Friday, October 23, 2015

Milton Friedman on the Difference Between Hayek and Mises on Gold

Below, Milton Friedman during an interview with Lanny Ebenstein, as reported in Chicagonomics.

The Friedman dislike for the great Ludwig von Mises and gold really becomes clear in this interview:
Mises was for the gold standard. [Friedrich] Hayek went around and around the bush on that...But he was not a gold nut like von Mises was.

1 comment:

  1. I'd rather be a "gold bug" than a fiat currency crank, as are the monetarists. Sticks and stones.