Friday, January 14, 2011

Denationalisation of Money, by Friedrich A. Hayek

This book had quite a bit to say about the problems that arise from government monopolizing currency issue, which was probably the high point of the book. This book also has quite a bit to say about competitive issue of non-redeemable currency, which I think is sort of an intellectual dead end. But in a world where perhaps 90% of people think "Of course government has to control currency; otherwise, there'd be chaos!", the parts regarding government currency monopoly are sorely needed. And as a bonus, the whole thing is only about 100 pages.

Rating: six out of seven giant inflatable monkeys.

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