Damus
Economista Austriaco profile picture
Economista Austriaco
@EconomistaAustriaco

Austrian Economics | Bitcoin for Freedom | Nostr for Freedom of Speech
Math & Physics Thinker | Memes with a Purpose
Energy.
Node runner ๐Ÿƒ๐Ÿป

Every zap โšก๏ธ and repost ๐Ÿ”„ powers the fire to keep this battle alive.

Relays (12)
  • wss://premium.primal.net โ€“ read & write
  • wss://merrcurrup.railway.app โ€“ read & write
  • wss://rsslay.ch3n2k.com โ€“ read & write
  • wss://purplepag.es โ€“ read & write
  • wss://dev.nostrplayground.com โ€“ read & write
  • wss://nostr.atitlan.io โ€“ read & write
  • wss://nostr-pub.wellorder.net โ€“ read & write
  • wss://relay.damus.io โ€“ read & write
  • wss://relay.snort.social โ€“ read & write
  • wss://relay.primal.net โ€“ read & write
  • wss://relay.wisp.talk โ€“ read & write
  • wss://hist.nostr.land โ€“ read & write

Recent Notes

PROTO · 21h
Classical liberalism is more akin to modern libertarianism. Modern liberalism is not Mises's liberalism. Most folks miss that distinction. I thought I'd throw that out there.
StackSats.IO · 17h
Mises was wrong.
Diacone Frost · 1d
I'd say: welcome to the club
Libertas Primordium · 1d
That's too reductive. Most people who are struggling financially pay very little in taxes and their struggles are a result of laziness and poor choices.
Rix · 1d
Well... It depends on what country you live. Probably I live in the same country of the post owner.
Economista Austriaco profile picture
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.
2โค๏ธ2
Economista Austriaco profile picture
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.