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  1. 21. Mai 2024 · Amid the inflation crisis of the 1970s, the Austrian School economist F. A. Hayek presented a radical proposal to solve inflation: the denationalization of currency and the introduction of competing currencies into the monetary system. While Hayek's proposal proved too radical for mainstream economists, Hayek found support within the ...

  2. 7. Mai 2024 · In a nutshell, Hayek, in his “Denationalization Of Money” calls for putting an end to the state’s (or government’s) monopoly of money production, replacing it by a free market in money. At first glance, this seems to be a rather radical proposal.

  3. Vor 3 Tagen · For instance, Lawrence H. White argued in favor of free banking in the spirit of Hayek's "Denationalization of Money". Along with market monetarist economist Scott Sumner , [273] White also noted that the monetary policy norm that Hayek prescribed, first in Prices and Production (1931) and as late as the 1970s, [274] [275] was the ...

  4. 6. Mai 2024 · Hayek claimed that the denationalization of money is the fundamental direction of the reform of the currency issuance system, and that the replacement of the state-issued monopoly money by the private bank-issued competitive money (i.e., free money) is the ideal currency issuance system.

  5. Vor einem Tag · The discussion of whether money should be issued by public or private institutions has a long tradition. For example, this has been intensively discussed by Friedrich August Hayek’s book Denationalization of Money (Hayek, 1976). One major argument against competing currencies is the high information cost, which means that for all payments ...

  6. 12. Mai 2024 · Dangers of dollar nationalism hang over the world economy. Even more serious than Fed rate rises would be a politically driven devaluation of the US currency. Adam Tooze. Add to myFT. Easy access...

  7. 16. Mai 2024 · The Future of Freedom Foundation. 7.41K subscribers. Subscribed. 0. 1 view 1 minute ago. In this week's Libertarian Angle, Jacob and Richard discuss which monetary policy would be better--a gold...

    • 34 Min.
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    • The Future of Freedom Foundation