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Friedrich August von 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.


Friedrich August von Hayek
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"Friedrich August von Hayek Quotes." Quoteslyfe.com, 2024. Wed. 01 May. 2024. <https://www.quoteslyfe.com/quote/To-combat-the-depression-by-a-forced-591414>.





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Other quotes of Friedrich August von Hayek


The idea of social justice is that the state should treat different people unequally in order to make them equal.

The idea of social justice is that the state should treat different people unequally in order to make them equal.



If socialists understood economics, they wouldn't be socialist.

If socialists understood economics, they wouldn't be socialist.



There is all the difference in the world between treating people equally and attempting to make them equal.

There is all the difference in the world between treating people equally and attempting to make them equal.



'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.



The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.



[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.

[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.



In government, the scum rises to the top.

In government, the scum rises to the top.



Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.

Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.



The more the state "plans" the more difficult planning becomes for the individual.

The more the state "plans" the more difficult planning becomes for the individual.



It is indeed probable that more harm and misery have been caused by men determined to use coercion to stamp out a moral evil than by men intent on doing evil.

It is indeed probable that more harm and misery have been caused by men determined to use coercion to stamp out a moral evil than by men intent on doing evil.





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Hell is truth seen too late.

Hell is truth seen too late.



There is no conflict between loving others deeply and living mindfully.

There is no conflict between loving others deeply and living mindfully.



Political scientists and professors are the new clergy

Political scientists and professors are the new clergy



Good can be the enemy of great.

Good can be the enemy of great.



Happiness is not a goal, it is a by-product. Paradoxically, the one sure way not to be happy is deliberately to map out a way of life in which one would please oneself completely and exclusively.

Happiness is not a goal, it is a by-product. Paradoxically, the one sure way not to be happy is deliberately to map out a way of life in which one would please oneself completely and exclusively.



There are those people who don't want change. Well there needs to be a coalition for change amongst the hard-working mainstream majority of the country to crack on and sort out Britain's problems.

There are those people who don't want change. Well there needs to be a coalition for change amongst the hard-working mainstream majority of the country to crack on and sort out Britain's problems.



Like environmentalists, politicians generally privilege flora and fauna over folks.

Like environmentalists, politicians generally privilege flora and fauna over folks.



That's very nice if they want to publish you, but don't pay too much attention to it. It will toss you away. Just continue to write.

That's very nice if they want to publish you, but don't pay too much attention to it. It will toss you away. Just continue to write.



In order to be a player on the fast track, you will need to have a plan on how to gain more and more control. On the fast track, it is control more than money that counts.

In order to be a player on the fast track, you will need to have a plan on how to gain more and more control. On the fast track, it is control more than money that counts.



Doing something extraordinarily good is very hard to do and you could fail. Extraordinarily bad is easy to do - it's much easier to burn down a building than to build one.

Doing something extraordinarily good is very hard to do and you could fail. Extraordinarily bad is easy to do - it's much easier to burn down a building than to build one.




Quote Description


This page presents the 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.". Author of this quote is Friedrich August von Hayek. This quote is about credit, depression, mean, combat, expansion, evil,.