Synopsis

Explaining the hayekian view of how inflation is caused by a rise in the supply of money within an economy.

Further Information

More clips from Masters of Money

02: Hayek | Masters of Money

Stephanie Flanders looks at the radical free-market economist Friedrich Hayek's solution to the problems of capitalism - set it virtually totall...

Bubbles and market failure | Masters of Money

Bubbles in the financial sector

Keynes v Hayek | Masters of Money

The arguments between government and non government intervention in the economy

Overview of Hayek | Masters of Money

A brief overview of the views of Hayek and why governments shouldn't intervene in the economy.

The case for no government intervention | Masters of Money

Explores the arguments for governments not intervene in the economy.

The causes of the Great Depression | Masters of Money

Explaining the history of the Great Depression, the longest, most severe economic downturn of the 20th century.