Steve Hanke quote

During the last two centuries, there have been many deflations throughout the world. Almost all of them have been good ones precipitated by technological innovation, rising productivity, global capital flows, and sustained economic growth. If farm mechanization cuts the price of wheat, you get a rising living standard. This is good.
Steve Hanke
Steve Hanke
Born: Dec 29, 1942

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Good, You, Innovation, World, Farm, Living, Good Ones, Rising, Economic, Throughout, Economic Growth, Price, Almost, Almost All, Global, Been, Get, Wheat, Sustained, Them, Centuries, Capital, Cuts, Standard, Productivity, Many, Growth, Technological, Last, Two, Flows

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Alan Greenspan, Herbert A. Simon, John Kenneth Galbraith, Milton Friedman, Paul A. Volcker, Richard Thaler, Robert Reich, Thomas Sowell
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