与哈耶克和安德鲁· 梅隆（Andrew Mellon）的追随者们经常宣称的相反，经济再调整（readjustments）并没有发生在破产迫使劳动力和资本退出低生产率、低需求的行业时，而是发生在繁荣将劳动力和资本推向高生产率、高需求的行业时。
Contrary to what the followers of Friedrich von Hayek and Andrew Mellon have always claimed, economic readjustments do not happen when bankruptcies force labor and capital out of low-productivity, low-demand industries, but rather when booms pull labor and capital into high-productivity, high-demand industries.