Quote from Friedrich August von Hayek 

"To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end."

Quote by:
Friedrich August von Hayek
(1899-1992), Nobel Laureate of Economic Sciences 1974
Date:
1933
 
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