How Bitcoin embodies the core principles of classical liberalism as outlined in Ludwig von Mises' "Liberalism" (1927).
The parallels are striking and show how Satoshi may have created the most Austrian money ever conceived.
Mises argued that true liberalism rests on private property rights as the foundation of civilization. Bitcoin takes this further - it's the first form of money that is truly, mathematically private property. No government can print more, seize it easily, or devalue it through inflation.
"The program of liberalism is: property, freedom, peace" - Mises. Bitcoin delivers on all three: absolute property rights through cryptography, freedom from monetary authorities, and peace through removing the state's ability to fund wars via money printing.
Mises emphasized that sound money is essential for economic calculation and rational decision-making. Bitcoin's fixed supply of 21 million coins creates the ultimate sound money - immune to political manipulation and central bank interference.
On government intervention, Mises warned that each intervention creates problems requiring more interventions. Bitcoin sidesteps this entirely by being permissionless and decentralized - no central authority exists to "intervene" in the first place.
Mises believed that free markets naturally tend toward peace because trade creates mutual benefit. Bitcoin creates a global, borderless market for value transfer that operates 24/7 regardless of political tensions or trade wars.
"Liberalism is rationalist" - Mises valued logical consistency over emotion. Bitcoin's protocol is pure rationality encoded in math - it doesn't care about politics, emotions, or special interests. It simply executes the rules as programmed.
Mises argued that capitalism and private ownership lead to the most efficient allocation of resources. Bitcoin's proof-of-work mining creates the most efficient network security system, where resources naturally flow to the most productive miners.
On individual liberty: Mises saw economic freedom as inseparable from personal freedom. Bitcoin gives individuals complete control over their wealth - no bank holidays, capital controls, or frozen accounts. Your keys, your coins, your freedom.
Mises warned against the dangers of socialism and central planning. Bitcoin is the antithesis of central planning - it's a spontaneous order emerging from millions of individual decisions, creating a robust, self-organizing system.
"The gold standard is the only honest money" - Mises understood that hard money prevents government overreach. Bitcoin improves on gold by being perfectly scarce, instantly transferable globally, and impossible to confiscate through force.
Mises concluded that liberalism offers the only path to human prosperity and peace. Nearly a century later, Bitcoin provides the monetary foundation for his vision - a tool for individual sovereignty that no state can control or corrupt.
Canada's job market just hit a wall. 66,000 jobs disappeared in August alone.
Here's what Statistics Canada's latest report reveals:
- Second consecutive month of employment decline
- Unemployment jumped to 7.1% the highest since 2016 (outside the pandemic)
- Professional services got hammered, losing 26,000 positions
- Of those who lost jobs in July, only 15.2% found new work by August
The broader picture is even more concerning:
Ontario, BC, and Alberta are leading the losses. Youth unemployment sits at a staggering 14.5%. Students faced their worst summer job market since 2009. Nearly 1 in 10 Canadians want more work but can't get them. A third of people working multiple jobs say they're just trying to cover basic needs.
This isn't a blip, it's a trend. And when your government's economic policies consistently weaken your purchasing power while jobs disappear, you need a Plan B.
Smart Canadians are already building their defense: Saving in Bitcoin, an asset that can't be printed away by the Bank of Canada or devalued by failed fiscal policy.
Don't let Ottawa's weakness become your poverty.
ETF buyers: You bought the idea, not the asset
You now have exposure to bitcoin…
But you don’t actually own any!
You bought the idea of the asset wrapped in paperwork, managed by institutions, and settled somewhere else on your behalf
Let’s be clear:
There’s a massive difference between holding bitcoin and holding a promise that someone else is holding it for you.
You can’t move it, you can’t spend it, you can’t self-custody it and you can’t take it across borders, store it on a hardware wallet, or use it in a peer-to-peer transaction.
The very reason Bitcoin exists is to remove middlemen, to eliminate counterparty risk and to let you be in control of your value!
Bitcoin is about sovereignty
ETFs are about convenience
This isn’t to dunk on ETF buyers, exposure is a step forward and it gets Bitcoin into portfolios that couldn’t access it before.
But let’s not confuse that with ownership!
You can’t withdraw your ETF to cold storage, you can’t send it to a friend in another country and you can’t escape a banking freeze with it!
You’re still playing inside the same old game with a new ticker symbol.
Owning bitcoin means holding your money, on your terms!
Study bitcoin.
Not your keys, not your coins!
