I was thumbing through my copy of Hayek’s wonderful collection of essays, Studies in Philosophy, Politics, and Economics, and perused his (heavily underlined) essay, “Full, Employment, Planning, and Inflation,” originally published in the Institute of Public Affairs Review, Melbourne, vol. IV, 1950. The essay is an argument against the adoption of Keynesian (including monetary) policies to maintain full employment, warning that increasing aggregate demand to achieve the maximum attainable level of employment would lead not only to chronic inflation, but also to a mismatch between the distribution of demand and the distribution of labor. The inevitable mismatch between the demand for and supply of labor would cause unemployment to rise despite inflation, inviting the imposition of direct controls and the piecemeal implementation of central planning.
I will make two observations in passing. First, it is obvious from the discussion that although Hayek believed that there was a connection…
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Utopia, you are standing in it! 
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