“Perhaps I'm unrealistic. As long as people do not fully realize the danger of inflation, they may well pressure for more inflation as a short-term remedy for evils. Though we may well be driven into more, until people have learned the lesson, but that means that inflation may still do more of a great deal of harm, before it will be cured.”

1975 interview https://mises.org/library/hayek-meets-press-1975 on "Meet the Press." <br class="br">1960s–1970s

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Friedrich Hayek79

Austrian and British economist and Nobel Prize for Economic… 1899–1992

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Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

1975 interview https://mises.org/library/hayek-meets-press-1975 on "Meet the Press." <br class="br">1960s–1970s

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“There are many reasons there was higher inflation in the 1970s. But that is a complicated story that deals with much more than tax policies.”

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“And since any inflation, however modest at first, can help employment only so long as it accelerates, adopted as a means of reducing unemployment, it will do so for any length of time only while it accelerates. "Mild" steady inflation cannot help—it can lead only to outright inflation. That inflation at a constant rate soon ceases to have any stimulating effect, and in the end merely leaves us with a backlog of delayed adaptations, is the conclusive argument against the "mild" inflation represented as beneficial even in standard economics textbooks.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

1980s Unemployment and the Unions: Essays on the Impotent Price Structure of Britain and Monopoly in the Labour Market https://books.google.com/books?id=zZu3AAAAIAAJ&q=%22only+while+it+accelerates%22&dq=%22only+while+it+accelerates%22&hl=en&sa=X&ei=HBhsUYjUGMv34QSW-YDgDg&redir_esc=y (1984) <br class="br">1980s and later

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[Andy Rooney, w:Andy Rooney, 6, Credits, Years of Minutes, 2003, PublicAffairs, 978-1586482114]

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What Has Government Done to Our Money? (1980)

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