The pinnacle of entrepreneurship is “Uberizing” your respective industry. Grab surplus-value and create a new business out of it. Airbnb is the Uber for sleeping. There’s an Uber for dog walking. It’s a pretty clear formula, that, if done right, is clearly profitable. Libertarianism has an analogous formula for producing a freer world. No, it isn’t Gary Johnson. It isn’t even Ron Paul: it’s WikiLeaks.
Econintech is a libertarian think tank in Venezuela, one of the only of its kind. They were the first organization to promote Bitcoin as a means of helping combat hyperinflation and advocate for free markets and sound banking. I had the pleasure of interviewing Dr. Rafael Acevedo and Luis Cirocco, the founders of Econintech, alongside 71 Republic’s Vice President of Operations, Indri Schaelicke, at the Mises Institute in Auburn, Alabama. We discussed the roles of Bitcoin and gun control in the Venezuelan crisis, what Americans can do to help, and whether or not there is any glimmer of hope for the socialist country. A transcript (lightly edited for clarity) and audio file of the interview are both below.
Jeff Deist is the president of the Mises Institue. The institute was founded by Murray Rothbard and Lew Rockwell and is located in Auburn Alabama. He was kind enough to sit down with 71 Republic’s Mason Mohon and Tom DiGennaro to talk about the impact of socialism on students, libertarian strategy, and the situation of libertarianism today. You can find Jeff Deist on Mises.org and on Twitter. Below is an audio recording of the Jeff Deist interview along with a transcript.
The days where people could freely mine and use cryptocurrencies in India may be over. According to reports, a committee has advised the Indian government to ban the use of cryptocurrencies inside their territory. Without a doubt, dark days lie ahead for Indian enthusiasts.
On Wednesday, July 17, the United States finally put away Joaquin “El Chapo” Guzman, for good. The drug kingpin had an extensive criminal history, with convictions ranging from mass distribution of cocaine to conspiracy to murder 26 people and groups. Since a judge found him guilty in February, he has been in detention in Manhattan. At the hearing, he complained about the inhumane treatment that the feds gave him while awaiting his grim fate. He specifically noted that he was “denied access to air and sunlight and was “forced to drink unsanitary water”. But compared to the peaceful libertarian entrepreneur and Silk Road creator Ross Ulbricht, El Chapo got off easy.