Hayek’s “Denationalization Of Money.” Some Critical Remarks

Source: Cobden Centre
by Thorsten Polleit

“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. At a second glance, however, we would realize that there is actually strong economic and ethical support for Hayek’s idea. And Hayek is actually not alone. Quite a few economists have challenged and even opposed the status quo, namely that money production is monopolized by the state(s).” (05/07/24)