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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I want to express a very belated thanks to Friedrich A. Hayek. His work had much more of an influence on me than I realized during the writing of [_The End of Liberalism_] . I neither began nor ended as a Hayekist but instead found myself confirming, by process of elimination and discovery, many of his fears about the modern liberal state. — Theodore Lowi

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