Mises Daily
Author:
Friedrich A. Hayek
Online Publish Date:
suggestion proved extraordinarily fertile. Following it up I discovered that I had opened a possibility which in two thousand years no single economist had ever was essential for the finance of the government in order to give to government access to the tap where it can draw the money it needs by manufacturing it.” I do really only a choice between two alternatives: either continuing an accelerating open inflation, which is, as you all know, absolutely destructive of an economic