I am a huge Hayek fan actually, but I do not think you represent his views correctly. Hayek was actually in favor of what I propose, at least during 30s when he

I am a huge Hayek fan actually, but I do not think you represent his views correctly. Hayek was actually in favor of what I propose, at least during 30s when he actively wrote about this. The Austrian Theory of the Bushiness Cycle is only relevant if the expansion of currency is to much, to respond to the changes in money demand, not all expansion. This is different with somebody who is a 100%er like Rothbard. Hayek actually favored nominal stabilization witch is essentially what Im advocating as well.