This was diverse from the principle of ‘no cost banking’, which he regarded legitimate only assuming that industrial financial institutions will have to redeem in specie the notes they may have issued with regards to a single countrywide currency. As an alternative, Hayek extra radically suggested to abolish the national monopoly of authorized

The Internet and social media have produced it easier for people to hunt out like minded individuals who will reinforce their sights on a selected matter (which were perhaps formed by the availability heuristic). This process favors “uncritical acceptance of solutions and exaggeration with the likelihood of maximum and improbable occasions” (li