All FRIEDRICH AUGUST VON HAYEK Quotes about “Deception”

“To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end.”
“The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception.”

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