flows toward conclusions that flatter power. Mises spent years teaching in Vienna without a paid university position, funding himself through the Chamber of Commerce. He was excluded not because he was wrong, but because clarity about power's limits threatens the institutions that distribute tenure.
You want to rank intellectual giants; let's rank them by what they overturned and what they built in its place. Mises overturned classical economics, demolished the theoretical case for socialism, and constructed a complete science of human choice on aprioristic foundations. Einstein, asked about Mises by journalist Henry Hazlitt in the 1940s, expressed genuine admiration. The greatest physicist of the 20th century respected the greatest economist. The tenured mediocrities who ignored Mises respected neither.
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2026-08-12 00:50:40 UTC

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2026-08-11 21:33:08 UTC

Most of those preaching “equality” are only interested in casting off specific inequalities that don’t benefit them to replace them with new inequalities that do.

2026-08-11 18:08:02 UTC

When Hayek won the Nobel Prize in 1974, he did something unusual: he questioned whether economists should be given a Nobel Prize in the first place.
At the Nobel banquet, Hayek said that if he had been consulted about creating the prize, he would have advised against it.
His concern was the authority the award could confer on economists. It could lead politicians, journalists, and the public to treat an economist as an expert on subjects far beyond his area of competence.
Hayek suggested that Nobel laureates should at the very least take an “oath of humility,” promising not to speak beyond the limits of their knowledge.
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2026-08-11 13:47:52 UTC

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2026-08-11 12:36:06 UTC

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2026-08-11 11:52:00 UTC

The 2008 financial crisis did not appear out of nowhere. It was manufactured, step by step, by the Federal Reserve, Congress, and a constellation of Wall Street banks who all correctly understood that the government would socialize their losses.
Start with the Fed. After the dot-com crash in 2000, Alan Greenspan dropped the federal funds rate from 6.5% down to 1% by 2003 and held it there. That rate was artificially cheap credit, flooding the banking system with money that had no corresponding real savings behind it. Banks, mortgage originators, and ordinary homebuyers responded exactly as you would expect: they borrowed. Heavily. Fannie Mae and Freddie Mac, two government-sponsored entities with implicit federal backing, purchased and securitized trillions of dollars in mortgages, signaling to every lender on Earth that the credit risk ultimately sat with the taxpayer. Lenders stopped caring whether borrowers could repay. Why would they? They were selling the risk upstream immediately.
The instruments got exotic fast. Mortgage-backed securities, collateralized debt obligations, CDOs-squared: layers of complexity designed not to manage risk but to obscure it from ratings agencies like Moody's and S&P, both of which stamped AAA on paper that was, in plain terms, garbage. Free market economists who studied credit expansion had warned since the 1930s that artificial booms create the very busts governments then claim to be rescuing you from. Washington ignored these warnings.
By 2006 the housing market peaked. By 2007 subprime delinquencies were spiking. By September 2008 Lehman Brothers had failed, the Fed had engineered a shotgun rescue of Bear Stearns, and Treasury Secretary Hank Paulson was on his knees (literally, reportedly) in a congressional meeting room begging Nancy Pelosi for $700 billion. The Troubled Asset Relief Program passed. The Fed's balance sheet exploded from roughly $900 billion to over $2 trillion in weeks.
The people who took the risks kept their bonuses. The people who saw the crisis coming got ignored. The people who built nothing and understood nothing got bailed out with money conjured from thin air. The Fed then cut rates to near zero, held them there for years, and inflated the next bubble before the last one had even finished deflating.
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2026-08-10 23:09:40 UTC

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2026-08-10 23:09:17 UTC

Murray Rothbard sat down and wrote Man, Economy, and State in 1962, and produced what remains the most rigorous reconstruction of economic theory from first principles ever attempted by a single human mind. You should treat this book the way physicists treat Newton's Principia: as the foundational text that reordered an entire field.
Rothbard starts from one irreducible fact. Humans act. From that single axiom, he builds price theory, capital theory, production structure, and monopoly theory, all without a single econometric regression in sight. He systematically demolishes the case for government intervention by showing how each distortion generates further distortions, cascading outward until someone eventually calls for another intervention to fix the previous one.
Rothbard separated himself from contemporaries like Samuelson through intellectual courage. Samuelson dressed mathematics up as economics. Rothbard did the harder thing: he reasoned carefully from human behavior.
Power and Market, published alongside the main volume, extended this into devastating critiques of taxation and regulation. Read both. Together they form an education that most graduate programs in 2026 still quietly avoid assigning.
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2026-08-10 23:07:14 UTC

The @lnp2pbot bot has shut down due to massive AI-powered attacks.
El bot @lnp2pbot ha cerrado por ataques masivos con IA 😢

2026-08-10 17:53:40 UTC

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🙌🏽😅

2026-08-10 17:43:44 UTC

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I did it yesterday 😅. Any recommendations on how to get the most out of it?

