Mises Daily
Author:
Sean Corrigan
Online Publish Date:
Inflation tends not only to pressure, but to increase, the maldistribution of labour between industries, which must produce unemployment as soon as the inflation ceases. F.A. Hayek, Open or Repressed Inflation , 1969. The failings of the Macromancers who dominate contemporary economic reasoning can be encapsulated as follows: if you can’t leave