Inflation is socially destructive, creates abnormally high unemployment, misuses economic resources, and endangers human freedom not because value-judgements lead man … Continue reading “Inflation and Unemployment”

In Britain inflation has been accompanied by inadequate adjustments in tax allowances and bands so that real rates of taxation … Continue reading “Over-taxation by Inflation”

The government monopoly of money must be abolished to stop the recurring bouts of acute inflation and deflation that have … Continue reading “Denationalisation of Money”

Many governments have issued paper money backed only by their own authority; all the major countries are doing this now; … Continue reading “Gold or Paper?”

In this short paper, first published in 1976, Nobel Laureate Friedrich von Hayek suggests that inflation can be stopped by … Continue reading “Choice in Currency: A Way to Stop Inflation”