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

Liked the quote? Share it with your friends.

Random Quotations

Nothing contributes to the entertainment of the reader more,

Nothing contributes to the entertainment of the reader more, than the change of times and the vicissitudes of fortune.

Marcus Tullius Cicero

Authors & Writing

If the service is free, the product being sold is you.

If the service is free, the product being sold is you.

Life

If experience has established any one thing in this world, i

If experience has established any one thing in this world, it has established this: that it is well for any great class and description of men in society to be able to say for itself what it wants, and not to have other classes, the so-called educated and intelligent classes, acting for it as its proctors, and supposed to understand its wants and to provide for them. A class of men may often itself not either fully understand its wants, or adequately express them; but it has a nearer interest and a more sure diligence in the matter than any of its proctors, and therefore a better chance of success.

Class

Alive or dead, the truth won't rest. Rise up while you can.

Alive or dead, the truth won't rest. Rise up while you can.

Truth Zombies Georgia Mason

When I wished to sing of love it turned to sorrow. And when

When I wished to sing of love it turned to sorrow. And when I wished to sing of sorrow it was transformed for me into love.

Music

That's the secret to life... replace one worry with another.

That's the secret to life... replace one worry with another....

Life

I don't mind a dirty girl. But what I find tragic is when we

I don't mind a dirty girl. But what I find tragic is when we, as women, become not the subject of our own story but someone else's object.

Women

God's word is not just to be heard and repeated, it is to be

God's word is not just to be heard and repeated, it is to be breathed, lived, and emulated with each action.

Action

It wasn't somebody big and strong that helped me. No. It w

It wasn't somebody big and strong that helped me. No. It was somebody weak that needed me.

Yossi Ghinsberg

I don't think of myself as a comedian, but as an artist, a s

I don't think of myself as a comedian, but as an artist, a scientist and chemist who just happens to be funny. I started doing stand-up to add another level to my game. I feel that I'm a young rookie with a veteran's skill.

Funny

It is a great piece of skill to know how to guide your luck

It is a great piece of skill to know how to guide your luck even while waiting for it.

Baltasar Gracian

Luck

The worst thing about that kind of prejudice... is that whil

The worst thing about that kind of prejudice... is that while you feel hurt and angry and all the rest of it, it feeds you self-doubt. You start thinking, perhaps I am not good enough.

Good