Great Hayek Quote on Expanding Money and Changing Networks of Relative Prices & Structures of Production

“It seems obvious as soon as one once begins to think about it that almost any change in the amount of money, whether it does influence the price level or not, must always influence relative prices. And, as there can be no doubt that it is relative prices which determine the amount and the direction . . . → Read More: Great Hayek Quote on Expanding Money and Changing Networks of Relative Prices & Structures of Production

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Random Quote

Before we can explain why people commit [macroeconomic] mistakes, we must first explain why they should ever be right. — F. A. Hayek

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