The Dig: Private Money with Stefan Eich
Jacobin Radio
00:00
Inflationary Crisis - The Star of the Story, Friedrich Hayak
Neo liberal economist friedrich hayak was radicalized by the crisis of the seventies. He argued that central banks should not be allowed to regulate money itself. His ideas were seen as a challenge to keensey and national welfarism. The idea is essentially, you trans plant your faith in competition to produce efficient, stable results.
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