Good Money, Part II: The Standard (The Collected Works of F. A. Hayek)

"Good Money, Part II" presents five of Hayek's articles advancing his controversial monetary ideas. The essays explore the "predicament of composition," arguing that society cannot simultaneously increase liquidity by selling assets for cash. Hayek controversially proposed denying governments monopoly control over money issuance. This volume offers deep insights into his monetary theory and its implications for economic policy.