Quote by Friedrich August von Hayek

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

I do not think it is an exaggeration to say history is large

Summary

The quote suggests that throughout history, inflation has played a significant role. It implies that the majority of inflationary periods were deliberate actions by governments with their own interests in mind. It insinuates that governments often manipulate and increase the money supply causing inflation to benefit themselves, resulting in a cyclical pattern in history. This perspective highlights the role of governments and their economic policies in shaping inflationary trends throughout time.

Topics

History

By Friedrich August von Hayek

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