Denationalisation of Money: The Argument Refined (An Analysis of the Theory and Practice of Concurrent Currencies Series))
| Author | : | |
| Rating | : | 4.89 (775 Votes) |
| Asin | : | 0255362390 |
| Format Type | : | paperback |
| Number of Pages | : | 136 Pages |
| Publish Date | : | 0000-00-00 |
| Language | : | English |
DESCRIPTION:
An essential read on Laissez-faire money alockard@gmu.edu Nobel laureate F. A. Hayek makes a powerful case that government involvement in providing a medium of exchange (money) is neither necessary nor beneficial. In fact, government provision of currency is a threat to both liberty and financial stability. Hayek points out that governments have everywhere and always undermined the value of their currencies to reap revenue through inflation. He argues, convincingly, that the best hope for sound money lies in competi
Abolition is also the cure for the more deep-seated disease of the recurring waves of depression and unemployment attributed to 'capitalism'.. In this groundbreaking work, first published in 1976, Friedrich von Hayek argues that the government monopoly of money must be abolished to stop recurring bouts of inflation and deflation