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*'''[[Bitcoin]]''' is an open source peer-to-peer electronic cash system developed by Satoshi Nakamoto. The system is decentralized with no central server or trusted parties. Users hold the cryptographic keys to their own money and transact directly with each other, with the help of the network to check for double-spending. | |||
*'''[[Intellectual property]]''' is [[property]] in [[ideas]] or patterns. Intellectual property laws are a grant of [[legal privilege]] to originators of ideas, giving them a legal [[right]] to [[initiate]] [[force]] against anyone making use of the idea without the permission of the originator of that idea. | *'''[[Intellectual property]]''' is [[property]] in [[ideas]] or patterns. Intellectual property laws are a grant of [[legal privilege]] to originators of ideas, giving them a legal [[right]] to [[initiate]] [[force]] against anyone making use of the idea without the permission of the originator of that idea. | ||
*''''[[Regime uncertainty]]'''' is a factor behind the continuing drag on economic growth in the United States. | *''''[[Regime uncertainty]]'''' is a factor behind the continuing drag on economic growth in the United States. | ||
Revision as of 18:57, 14 November 2010
- Bitcoin is an open source peer-to-peer electronic cash system developed by Satoshi Nakamoto. The system is decentralized with no central server or trusted parties. Users hold the cryptographic keys to their own money and transact directly with each other, with the help of the network to check for double-spending.
- Intellectual property is property in ideas or patterns. Intellectual property laws are a grant of legal privilege to originators of ideas, giving them a legal right to initiate force against anyone making use of the idea without the permission of the originator of that idea.
- 'Regime uncertainty' is a factor behind the continuing drag on economic growth in the United States.
- The Quarterly Journal of Austrian Economics's mission is "to promote the development and extension of Austrian economics and to promote the analysis of contemporary issues in the mainstream of economics from an Austrian perspective."
- The Mises Academy, founded 2010, is the online teaching service of the Mises Institute.
- Frederic Bastiat's "parable of the broken window" is a clear example of the law of unintended consequences, and demolishes the argument that destruction of property leads to economic growth.