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Politics : Ask Michael Burke

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To: Mike M2 who wrote (52739)	3/21/1999 8:59:00 PM
From: Thomas M.	Read Replies (1) of 132070

forbes.com <<< Friedrich von Hayek was a true free-market economist. In his 1976 book, Choice in Currency: A Way to Stop Inflation, this Nobelist concluded that the discretionary monetary policies followed by central banks were a type of central planning with the same disadvantages as, say, the central planning of agricultural production. Hayek favored a competitive currency regime in which private parties would be free to use any currencies they wished, whether they were issued by government-owned central banks or private banks. >>> Tom

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