I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

Quote by Friedrich August Von Hayek

Topics: History Quotes, Inflation Quotes

Our moral traditions developed concurrently with our reason, not as its product.

Our moral traditions developed concurrently with our reason, not as its product.

This means that to entrust to science - or to deliberate control according to scientific...

This means that to entrust to science - or to deliberate control according to scientific...

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been...

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been...

The mind cannot foresee its own advance.

The mind cannot foresee its own advance.

I have arrived at the conviction that the neglect by economists to discuss seriously what...

I have arrived at the conviction that the neglect by economists to discuss seriously what...

I regard it in fact as the great advantage of the mathematical technique that it...

I regard it in fact as the great advantage of the mathematical technique that it...

The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple...

The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple...

We know, in other words, the general conditions in which what we call, somewhat misleadingly,...

We know, in other words, the general conditions in which what we call, somewhat misleadingly,...

He will therefore have to use what knowledge he can achieve, not to shape the...

He will therefore have to use what knowledge he can achieve, not to shape the...

We know: of course, with regard to the market and similar social structures, a great...

We know: of course, with regard to the market and similar social structures, a great...

It seems to me that socialists today can preserve their position in academic economics merely...

It seems to me that socialists today can preserve their position in academic economics merely...

Intellects whose desires have outstripped their understanding.

Intellects whose desires have outstripped their understanding.

If we wish to preserve a free society, it is essential that we recognize that...

If we wish to preserve a free society, it is essential that we recognize that...

Why should we, however, in economics, have to plead ignorance of the sort of facts...

Why should we, however, in economics, have to plead ignorance of the sort of facts...

If most people are not willing to see the difficulty, this is mainly because, consciously...

If most people are not willing to see the difficulty, this is mainly because, consciously...

We shall not grow wiser before we learn that much that we have done was...

We shall not grow wiser before we learn that much that we have done was...

We have indeed at the moment little cause for pride: as a profession we have...

We have indeed at the moment little cause for pride: as a profession we have...

A claim for equality of material position can be met only by a government with...

A claim for equality of material position can be met only by a government with...

To act on the belief that we possess the knowledge and the power which enable...

To act on the belief that we possess the knowledge and the power which enable...

It can hardly be denied that such a demand quite arbitrarily limits the facts which...

It can hardly be denied that such a demand quite arbitrarily limits the facts which...