To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end.
-Friedrich August von Hayek
Select a background
More quotes by Friedrich August von Hayek
Popular Authors
A curated listing of popular authors.