In later years, Hayek proposed that the Fed be done away with and that the competitive issue of private currency by banks be put in its place. This alternative has been trumpeted by certain present-day Austrian economists, and such ideas need to be more widely disseminated and debated. But for those who do not want to go into the intricacies of alternative monetary regimes, it is simply important to recognize that the Austrian message was not popular in the 1930s, is not popular today, and will never be popular. Rather than argue directly for it, perhaps a better strategy is to warn of the dangers of Keynesian economics.
BEQ Fans (A Photo Essay)
Terri Whitney, Professor of English, North Shore Community College, and Project Director
Of amazing help!
Sparknotes is of great help when our books and teachers are in vain