Tag: money monopoly
Alexander Hamilton, a Second-Hand Dealer in Retrograde Mercantilist Ideas
September 11, 2016 | Post
[Alexander Hamilton] was decidedly retrograde in pushing for an exclusive nationwide bank with a sweetheart government deal. He was not a creative policy genius so much as a persuasive second-hand dealer in discredited mercantilist ideas.
Quote of the Day: Hayek on Money
December 22, 2015 | Post
F.A. Hayek was highly critical of central banking and of government’s proclaimed interest in holding a monopoly on the issuance of money. Hayek eventually turned his opinions on money and free banking into an economic treatise in the book “The Denationalization of Money“. Some even say Hayek predicted the emergence of Bitcoin nearly three decades […]