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Quotation by Michael D. Stephens
Imagine believing in the control of inflation by curbing the money supply! That is like deciding to stop your dog fouling the sidewalk by plugging up its rear end. It is highly unlikely to succeed, but if it does it kills the hound.
Michael D. Stephens. "On Sinai, There's No Economics," New York Times (Nov. 13, 1981).
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