Michael Suede

Bio

Michael Suede is an Austrian economist and author who holds a business degree from the University of Wisconsin. Michael's articles have appeared in numerous economics publications. Michael is also one of the few economists who is well versed in the economics of voluntary crypto-currencies such as Bitcoin. Michael is a veteran of the US Navy and an advocate of voluntarism. Michael authorizes the use of all his content under Public Domain copyright. Any organization or individual may freely republish, edit, modify and distribute Michael's works without restrictions.

The Less We Fear Each Other, the Less We Need the Government

By Michael Suede

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.That to secure these rights,…

The Question Libertarians Supposedly Can’t Answer, Answered

By Michael Suede

"If your approach is so great, why hasn’t any country anywhere in the world ever tried it?" writes Michael Lind of Salon.com. Supposedly this is the great impossible question which entirely refutes the efficacy of a free and voluntary organization…

These Bankers Know the Dangers Of Debt, But the Ivory Tower Won't Listen

By Michael Suede

Oh how history repeats itself. As it turns out, not all international bankers are complete psychopathic loons. The Bank of International Settlements (BIS) has come forward with a report that recognizes the extreme risk that zero-interest…

Domestic Spying: How the NSA is Watching You Through a PRISM

By Michael Suede

For those of you who are still unaware, the Washington Post and the Guardian released stories yesterday claiming that an anonymous NSA official released information to them about a secret wiretapping system called the PRISM / US-984XN. This system…

Adam Kokesh: New Footage Shows Anti-Prohibition Protester Getting Arrested For ... Well, What Exactly?

By Michael Suede

New video has emerged of anti-prohibition activist Adam Kokesh's arrest during a pro-marijuana rally in Philadelphia. The new footage contradicts police statements saying Kokesh resisted arrest and assaulted police during the rally. I've often…

Bitcoin Price 2013: Feds Seize Funds Of World's Largest Bitcoin Exchange On Dubious Legal Grounds

By Michael Suede

In the latest Bitcoin news, the largest Bitcoin exchange has had its U.S. bank account seized by Homeland Security Investigations for failing to register as a "money transmitter" in the U.S. HSI apparently had someone setup a Mt. Gox account and…

What Do Bitcoin and Mutually Assured Destruction Have to Do With Each Other?

By Michael Suede

A fascinating concept has been created by software developer Seong Yup Yoo. Yoo has created a website that allows people to exchange fiat money for Bitcoins directly with each other without having to use a third party exchange. He has accomplished…

Ben Affleck: His "Live Below the Line Challenge" is Dangerous For Americans, But Not For the Developing World

By Michael Suede

Ben Affleck was recently in the news promoting this absurd challenge to American consumers. The site challenges people to live on a $1.50 per day for five days. The site fails to mention that a $1.50 will go a heck of a lot further in a poor foreign…

Bitcoin Crash: What Happened and What Does It Mean For the Future?

By Michael Suede

A major correction in Bitcoin prices occurred this week, with the price plummeting from a high of $266 to a low of $105, last time I looked, it was back above $170 and climbing. In this article, I would like to discuss why this occurred and what it…

7 "Big Government" Laws That Failed to Strengthen America

By Michael Suede

Pierce Willans, a political science student at Seton Hall University, recently penned an article on PolicyMic that purports to demonstrate seven wonderful laws that "Big Government" has given us. I would like to address each of these claims, in…