The human groups have been selected for the effects of their habitual practices, effects of which the individuals were not and could not be aware. Cu… - Friedrich Hayek

And since any inflation, however modest at first, can help employment only so long as it accelerates, adopted as a means of reducing unemployment, it will do so for any length of time only while it accelerates. "Mild" steady inflation cannot help—it can lead only to outright inflation. That inflation at a constant rate soon ceases to have any stimulating effect, and in the end merely leaves us with a backlog of delayed adaptations, is the conclusive argument against the "mild" inflation represented as beneficial even in standard economics textbooks.

She was a very good-looking woman, and extremely intelligent. But she wasn’t really very female; she had too much of a male intelligence.

All economic activity is carried out through time. Every individual economic process occupies a certain time, and all linkages between economic processes necessarily involve longer or shorter periods of time.