Friedrich August von Hayek Quotes:
Ocupation: Economist
Life: May 8, 1899 - March 23, 1992
Birthday: May 8
Death: March 23
Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.
source: "The Constitution of Liberty". Book by Friedrich Hayek, Chap. 21 : The Monetary Framework, 1960.
topic: Government, Circles, Effort, Monetary Policy, Vicious Circles
