Series IV · Card 17 of 21 · THE VIENNA SEMINAR
We have always had bad money because private enterprise was not permitted to give us a better one.
FRIEDRICH A. HAYEK · DENATIONALISATION OF MONEY · 1976
Turn it over, answer, sign – free, no account.
Source
“Denationalisation of Money”, IEA 1976 (3rd ed. 1990), ch. XXV “Conclusions”, section “Good money can come only from self-interest”
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.
The question on the back
Would you choose your money if you had the choice?