“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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Our predictive capacity of the specific things which the economic system will do at a particular date is limited in exactly the same fashion in which our biological knowledge is largely limited if our task were to predict what a living organism will do at a particular date. — F. A. Hayek

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