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Steve Hanke Quotes


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Quotes by Steve Hanke

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The IMF is set up to deal with liquidity crises.

~Steve Hanke

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In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the financial press was filled with reportage on Bitcoin and its dramatic price increase.

~Steve Hanke

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

~Steve Hanke

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Sanctions historically are quite counterproductive in the sense that if you impose sanctions on your enemy, it tends to strengthen your enemy.

~Steve Hanke

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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

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There has never been a failure of a currency board anywhere in the world. These are tough systems, and when I say they are foolproof, that's exactly the case.

~Steve Hanke

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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

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The most important lesson to take away from allowing the minimum wage and unemployment benefit data to talk is that abstract notions of what is right, good and just should be examined from a concrete, operational point of view. A dose of reality is most edifying.

~Steve Hanke

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A minimum wage leads to higher levels of unemployment.

~Steve Hanke

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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

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Biography

Nationality: American

Type: Economist

Born: December 29th, 1942

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