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Steve Hanke Quotes


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Quotes by Steve Hanke

Showing 21-30 of 34 Quotes by Steve Hanke

Since China embraced Deng Xiaoping's reforms on 22 December 1978, China has experimented with different exchange-rate regimes. Until 1994, the yuan was in an ever-depreciating phase against the U.S. dollar.

~Steve Hanke

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After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.

~Steve Hanke

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

~Steve Hanke

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It turns out that the rich are much better placed to feed at the public trough. The poor get crumbs.

~Steve Hanke

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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

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With interest rates artificially low, consumers reduce savings in favor of consumption, and entrepreneurs increase their rates of investment spending.

~Steve Hanke

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Trade balances are determined by national savings propensities, not exchange rates.

~Steve Hanke

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

~Steve Hanke

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When the dollar goes down relative to other currencies, the price of wheat, corn, rice and oil all go up in dollar terms.

~Steve Hanke

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Government buffer-stock schemes are rife with politics, and instead of generating profits from buying low and selling high, they tend to generate losses.

~Steve Hanke

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Biography

Nationality: American

Type: Economist

Born: December 29th, 1942

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