Series IV · Card 13 of 21 · THE VIENNA SEMINAR
The politicians who will be blamed for it will not be those who created the inflation but those who stopped it.
FRIEDRICH A. HAYEK · CHOICE IN CURRENCY · 1976
Turn it over, answer, sign – free, no account.
Source
“Choice in Currency”, IEA Occasional Paper 48 (London 1976), section “Protecting money from politics”, p. 16
About the author
Austrian-British economist and philosopher (1899–1992), Nobel laureate in economics 1974, whose work on competition in money and limits on state control made him one of Bitcoin’s clearest intellectual forerunners.
About the source
Choice in Currency: Hayek’s address of 25 September 1975 in Lausanne, printed in 1976 by the Institute of Economic Affairs.
The question on the back
How often do you see the effects of a decision only years later?