quote: Hayek on the “Price Stabilizers”

A priceless — and timeless — quotation from Friedrich Hayek:

It is a curious fact that the general disinclination to explain the past boom by monetary factors has been quickly replaced by an even greater readiness to hold the present working of our monetary organization exclusively responsible for our present plight. And the same stabilizers . . . → Read More: quote: Hayek on the “Price Stabilizers”

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When the prophets and philosophers, from Moses to Plato and St Augustine, from Rousseau to Marx and Freud, protested against the prevailing morals, clearly none of them had any grasp of the extent to which the practices which they condemned had made possible the civilization of which they were a part. — F. A. Hayek

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