Friedrich Hayek discusses monetary policy, the gold standard, deficits, inflation, and John Maynard Keynes in this 1984 interview with James U. Blanchard III.

F. A. Hayek, the 1974 Nobel Memorial Prize winner in Economic Sciences, was an economist and philosopher best known for his defense of classical liberalism and free‐​market capitalism against socialist and collectivist thought.

Nobel laureate F. A. Hayek was one of the world’s leading free‐​market economists and social philosophers.

In this video from 1984, Hayek is interviewed at the University of Freiburg in Germany by James U. Blanchard III, chairman of the National Committee for Monetary Reform and a member of the Cato Institute’s Board of Directors.

A transcript of this interview can be found here.