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Hayek ja Inflatsioon

hayek-v-inflation
Hayek’s Got Inflation by the balls (via HayekCenter)

He then noticed hanging on the wall of the bar, a large picture of a magnificent Brahman Bull I owned. He asked about the Bull, so I told him he was a prize winning show bull which I had nicknamed Inflation as he would not stop growing. “He weighs 3,000 pounds  in his working clothes,” I told the small gathering present.

Hayek laughed and said that he knew a bit about inflation and that he would like to meet this one. I told him that compared with the inflations he had witnessed, that this one was rather tame and that my boys jumped on to his back in the paddock. “I even jump on his back when he is in the yard and I can climb up the rails to do so,” I told him.

“Well, while I am here, I would like to meet him,” Hayek exclaimed. So I put that on the agenda.

I got this bright idea that I’d put the bull in the yard, get a step ladder put Hayek on the bull, (if he agreed), and take a picture which would carry the caption Hayek’s on Top Of Inflation. I told my wife and  that was the end of it. She would not under any circumstances countenance such a move. “What if the Professor fell off and was injured,” and all of that sort of chatter. So that project was abandoned.

Nevertheless Hayek still wanted to meet the bull. Next day I took him down the paddock and took several pictures of him and the bull when another idea popped into my head and I quietly mentioned it to him. He was delighted to have a bit of fun. The caption of course was to  be Hayek¹s Got Inflation By The Balls.

Well the old boy was delighted. He was quite at home with animals and had palled up with the bull, which was an easy matter with this particular animal. So he posed and I took the picture. He predicted that if the Americans got hold of a copy, the picture would  become famous.

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