--- begin forwarded text Mime-Version: 1.0 X-Sender: rah@pop.sneaker.net Date: Fri, 11 Dec 1998 17:59:16 -0500 To: Digital Bearer Settlement List <dbs@philodox.com> From: Robert Hettinga <rah@shipwright.com> Subject: Hayek Quote of the Week Sender: <dbs@philodox.com> Precedence: Bulk List-Subscribe: <mailto:requests@philodox.com?subject=subscribe%20dbs> X-Web-Archive: http://www.philodox.com/dbs-archive/ While we're at it... Cheers, Robert Hettinga --- begin forwarded text Date: Fri, 11 Dec 1998 17:19:31 EST Reply-To: Hayek Related Research <HAYEK-L@MAELSTROM.STJOHNS.EDU> Sender: Hayek Related Research <HAYEK-L@MAELSTROM.STJOHNS.EDU> From: Hayek-L List Host <HayekList@AOL.COM> Subject: Hayek Quote of the Week To: HAYEK-L@MAELSTROM.STJOHNS.EDU Hayek Quote of the Week " .. history is largely a history of inflation, and usually of inflations engineered by governments and for the gain of governments .. " F. A. Hayek, _Denationalisation of Money: The Argument Refined_ (third edition) London: Institute of Economic Affairs. 1990. p. 34 Hayek Quote of the Week is a regular feature of the Hayek-L list.

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--- end forwarded text ----------------- Robert A. Hettinga <mailto: rah@philodox.com> Philodox Financial Technology Evangelism <http://www.philodox.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire' --- end forwarded text ----------------- Robert A. Hettinga <mailto: rah@philodox.com> Philodox Financial Technology Evangelism <http://www.philodox.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'