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Friedrich A. Hayek Fellowships Essay Contest
Published on : Saturday, May 12, 2012
The Mont Perelin Society announces the Friedrich A. Hayek fellowships essay contest. The society offers $ 5000 in prize money.
Failed Federal Reserve
Published on : Friday, November 26, 2010
Hayek wrote in 1960 that only the Government can supply the optimal amount of money. He later changed his position in 1976. If someone looks at it honestly, the power to print dollars and spend them as you wish will tend to be misused. Yet, this is the power which the United States Gopvernment possesses and delegate it to the Federal Reserve. The Federal Reserve control of money supply resulted in economic downturns including the recent one. Lawrence White's book "Free Banking" points out that the free banking experience is the past resulted in sound money, writes Donald Boudreaux in Pittsburg Live.


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