HAYEK QUOTE OF THE DAY

“Stable monetary conditions require that the stream of money expenditure is the fixed datum to which prices and wages have to adapt themselves, and not the other way around.” — F. A. Hayek

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Watching, in the case of a man I so much admired like Lionel Robbins, I’ve no doubt that [government service] corrupts the attitude of the economist. He becomes a statesman instead of an economist. — F. A. Hayek

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