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17 of 18 people found the following review helpful:
5.0 out of 5 stars
An essential read on Laissez-faire money,
By alockard@gmu.edu (George Mason University) - See all my reviews
This review is from: Denationalisation of Money: The Argument Refined (An Analysis of the Theory and Practice of Concurrent Currencies Series)) (Paperback)
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.
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Denationalisation of Money: The Argument Refined (An Analysis of the Theory and Practice of Concurrent Currencies Series)) by F. A. Hayek (Paperback - June 1990)
Used & New from: $3.86
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