“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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There is, strictly speaking, no such thing as a cost-push inflation: all inflation is caused by excessive demand. — F. A. Hayek
There is, strictly speaking, no such thing as a cost-push inflation: all inflation is caused by excessive demand.
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