# About Hayek Money, Concurrent Private Currencies and Ampleforth

**URL:** <https://forum.ampleforth.org/t/about-hayek-money-concurrent-private-currencies-and-ampleforth/544>\
**Category:** Learning Resources\
**Created:** [May 30, 2022, 2:24pm UTC](https://forum.ampleforth.org/t/about-hayek-money-concurrent-private-currencies-and-ampleforth/544 "2022-05-30T14:24:56Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![pascal-merkleplant](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/pascal-merkleplant/32/104_2.png) [@pascal-merkleplant](https://forum.ampleforth.org/u/pascal-merkleplant)\
**Post date:** [May 30, 2022, 2:24pm UTC](https://forum.ampleforth.org/t/about-hayek-money-concurrent-private-currencies-and-ampleforth/544/1 "2022-05-30T14:24:56Z")

</div>

I published an article summarizing Ametrano’s idea of _Hayek Money_ and illustrating why the AMPL token can be seen as a successfully operating Hayek Money.

I hope this article helps community members to better understand:

- why the Ampleforth protocol **does not eliminate volatility**
- why the broader crypto ecosystem should aim to provide many concurrent currencies
- which ideas influenced the Ampleforth genesis team leading to the creation of AMPL
- why only monetary policy is able to ensure price stability

Link to article: [Ampleforth is Hayek Money](https://merkleplant.xyz/posts/ampleforth-is-hayek-money)