Home Forums General Discussion Denationalisation of Money by Friedrich A. Hayek – read online : 9780255362399

Viewing 0 reply threads
  • Author
    Posts
    • Cherie Williams
      Guest
      Post count: 2609

      Denationalisation of Money
      by Friedrich A. Hayek

      Denationalisation of Money · READ MORE

      • Language: english
      • Genres: economics, finance, politics, philosophy, business
      • Author: Friedrich A. Hayek
      • Release date: December 19, 1990
      • Publisher: Institute of Economic Affairs
      • ISBN: 9780255362399 (0255362390)
      • Format: paperback, 136 pages

      About The Book

      The government monopoly of money must be abolished to stop the recurring bouts of acute inflation and deflation that have become accentuated during the last seventy years.Abolition is also the cure for the more deep-seated disease of the recurring waves of depression and unemployment attributed to ‘capitalism’. The monopoly of money by government has relieved it of the need to keep its expenditure within its revenue and has thus precipitated the spectacular increase in government expenditure over the last forty years. Abolition of the monopoly of money would make it increasingly impossible for government to restruct the international movement of men, money and capital that safeguard the ability of dissidents to escape oppression. These four defects — inflation, instability, undisciplined state expenditure, economic nationalism — have a common origin and a common cure: the replacement of the government monopoly of money by competition in currency supplied by private issuers who, to preserve public confidence, will limit the quantity of their paper issue and thus maintain its value. This is the ‘denationalisation of money’. Money does not have to be ‘created’ legal tender by government: like law, language and morals it can emerge spontaneously. Such ‘private’ money has often been preferred to government money, but government has usually soon suppressed it. So long as money is managed by government, a gold standard, despite its imperfections, is the only tolerable safe system: but it is better to take money completely out of the control of government. In a world governed by pressures of organised interests, we cannot count on benevolence, intelligence or understanding but only on sheer self-interest to give us the institutions we want. The insight and wisdom of Adam Smith stand today. The proposal is not a minor techicality of finance but a crucial reform that may decide the fate of free civilisation. The urgency of competition in currency requires to be demonstrated to the public by a Free Money Movement, comparable to the Free Trade Movement of the nineteenth century. In the third edition of his classic, Professor Hayek argues that the problem of recurrent inflation is due to government monopoly provision of money, competition being the solution.

      Paperback Denationalisation of Money Friedrich A. Hayek. PDF book Denationalisation of Money read on iPhone on Books-a-Million. Online ebook Denationalisation of Money by Friedrich A. Hayek buy reader. FB2 ebook Denationalisation of Money download on Audible. MP3 Denationalisation of Money read online for PocketBook on Barnes & Noble.

      EPUB book Denationalisation of Money by Friedrich A. Hayek buy cheap. FictionBook book Denationalisation of Money for PC on Book Depository. TXT Denationalisation of Money Friedrich A. Hayek download. Hardcover ebook Denationalisation of Money on Booktopia. MOBI ebook Denationalisation of Money by Friedrich A. Hayek buy on iOS.

      Hardback book Denationalisation of Money Friedrich A. Hayek read Android. EPUB Denationalisation of Money download on IndieBound. Hardback ebook Denationalisation of Money read online. FictionBook book Denationalisation of Money by Friedrich A. Hayek on iPad on Bookshop. Hardcover Denationalisation of Money buy cheap for Mac.

Viewing 0 reply threads
Reply To: Denationalisation of Money by Friedrich A. Hayek – read online : 9780255362399
Your information: