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Fortunately, Hayek is not lonely in this belief. Other scientists have followed it
Also began to study the history periods, when the governmental monetary monopoly
No. Lawrence Uajt (1984) has considered the Scottish competitive system
Monetary issue which Adam Smith admired. Eugene Uajt (1990) investigated
That moment of Great French revolution when there was a competition in
Release of money. Hugh Rokoff (1990) has analysed competitive system of the monetary
Issues in the USA. Certainly, any of these episodes did not become the sample
Perfect monetary circulation, and any of these systems is not transferred on
The present. But in all these cases the big stability was observed, than in
Conditions of the governmental monetary monopoly, and their historical prescription not
Concerns business for the principle which they illustrate, is eternal: stimulus
Influence behaviour. Thus, Hayek's analysis presented to the present
The report, receives the further empirical acknowledgement.
At the same time and those who consider themselves as experts, have started to think that
It is possible to make for improvement of our monetary system. Several years ago
Thought that Chancellor of Exchequer
The finance - a comment it.> will suggest to deduce Bank of England from under the power
Exchequers, would seem absolutely improbable. But Nigel Lawson recognised,
That it brought the similar offer during the period when held this post.
Special attention to these questions it is no wonder. For the years which have passed after
The first publication of the report of Hayek, a situation with the prices has not improved. For the period
1978 - 1990 life cost in Great Britain has grown for 230 percent.
Falling of value of pound sterling has occurred, in spite of the fact that the British
The economy in attempts to struggle with inflation, was it in deep recession.
The bitter experience of Britain is not unique. In Germany since 1978 of the price
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