Cita

Una cita de Hayek que deberían conocer los seudo liberales rallistas:

“It does not follow [from the fact that a disequilibrium generating inflation cannot be allowed to expand forever] that we should not endeavour to stop a real deflation when it threatens to set in. Although I do not regard deflation as the original cause of a decline in business activity, a disappointment of expectations has unquestionably tended to induce a process of deflation — what more than 40 years ago I called a ‘secondary deflation’ — the effect of which may be worse, and in the 1930s certainly was worse, than what the original cause of the reaction made necessary, and which has no steering function to perform.”.

- F. A. Hayek, “Full Employment at Any Price?”, 1975.

En http: http://uneasymoney.com/2012/02/10/ludwig-von-mises-and-the-great-depression/#comment-4179  un post maravilloso sobre conocimientos e ignorancias.