Card IV-15: FRIEDRICH A. HAYEK – … money is certainly too dangerous an instrument to leave to the fortuitous expediency of politicians – or, it seems, economists.

Series IV · Card 15 of 21 · THE VIENNA SEMINAR

… money is certainly too dangerous an instrument to leave to the fortuitous expediency of politicians – or, it seems, economists.

FRIEDRICH A. HAYEK · CHOICE IN CURRENCY · 1976

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Source

“Choice in Currency”, IEA Occasional Paper 48 (London 1976), section “Protecting money from politics”, p. 16

Open source · archive.org ↗

About the author

Austrian-British economist and philosopher (1899–1992), Nobel laureate in economics 1974, whose work on competition in money and limits on state control made him one of Bitcoin’s clearest intellectual forerunners.

About the source

Choice in Currency: Hayek’s address of 25 September 1975 in Lausanne, printed in 1976 by the Institute of Economic Affairs.

The question on the back

How much power over money should politicians have?