HT the Adam Smith Institute and Lars Christensen, on facebook
The accompanying description:
"Ron Kitching’s photo of F.A. Hayek and Kitching’s bull Inflation (it kept on growing) is 37 years old.
Hayek was visiting Australia and staying at the Kitchings' farm on the Atherton Tablelands. Ron wanted the famous economist to climb a stepladder onto Inflation’s back to be photographed as “Hayek’s on Top Of Inflation.” Mrs Kitching objected. She wouldn’t allow him to risk the safety of their 76 year old visitor.
Nevertheless Hayek still wanted to meet the bull. Next day Ron took him down the paddock and took several pictures of him and the bull when another idea popped into Ron's head and he quietly mentioned it to him. He was delighted to have a bit of fun.
The caption? "Hayek’s Got Inflation By The Balls.""