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Steve Hanke Quotes


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Quotes by Steve Hanke

Showing 11-20 of 34 Quotes by Steve Hanke

Following Greece's defeat at the hands of Turkey in 1897, Greece's fiscal house was entrusted to a Control Commission. During the 20th century, the drachma was one of the world's worst currencies. It recorded the world's sixth highest hyperinflation. In October 1944, Greece's monthly inflation rate hit 13,800%.

~Steve Hanke

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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

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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

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When I was operating as one of President Reagan's economic advisers, an early assignment was to analyze the federal government's landholdings and make recommendations about what to do with them. This was a big job. These lands are vast, covering an area six times that of France.

~Steve Hanke

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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

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In January 2013, one could buy a Bitcoin for about $13. By late November, one Bitcoin would have set a buyer back over $1100.

~Steve Hanke

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

~Steve Hanke

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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

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

~Steve Hanke

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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

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Biography

Nationality: American

Type: Economist

Born: December 29th, 1942

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