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  1. Vor 2 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 ...

    • Austrian (1899–1938), British (1938–1992)
  2. 23. Apr. 2024 · Historically, prevalent in the US pre the Civil War, it is now being revisited due to concerns over fiat currency inflation and central bank control. This model emphasizes real asset ownership over currency entitlement, potentially democratizing wealth and reshaping financial services. Digital wallets facilitate the secure storage ...

  3. 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.

  4. 25. Apr. 2024 · Later in the 1970s Hayek’s monograph The Denationalization of Money was published by the Institute of Economic Affairs in London, one of the many classical liberal think tanks that Hayek, directly or indirectly, had a hand in establishing.

  5. Vor 2 Tagen · The bullish recovery of the US economy has forced the Fed to raise rates, sending the dollar sky high and putting stress on dollar business all over the world. This is uncomfortable but not in ...

  6. Vor einem Tag · Nullifying the influence of money in politics is essential to repairing the American system. Their natural function as well as the revolving door incentivizes government officials to stretch their loyalties beyond that of the state and the electorate. This undermines democracy and distorts the intended function of the legislative branch. Instead of policies being made to cater to the ...

  7. 4. Mai 2024 · Friedrich A. Hayek in his Book ‘The Denationalization of Money’ (1976) argued for the end of the government’s monopoly on currency, and in one interview (first 3 min) in 1984 said: “Govs mostly abuse money and have stop its improvement, also Monetary policy has done only harm.