A Quote by Ha-Joon Chang

Low inflation and government prudence may be harmful for economic development.

Ha-Joon Chang

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Development Economic Economic Development Government Harmful Inflation Low May Prudence

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Ha-Joon Chang
South Korean - Economist
Born: October 7, 1963

During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions - a development that made it more difficult to stabilize both inflation and employment.

Janet Yellen

The industrial world enjoys a rare combination of growth and low inflation; the 'Washington consensus,' a model of economic development that emphasizes macroeconomic discipline and open markets, is being adopted by more countries.

Zanny Minton Beddoes

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

I was criticized at some level within the Republican Party by those who say government should not be in the economic development business at all. My response is that the only country I know that doesn't have an economic development plan is Papa New Guinea.

Jon Huntsman, Jr.

An exploration of the challenges Korea faces in transforming its economy from a government-directed, low-cost producer to an innovative world economic power based on its own scientific and technological development.

Lewis M. Branscomb

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

The issue here is this, that the Government's argument at the present moment is the argument that now the war is over, terrorism is defeated, we have to focus on economic development which in the north and east particular, being the areas where the war was fought, development has to proceed at a pace. That people from those parts of the country are leaving seems to suggest a lack of confidence and certainty in the trajectory of this kind of economic development.

Paikiasothy Saravanamuttu

Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen house, has many reasons to be disingenuous. As the world's largest debtor, the Federal Government is inflation's primary beneficiary.

Peter Schiff

Swift calls discretion low prudence; it is high prudence, and one of the most important elements entering into either social or political life.

Edwin Hubbel Chapin

It is very important to have a correct socio-economic development forecast and plan, in which inflation being a vital investment factor should be the key indicator

Tatyana Golikova

I'm a political scientist and I study these things, and I know that economic problems, with the rising unemployment and inflation and low productivity and so forth, were a factor in that election, in that defeat of President Carter.

Jeane Kirkpatrick

The Chinese government since 1979 has been very successful in economic development, and successful enough, simply by surviving, in the realm of political development.

William C. Kirby

As there are none so weak that we may venture to injure them with impunity, so there are none so low that they may not at some time be able to repay an obligation. Therefore, what benevolence would dictate, prudence would confirm.

Charles Caleb Colton

We know that inflation distorts economic behavior. In the 1970s, a combination of high tax rates and inflation prompted investors to flee production in favor of protection.

Nina Easton

A woman's best qualities are harmful if undiluted with prudence.

Victor Hugo

For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share markets rising solidly in each of the past three years. This has been underpinned by strong growth in profits so that, notwithstanding the rise in share prices, P/E ratios have been declining on average.

Ian Macfarlane

A Quote by Ha-Joon Chang

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