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  • To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to the stool rather than the stool to the piano.

    Henry Hazlitt
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    Henry Hazlitt (2016). “The Failure of the "New Economics": An Analysis of the Keynesian Fallacies”, p.542, Pickle Partners Publishing
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To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to the stool rather than the stool to the piano. - Henry Hazlitt
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