"The wisdom of God exceeds that of the wisest man, more than his wisdom exceeds that of a child. If a child were to conjecture how an army is to be formed in the day of battle--how a city is to be fortified, or a state governed--what chance has he to guess right? As little chance has the wisest man when he pretends to conjecture how the planets move in their courses, how the sea ebbs and flows, and how our minds act upon our bodies."

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If this is the degree of inflation planned for in advance, the real outcome is indeed likely to be such that most of those who will retire at the end of the century will be dependent on the charity of the younger generation. And ultimately not morals but the fact that the young supply the police and the army will decide the issue: concentration camps for the aged unable to maintain themselves are likely to be the fate of an old generation whose income is entirely dependent on coercing the young.

— Friedrich August von Hayek