---
title: "1 World Oil Quotes By Steve Hanke"
description: "1 World Oil quotes by Steve Hanke. Plus more from Steve Hanke and more World Oil sayings from other authors."
image: "https://sms4smile.com/quotes/i/fe3/steve-hanke-18876_gas_if-you-squeeze-and-squeeze-and-you-don-t_3228976.jpg"
---

> [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…](https://sms4smile.com/quotes/steve-hanke/if-you-squeeze-and-squeeze-and-you-don-t-allow-the-iranians-to-sell/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

[Image](https://sms4smile.com/quotes/i/fe3/steve-hanke-18876_gas_if-you-squeeze-and-squeeze-and-you-don-t_3228976.jpg)

## More by Steve Hanke

> [In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [A minimum wage leads to higher levels of unemployment.](https://sms4smile.com/quotes/steve-hanke/a-minimum-wage-leads-to-higher-levels-of-unemployment/)

[Steve Hanke](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/steve-hanke/since-china-embraced-deng-xiaoping-s-reforms-on-22-december-1978/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [Until the Fed dumps inflation targeting and the U.S. abandons its weak-dollar policy, inflation will rule the day.](https://sms4smile.com/quotes/steve-hanke/until-the-fed-dumps-inflation-targeting-and-the-u-s-abandons-its-weak/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets.](https://sms4smile.com/quotes/steve-hanke/with-the-passing-of-milton-friedman-on-november-16-2006-we-lost-one/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [The IMF is set up to deal with liquidity crises.](https://sms4smile.com/quotes/steve-hanke/the-imf-is-set-up-to-deal-with-liquidity-crises/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [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%…](https://sms4smile.com/quotes/steve-hanke/contrary-to-what-most-people-think-bank-money-is-much-more-important/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [Trade balances are determined by national savings propensities, not exchange rates.](https://sms4smile.com/quotes/steve-hanke/trade-balances-are-determined-by-national-savings-propensities-not/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [In April 2013, Nathaniel Popper of 'The New York Times' reported on Bitcoin in an article titled, 'Digital Money is Gaining Champions in the…](https://sms4smile.com/quotes/steve-hanke/in-april-2013-nathaniel-popper-of-the-new-york-times-reported-on/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [Mercantilism was an insidious economic theory that held Europe in its thrall in the 16th, 17th and 18th centuries.](https://sms4smile.com/quotes/steve-hanke/mercantilism-was-an-insidious-economic-theory-that-held-europe-in-its/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [In January 2013, one could buy a Bitcoin for about $13. By late November, one Bitcoin would have set a buyer back over $1100.](https://sms4smile.com/quotes/steve-hanke/in-january-2013-one-could-buy-a-bitcoin-for-about-13-by-late-november/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [There has never been a failure of a currency board anywhere in the world. These are tough systems, and when I say they are…](https://sms4smile.com/quotes/steve-hanke/there-has-never-been-a-failure-of-a-currency-board-anywhere-in-the/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [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…](https://sms4smile.com/quotes/steve-hanke/during-the-greenspan-bernanke-era-the-fed-has-embraced-the-view-that/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [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…](https://sms4smile.com/quotes/steve-hanke/there-is-always-the-potential-for-a-central-bank-to-engage-in/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

> [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.](https://sms4smile.com/quotes/steve-hanke/after-the-maxi-yuan-depreciation-of-1994-and-until-2005-exchange-rate/)

[Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/)

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