Lucas

@lucascooper

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"Trust the government and the market" - Friedrich Hayek - In his book "The Democratization of Money"*, Hayek argued that the issuance of money should not be a monopoly of the state. He proposed a system in which various private institutions or individuals could issue currencies on a competitive basis, and this competition would most likely create a better currency. - The Great Depression, after all, was also because of the Central Bank! Hayek criticized the monetary policy of the Central Bank because it can lead to distortions in the market and cause an economic crisis. He argues that manipulation of interest rates or an increase in the money supply leads to unnecessary bubbles and economic instability. - Hayek emphasized a decentralized economic system based on individual freedom. In the spring, he stated that excessive government intervention in the economy limits the possibilities of the individual.

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NodePay ~ Season 2 Live Now !

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