photo: “Hayek’s Got Inflation by the Balls”

This is a bull named ‘Inflation’ — named “Inflation” because the beast never stopped growing.  There on the left is Nobel Prize winner Friedrich Hayek, who’s got Inflation by the balls. The picture was taken by Australian driller Ron Kitching after Mrs. Kitching objected to the idea of a picture of Hayek on top of Inflation.  The picture was taken in 1976.

Hayek has Inflation by the balls

Hayek has Inflation by the balls

Read the whole story here and here and here.

7 comments to photo: “Hayek’s Got Inflation by the Balls”

  • I love the juxtaposition of this site’s name and the title of this post, along with the picture.

    I almost fell over in my chair. Thanks for sharing this.

  • Thanks for the mention. I never met Hayek, but worked as a driller for Ron Kitching who is now around 80 and still a strong and articulate voice for liberty.

    The link in my post to Catalaxy, (in the section where he was an early ….) is worth following to get some sense of the man.

  • Greg Ransom

    Comment thread at a site linking to the pic:

    “Whoa! You think you know a straightlaced Austrian, then one day you see … that!”

    “Although it was the ’70s.”

  • Economic indicators show that inflation threats are right around the corner. Eric Fry of the Rude Awakening examines 6 ETFs and how to prepare for the “near-certain arrival of inflation.” He says now is the time to be wary of price increases and these ETFs act as an “insurance policy” to hedge against them.

    http://www.contrarianprofits.com/articles/why-it%E2%80%99s-time-to-be-paranoid-about-inflation-risk/14566

  • I like that story. The story of how I met Friedrich Hayek during his visit to Australia also has some links to farming.

    When Hayek visited Canberra he gave a public lecture one evening at the Australian National University. At that time I had read little of what Hayek had written and had no idea what he looked like.

    Before the lecture I was standing outside the lecture theatre talking to some work colleagues. As we were talking, a gentleman came towards us who looked very like my father-in-law. My father-in-law was a farmer who lived in Victoria and I had not heard that he had planned to visit Canberra at that time. If he had come to Canberra it seemed to me unlikely that he would be attending a Hayek lecture, since I knew that he was a strong advocate of “organized marketing” of agricultural products and didn’t appreciate the merits of free markets.

    As this gentleman came closer I said: “Hello, what are you doing here?”

    I realized my mistake the moment Professor Hayek began to reply. He told me that he had come to give a lecture and began to inquire where we had met before. When I explained that I had mistaken him for someone else he was he was most understanding. He was a true gentleman.

  • [...] también desde el punto de vista de la ingeniería, organizada por Patri Friedman, nieto de Milton Friedman e hijo de David [...]

  • [...] post. The guy below is Hayek, the animal is named “Inflation,” and you’ll have to click here to see the full story (including double [...]

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Random Quote

F. A. Hayek is probably the most prominent advocate of capitalism in the present period. — Peter Berger

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