The standard practice of governments whereby they define the monetary unit is unnecessary and undesirable. The private

Question:

“The standard practice of governments whereby they define the monetary unit is unnecessary and undesirable. The private sector should be encouraged to choose its own standards in a free competitive market” (Friedrich Hayek). Discuss.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Monetary Economics

ISBN: 9780415772099

2nd Edition

Authors: Jagdish Handa

See More Books

Question Posted: Nov 12, 2024 03:00 AM

See More Questions

Which statement is correct? A) Tax credits reduce tax liability on a dollar-for-dollarbasis. B) Tax deductions reduce tax liability on a dollar-for-dollarbasis. C) The benefit of a tax credit depends...
Write a paper about a film in relation to the formal qualities of film.
A small sphere with mass 1.50 g hangs by a thread between two parallel vertical plates 5.00 cm apart (Fig). The plates are insulating and have uniform surface charge densities +σ and - σ....
The standard practice of governments whereby they define the monetary unit is unnecessary and undesirable. The private sector should be encouraged to choose its own standards in a free competitive...
Hoover Cole Sunglasses sell for about $ 153 per pair. Suppose the company incurs the following average costs per pair: Direct...
Application to businesses Find the present value of a continuous income stream (t) - 20 + 3t, where t is in years and F is in thousands of dollars per year, for 25 years, if money can earn 2% annual...
Due to fairly radical changes in the structure of the financial sector in recent decades, the importance of demand deposits has declined considerably and the role of commercial banks has changed...
Who should determine the economic policy goals for the nation: the government democratically elected by the public or a central bank whose directors (or governors) are not elected and cannot be made...
How can you maintain a professional social media presence?
Choose True or False. Practicing effective stretches and holding them long enough are both techniques for building flexibility. False: Holding stretches long enough is a technique for building...
a. At the end of January, $5,000 of accounts receivable are past due, and the company estimates that 20% of these accounts will not be collected. Of the remaining accounts receivable, the company...
For the MIPS datapath shown below, several lines are marked with X. For each one: Describe in words the negative consequence of cutting this line relative to the working, unmodified processor....
The amounts that must be deposited now at 6% interest to permit withdrawals of $10,000 at the end of each period for a specified number of periods are contained in the: future value of an ordinary...
Question 12 10 pts Reading--whether novels or short stories or news and magazine articles, etc.-- has great gifts to give for the effort we put into it. Some of the dividends that this activity pays...
Determine the direction of B for each case in Fig 20-52, where F represents the maximum magnetic forces on a positively charged particle moving with velocity v. (b) (a) (c)
What kind of rays are X-rays?

The standard practice of governments whereby they define the monetary unit is unnecessary and undesirable. The private

Question:

Step by Step Answer:

Monetary Economics

Students also viewed these Business questions