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.
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"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 #moneywealth
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During the last two centuries, there have been many deflations throughout the world. Almost al…
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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
About Steve Hanke
Steve Hanke was a Economist from United States (1942–present).
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Who said "During the last two centuries, there have been many deflations throughout the w…"?
This quote is attributed to Steve Hanke, a Economist from United States.
When did Steve Hanke live?
Steve Hanke lived from 1942 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.