Development Quote by Ha-Joon Chang

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

— John Maynard Keynes

“...We would see people wanting to work, not for pennies on the dollar, or to try and keep up with inflation, but because their…

— D.M. Shiro

The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.

— Raghuram Rajan

One of the arguments I make for the failure of the euro is that, at the time it was being constructed, there was a…

— Joseph Stiglitz

“The question is whether the ECB will be able to fight low inflation by itself. Mr Draghi signalled that the central bank could only…

— Anonymous

Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.

— Ben Bernanke

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We…

— Alan Greenspan

If you look around the world and see all the different countries struggling to get away from very low inflation rates with economies not…

— Charles L. Evans

The foundation of economic development is the acquisition of more productive knowledge.

— Ha-Joon Chang

Culture changes with economic development.

— Ha-Joon Chang

“free trade economists have argued that the mere co-existence of protectionism and economic development does not prove that the former caused the latter. This…

— Ha-Joon Chang

Along with the GI Bill, which educated and housed Eisenhower's fellow veterans, the Interstate System has proved to be by far the most important…

— David S. Broder