Denationalisation of Money

By Friedrich A. Hayek

Book Overview

LARGE PRINT EDITION More at LargePrintLiberty.com.What if the government let anyone use a currency of his or her choosing? What if the government permitted entrepreneurs to innovate in the monetary... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 025536105X
• ISBN13: 9780255361057
• Release Date: January 1978
• Publisher: University Of Rhode Island
• Length: 144 Pages
• Weight: 0.50 lbs.

Customer Reviews

An essential read on Laissez-faire money

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 competition amongst privately issued currencies. This is an essential read for anyone interested in Free Banking or Laissez-faire Money.