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)

Friedrich Hayek Quotes

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.