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…
Asteroid 2012 DA14: What Is An Asteroid, Anyhow?
By Michael Suede
Asteroid 2012 DA14, a 130,000 metric ton chuck of rock, will pass within 17,200 miles of the Earth on February 15th. This is a relatively close encounter for such a large chunk of rock, given the vastness of our solar system. But just what is an…
What the State is Costing You On Health Care
By Michael Suede
The free market, where neither insurance, nor the state, will pay: Rhinoplasty: average price $6,150 Breast Implants: average price $5,925 Buttocks Augmentation: average rice $5,825 Liposuction: average price $5,200 Laser Eye Surgery: average…
Oregon Proposes Ridiculous Law to Make Cigarettes Illegal Unless Prescribed By a Doctor
By Michael Suede
A new bill proposed in Oregon would make cigarettes a schedule III controlled substance, requiring  a doctor’s prescription to obtain. Of course, since doctors swear to do no harm, and because they could lose their license to practice medicine if…
Gun Control Advocates Unwittingly Want to Give Mass Murderers All the Guns
By Michael Suede
How many of us in our daily lives threaten others with violence to get them to comply with our wishes? I reckon that the majority of us don't regularly threaten people. There is a logical reason for this; when we threaten people we burn social…
Tyranny vs. Freedom: A Tale of Two Nations
By Michael Suede
There once was a man named John who lived in a place called A. The country of A was a rather dreary place. Some 200 years ago, a majority of the people of A decided that they should be able to impose their will upon a minority of citizens for the…
Peter Schiff Explains Why Stats From BLS Are BS
By Michael Suede
I believe that when Mark Twain made his famous quip about statistics, he actually had Bureau of Labor Statistic bureaucrats in mind. The U.S. government claims that the official inflation rate, known as the Consumer Price Index, has been holding…
End of the World: How Ben Bernanke Will Print Us Into Oblivion
By Michael Suede
The end of days is close at hand, so sayeth the prophets of the Mayan Calendar. Will the end come from a meteor strike? A nuclear holocaust? A deadly viral outbreak? For some reason, I doubt it. However, there is another group of prophets who have…
The Speed of Gravity: Why Einstein Was Wrong and Newton Was Right
By Michael Suede
It may surprise you to learn that the speed of gravity is something of an ongoing debate among many cosmologists today.  The textbook answer to the question “what is the speed of gravity?” is that it propagates at the speed of light. This answer is…
Liberal Lies: Why Government Regulation Makes Us Less Safe, Not More
By Michael Suede
As a person who advocates for the elimination of the coercively funded state and the supremacy of property rights, I often find myself involved in arguments over the need for inspection and regulation of food and drug products. Typically one of the…
State Secession Petitions: Why Hundreds of Thousands of Americans Want Out of the Union
By Michael Suede
In the wake of the presidential elections, petitions have been circulated on the Whitehouse.gov website advocating for the peaceful secession of numerous states. Texas seems to have the most signers at the moment, with nearly 80,000 signatures at…