Hayek, Friedrich A

Choice in Currency (Large Print Edition)

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ISBN 13:: 9781494734930
author:: Hayek, Friedrich A
format:: Paperback
publisher:: Createspace Independent Publishing Platform
language:: English
Publication Year:: 2013
Pages:: 50
Dimensions:: 25.4 x 20.3 x 0.3 centimetres (0
Genre:: Business, Money & Monetary Policy, ,
Condition:: New
Availability:: Item usually sent within 7 working days

£11.27

Current Stock: 5

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Description

Description

The path to sound money is a crucial one for the health of markets as a whole. In this influential work, Hayek argues that competition in currency markets is essential, not just between countries but also within them. By allowing individuals to choose their own currency, citizens can keep assets denominated in any unit, providing a check against inflation and giving governments greater incentive to avoid inflating. This book represents an important reform idea that could take place right now, one that would change the institutional incentives faced by central banks. It's a creative solution to diminish the total power of central banks within individual countries. First published in 1976, it remains a relevant and thought-provoking concept for the modern economy. The book offers a fresh perspective on sound money and its potential to improve market outcomes. Its ideas may seem radical, but they are worth considering for anyone interested in the future of monetary policy.

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