• “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.” ~economist Friedrich August von Hayek (1899-1992)
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Published in: on October 6, 2012 at 7:23 am  Leave a Comment  

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