Friedrich Hayek Quote

To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.


Aussenpolitik zwischen Machtpolitik und Dogma (ed. 1933)


To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.

To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.

To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.

To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.