Hayek: A Life, 1899–1950
Cato Event Podcast
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The Importance of the Austrian Hyperinflation
In terms of his personal experiences he worked at a temporary government office and he got that employment before the Austrian hyperinflation took off. So the sorts of concerns that they brought to their theorizing I think very much reflected those two different experiences. He always had a sardonic about him so he said in one of his letters home in 1923-24 when he was in New York he said I would ask you to send me a million crown note but I don't have a penny. It was something along those lines which I thought was pretty good.
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