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Toward a Free Market Monetary System*
by F. A. Hayek
Nobel Laureate in Economics, University of Freiburg
When a little over two years ago, at the second Lausanne Conference of this
group, I threw out, almost as a sort of bitter joke, that there was no hope of
ever again having decent money, unless we took from government the
monopoly of issuing money and handed it over to private industry, I took it
only half seriously. But the suggestion proved extraordinarily fertile....