Friedrich August von Hayek on Money Monopoly and Abuse of Power – The Shocking Truth

„With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.“

Friedrich August von HayekDiscover Friedrich August von Hayek's critical view on money monopoly and abuse of power throughout history – a wake-up call for vigilance.
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Friedrich August von Hayek was a prominent Austrian-British economist and social philosopher, known for his work on free-market economics and political philosophy.

This quote reminds us of the importance of transparency and control in monetary policy to prevent abuse of power and serve the people justly.


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Quote by Friedrich August von Hayek about governments using their power to issue money to defraud people

Friedrich August von Hayek (1899–1992) was an Austrian-British economist and political philosopher. He is best known for his theories on market economics, the role of knowledge in society, and his critique of planned economies. Hayek was a leading figure of neoliberalism and advocated for individual liberty and limited government power.

Quote by Roland Baader about how every decline in the value of money is caused by the state.Copyright © yoice.net – Quote Artwork
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""...Every decline in the value of money is caused and organized by the state. Paper money and the central bank monopoly are the great super-tricks used to camouflage the violent nature of the state and the predatory basic pattern of ALL politics. Very few citizens are truly aware of the unimaginable extent to which they have been exploited for generations by the combination of progressive income tax and inflation, robbing them of the fruits of their labor."" Roland Baader
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Quote about national currency control and sovereignty by William Lyon Mackenzie KingCopyright © yoice.net – Quote Artwork
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"Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile." William Lyon Mackenzie King
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Murray Rothbard quote about government money creation and inflationCopyright © yoice.net – Quote Artwork
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"If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy." Murray Rothbard
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