“I can date my own personal ‘revolution’ rather exactly to May or June 1933. It was like this. It began .. with Hayek." — John Hicks
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In Austria and Germany [experience had] shown to us that the employment created by inflation at once diminished as the inflation slowed down. — F. A. Hayek
In Austria and Germany [experience had] shown to us that the employment created by inflation at once diminished as the inflation slowed down.
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