Friedrich August von Hayek Quotes About Vicious Circles

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Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.
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Friedrich August von Hayek

"The Constitution of Liberty". Book by Friedrich Hayek, Chap. 21 : The Monetary Framework, 1960.

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Friedrich August von Hayek quotes about: Attitude Authority Belief Capitalism Character Choices Competition Conflict Conservatism Country Deception Decisions Democracy Design Dictator Dictatorship Doubt Economics Economists Economy Effort Envy Equality Evil Evolution Exercise Free Market Freedom Giving Growth Ignorance Imagination Independence Inequality Inflation Judging Justice Knowledge Liberalism Libertarianism Liberty Mankind Neighbors Opinions Opportunity Past Philosophy Planning Politics Pride Private Property Progress Property Purpose Responsibility Risk School Security Social Justice Socialism Society Today Tyranny Understanding Values War Wisdom