The Free Money Movement
"What we need now is a Free Money Movement comparable to the Free Trade Movement of the 19th century, demonstrating not merely the harm caused by acute inflation...but the deeper effects of producing periods of stagnation that are indeed inherent in the present monetary arrangements… I still believe that, so long as the management of money is in the hands of government, the gold standard, with all its imperfections, is the only tolerably safe system but it is better to take money completely out of the control of government. The only way to save civilization will be to deprive governments of the power over the supply of money."
Who said that? Who stated so clearly and boldly what few economists & politicians are willing to admit? None other than Friedrich von Hayek, noted Nobel Laureate in Economics, writing in his groundbreaking work, "The Denationalization of Money". In 1976, Dr. Hayek re-opened the academic world’s eyes to the concept of private, competitive currencies and predicted the demise of the government monopoly on money.
Dr. Hayek, who spoke prolifically and passionately against socialism in his world-famous book "The Road to Serfdom" in 1944, continued by describing the "immense education task ahead before we can free ourselves from [government money], the gravest threat to social peace…"
The Liberty Dollar is awakening a FREE MONEY MOVEMENT, as called for by Hayek, by distributing the Liberty Dollar as the antidote to the government's manipulated fiat money.
Dr. Hayek noted that the four defects [of government money] – were: inflation, instability, undisciplined state expenditure and economic nationalism &ndash and they have a common origin and a common cure: the replacement of the government monopoly of money by competition in currency supplied by private issuers who, to preserve public confidence, will limit the quantity of their paper issue and thus maintain its value. He referred to this as: The 'denationalization of money'.
Liberty Dollar gratefully acknowledges Dr. Hayek for his outspoken opposition to government intervention in the marketplace, and for his support for the inherent good of a free market currency as an extension of freedom itself. With its practical solution, the Liberty Dollar is leading the world towards monetary freedom with a unique model currency that rewards its users with a profit while it protects their wealth.
Thank you, Dr. Friedrich von Hayek, 1974 Nobel Laureate in Economics!