20 Steve Hanke Quotes for You to Enjoy

Steve Hanke

American Economist

Born: Dec 29, 1942

Bitcoin Government Inflation Money World You

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

Although floating and fixed rates appear dissimilar, they are members of the same freemarket family. Both operate without exchange controls and are free-market mechanisms for balance-of-payment adjustments. Steve Hanke

Family Dissimilar Members Adjustment Rates Both Exchange Operate Although Without Fixed Same Controls Appear Mechanisms Floating

There is always the potential for a central bank to engage in discretionary monetary policy and to break the one-to-one link between changes in foreign reserves and changes in the money supply. Steve Hanke

Money Changes Potential Supply Between Policy Always Foreign Link Discretionary Bank Break Central Central Bank Engage Reserves Monetary Monetary Policy

In Argentina, if the weather is bad, critics will blame it on the currency board. Steve Hanke

Blame Will Weather Bad Critics Argentina Currency Board

If you squeeze and squeeze, and you don't allow the Iranians to sell any oil, then what do they have to lose by shutting the Strait of Hormuz down? And if they do that, that's 35% of all the world's oil that comes through the strait and 20% of the liquefied natural gas in the world. Steve Hanke

You Natural World Lose Down Through Allow Iranians Sell Squeeze Any Oil Natural Gas Then Strait Gas Shutting

High mandated minimum wages will throw people out of work and onto the welfare rolls in cases where unemployment benefits exist. When it comes to welfare payments, they obey the laws of economics, too. Indeed, if something - like unemployment - is subsidized, more of it will be produced. Steve Hanke

Work People Benefits Obey Welfare Will Economics Too Indeed Out Minimum High Cases Something Laws More Onto Throw Like Wages Exist Unemployment Unemployment Benefits Subsidized Rolls Where Produced Payments

Following its recognition as a state in 1832, Greece spent most of the remainder of the 19th century under the control of creditors. The pattern started with a default in 1832. In consequence, Greece's finances were put under French administration. Steve Hanke

Control State Spent Finances Recognition Administration Following Put Most French Were Greece Pattern Century Default Creditors Started Consequence

Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply. Steve Hanke

People Money Example Important Think State Total More Supply For Example Most Makes Up Greece Contrary Than Bank Much

When Ronald Reagan was elected president for his first term in 1980, he received strong support from the so-called Sagebrush Rebels. The Rebels wanted lands owned by the federal government to be transferred to state governments. Steve Hanke

Government Strong First President State State Governments Strong Support Federal Federal Government He Support Term First Term Reagan His Governments Owned So-Called Wanted Transferred Ronald Reagan Elected Lands Rebels Received

In April 2013, Nathaniel Popper of 'The New York Times' reported on Bitcoin in an article titled, 'Digital Money is Gaining Champions in the Real World'. Steve Hanke

World Money Bitcoin Digital April New Real Times Article Reported York New York New York Times The Real World Real World Gaining Champions

With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets. Steve Hanke

Great November Free Lost Markets Free Markets Passing Champions Milton

Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates. Steve Hanke

Rates Exchange Economists Most Terms Fixed Interchangeable Use Nearly

Since the end of the 1970s, free-market capitalism has been in, and socialism has been out. Steve Hanke

Capitalism Socialism Out Has-Been Since Been End

During the Greenspan-Bernanke era, the Fed has embraced the view that stability in the economy and stability in prices are mutually consistent. As long as inflation remains at or below its target level, the Fed's modus operandi is to panic at the sight of real or perceived economic trouble and provide emergency relief. Steve Hanke

Inflation Long Trouble Panic Consistent Sight Relief Embraced Mutually Perceived Emergency Economic Fed Remains Prices Economy Real Era Provide Target Stability View Level Below

Until the Fed dumps inflation targeting and the U.S. abandons its weak-dollar policy, inflation will rule the day. Steve Hanke

Day Inflation Will Rule Abandon Fed Until Policy Targeting

Why is it so hard for the IMF and the U.S. government to understand that putting out the fire comes before fireproofing the building? Steve Hanke

Government Fire Building Before IMF Out Putting Understand Hard Why

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

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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