2026-08-10 14:11:30 UTC

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2026-08-10 12:26:57 UTC

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2026-08-10 12:23:17 UTC

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2026-08-09 19:03:30 UTC

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🫡 And thank you too!

2026-08-09 17:16:42 UTC

The Road to Serfdom, Hayek’s most famous work, is a warning about how central economic planning erodes and ultimately destroys freedom.
Attempts to run the economy collectively, however well-intentioned, push society down the path to authoritarianism.
Central planning requires the government to make countless decisions — what gets produced, where resources go, whose needs take priority, etc.
Since people all have different needs and goals, enforcing such a plan inevitably means overriding the choices of individual citizens.
The process feeds on itself: more planning requires more control, and more control means less individual freedom. What begins as an effort to manage the economy ends with the state exercising power over every aspect of people’s lives.
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2026-08-09 01:57:19 UTC

The intellectual case against Marxism was won more than a century ago. The most rigorous and devastating blows came from the Austrian School of economics – but the strange part is that hardly anyone is taught the winning arguments.
Carl Menger’s subjective theory of value, developed in the 1870s, undermined the labour theory of value on which Marx built his entire system. Eugen von Böhm-Bawerk then delivered a systematic demolition of Marx’s economics, exposing the contradictions in the theory of surplus value and the so-called transformation problem. Ludwig von Mises went further still, demonstrating that rational economic calculation is impossible under socialism because without private property and market prices there is no way to allocate resources efficiently. Friedrich Hayek later extended this into the knowledge problem: the information required to run a complex economy is dispersed and cannot be centralised. And Murray Rothbard showed how Marx misunderstood the nature of capitalism by replacing voluntary exchange and entrepreneurial creation with a false theory of exploitation based on labour value and class conflict.
These were not minor objections. They struck at the theoretical foundations of Marxism and, in the case of Mises and Hayek, correctly predicted the chronic waste, shortages, and eventual collapse of socialist economies. History confirmed their arguments on a civilisational scale.
Yet in universities, media and political debate, these critiques remain marginal. Marx is still widely taught as a serious economist and social theorist. His errors are softened, historicised, or treated as interesting starting points. The Austrian responses are rarely given equal weight. Students can pass through entire programmes in the social sciences without encountering Böhm-Bawerk’s critique or Mises’s calculation argument in any depth.
This neglect is not accidental. It reflects a deeper intellectual preference for theories that pathologise markets and legitimise expanded state power. The result is a public discourse that continues to recycle Marxist categories long after their economic foundations were shown to be unsound. The cost of that selective memory is still being paid.
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2026-08-08 20:34:03 UTC

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Yes forkmonitor.info/nodes/btc

2026-08-08 20:32:39 UTC

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#nevent1q…505w

2026-08-08 20:23:06 UTC

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2026-08-08 20:18:40 UTC

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2026-08-08 20:07:13 UTC

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2026-08-08 16:57:39 UTC

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2026-08-08 16:22:01 UTC

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2026-08-05 02:05:44 UTC

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2026-08-04 21:32:05 UTC

Imagine Covid Lockdowns but with Flock Cameras

2026-08-04 19:11:14 UTC

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2026-08-04 17:00:39 UTC

31 years ago, Bitcoin legend Hal Finney posted the first challenge to break 40-bit encryption.
Adam Back and three others cracked it a month later.
Encryption is built upon the shoulders of giants performing decades of research and development.
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2026-08-04 15:08:08 UTC

Milton Friedman:
“Nobody spends somebody else’s money as carefully as he spends his own. But also, in order to spend somebody else’s money, you first have to take it away from them.
That means that force is at the very bottom of the modern paternal state.”

2026-08-04 14:24:26 UTC

My New Passphrase
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2026-08-03 11:47:51 UTC

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2026-08-02 20:46:29 UTC

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2026-08-02 20:45:56 UTC

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2026-08-02 14:39:27 UTC

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