Friedrich Hayek Quote

I don't believe we're in for a crash now. It's much more likely that government will just conceal the continuation of inflation by price controls. But if anything is worse than an open inflation, it's a repressed inflation. What you're likely to get is not a violent deflation but increasing stagnation of productivity.


Interview in Silver & Gold Report (1980)


I don't believe we're in for a crash now. It's much more likely that government will just conceal the continuation of inflation by price controls....

I don't believe we're in for a crash now. It's much more likely that government will just conceal the continuation of inflation by price controls....

I don't believe we're in for a crash now. It's much more likely that government will just conceal the continuation of inflation by price controls....

I don't believe we're in for a crash now. It's much more likely that government will just conceal the continuation of inflation by price controls....